40 pips a day - forex trading hours singapore

40 pips a day ~ forex trading hours singapore

40 pips a day is a daily forex strategy very simple but its very impressive. This is an trend momentum trading system.

Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF, USD/CAD, EUR/JPY, GBP/JPY, AUD/JPY, NZD/USD, GBP/NZD, USD/JPY, and other.

Financial technical indicators:

RSI (Relative Strength Index) 5 periods;

Exponential moving average 5 ema (High);

Exponential moving average 5 ema (Low);

CCI (Commodity Channel Index (11 period level 90, -90).

Enter the trade only after the signaling candle is closed.

Buy

RSI must be over 50 level.

CCI must be over 90 level.

Buy when the price broken and close above the upper band (5EMA high).

Sell

RSI must be less 50 level.
CCI must be over -90 level.

Sell when the price broken and close below the lower band (5EMA low).

Profit Target 40 pips.

Initial Stop loss:

for buy the low of the entry bar;

for sell the hih of the entry bar.

40 pips a day

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