5:44 PM in 5x5, eur, Forex, simple, strategy, system, usd
Just look what this trading strategy has to say. Its a simple yet quite promising Forex trading method. Trading strategies like this can only be discovered through a long and determined observation of the price behavior.
To start:
Currency: ANY
Time frame: 1 day
Indicators: 5 SMA, RSI 5 Entry rules: Buy when the price crosses over 5 SMA and makes + 10 pips up, the RSI must be over 50.
Sell when the price crosses below the 5 SMA and makes +10 pips down, the RSI must be less than 50.
Exit rules: not set.
It is a very very simple system, yet with quite impressive results.
Always remember to take actions/enter the trade only after the signaling candle is closed.
This Strategy or trading idea can be used to create more advanced trading version.
Source: forex-strategies-revealed forex trading documentary
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