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How To Make A Fortune Trading Scientifically
After combining all the components together and testing them, the result is this very profitable system. The system can be traded on a wide variety of currency pairs but in my own testing, I have found that it works best on the GBPUSD, EURUSD, USDJPY and the AUDUSD currency pairs. The system itself can be applied to all trading timeframes but based on the results of our tests we want to focus the majority of our trading on the timeframes that have performed the best. In particular, the H1 and H4 timeframes. Here’s a list of the indicators that we will be using
Pivot Points indicator with default settings
Exponential Moving Average set to 50
MACD set to 8,17,9
RSI set to 14 period
BUY TRADE RULES
1. The current price candle should be above the 50 EMA.
2. The MACD histogram should be above the zero level.
3. The RSI should be above the 50 line.
4. The entry is above a broken Pivot Points support or resistance line.
5. The Stop Loss is placed below the closest/next Pivot Point level.
6. The Take Profit is placed at the nearest Pivot Point level.
SELL TRADE RULES
1. The current price candle should be below the 50 EMA.
2. The MACD histogram should be below the zero level.
3. The RSI should be below the 50 line.
4. The entry is below a broken Pivot Points support or resistance line.
5. The Stop Loss is placed above the closest/next Pivot Point level.
6. The Take Profit is placed at the nearest Pivot Point level.
