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My Forex Trading System .


FX10 [5 minute or 10 minute chart] Day Trading Method



Hi all,

Please read carefully to this post. I am about to reveal my forex trading systemwhich I have been using for years and successfully generate money to my pocket.

I found this strategy in 2005 and until today it has been generate good result.This system is created by Erol Bortucene,President of Forex Research Corp.this is a simple and effective trend following method for any major exchange rate. I hope you can adapt this strategy to suit your trading style.


5 minute Chart Set-up

Description: An intra day trend following trading method, using the following indicators:
• 10 period WMA (Weighted Moving Average)
• 20 period SMA (Simple Moving Average)
• Slow Stochastic (10,6,6 (exponential))
• RSI (28)
• MACD (24/52/18 (exponential))


Rules: Only take trades between 8AM-12PM EST and/or 2AM-4AM EST. 



BUY the exchange rate when the 10 WMA crosses up past the 20 SMA and the Stochastic is signaling up (fast line above the slow line), RSI > 50 and the MACD histogram >0 and MACD averages crossed up.



SELL the exchange rate when the 10 WMA crosses down past the 20 SMA and the

Stochastic is signaling down (fast line below slow line), RSI<50 and the MACD histogram <0 and MACD averages crossed down. Try and take profits at or near key levels: Try and take profits at exchange rates ending with 00, 20, 50, 80 e.g. EUR/USD 1.1980 Stop-Loss Level: discretionary


Screen shots:
EUR/USD Buy signal[below]





GBP/USD Sell signal[below]







10 Minute Chart Set-up

To set this method up with 10 minute charts, simply use the same rules above, but change
the indicator values to the following:
• 5 period WMA (Weighted Moving Average)
• 10 period SMA (Simple Moving Average)
• Slow Stochastic (5,3,3 (exponential))
• RSI (14)
• MACD (12/26/9 (exponential))


Note:

Do 1-2 weeks testing in your demo account or until you get comfortable or good result before 
applying in your real account.

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