This system is based on one large ProEMAGain indicator. This indicator gives its readings on the basis of three EMA (Exponential Moving Averages) and RSI indicator. These are standard market analysis tools, but they are combined into one system. Minimal but correct information and visual presentation on charts improves trading results very quickly. The system is recommended for trading on the main currency pairs EurUsd, GbpUsd, UsdJpy, UsdChf, AudUsd, NzdUsd.This system has two types of inputs – conservative and aggressive. Both of them can bring good results if used properly. It is recommended to trade on M5, M15, H1, H4 timeframes. The distinction between the entrances is very simple. The upper part of the chart contains the trend pointer. For conservative trade, it is necessary to follow it, but for aggressive trade it is not a necessary condition. The indicator itself consists of bars colored red and yellow, or blue and yellow. The location of these colours is indicated by the ProEMAGain indicatorHowever, these colors can be customized as you wish. The color of the text can also be changed. An important parameter is the RangeBarsCalculation. The height of bars and, accordingly, the trading style depend on its valueShopping rules:
- Wait for at least 2-3 yellow lines at the top of the bar
- If the price is higher than the indicator, wait for a recovery to the indicator
- If the price is below the indicator, wait for the first bar to close above or very close to the indicator
- In conservative trading, the trend should be upward
- Wait for the bull candle to close above the indicator.
- When you open the next candlestick, if the yellow line is still above the indicator, you open a position
- Set the stop loss 2-3 points below the indicator or at the nearest local minimum.
- Set the Take Profit to one and a half to two times the size of the Stop Loss.
Sales rules:
- Wait for at least 2-3 yellow lines at the bottom of the bar
- If the price is lower than the indicator, wait for a recovery to the indicator
- If the price is higher than the indicator, wait for the first bar to close lower or very close to the indicator
- In conservative trading, the trend should be down
- Wait for a bear candle to close below the indicator.
- When you open the next candle, if the yellow line is still at the bottom of the indicator, open a position
- Set the stop loss 2-3 points above the indicator or at the nearest local maximum
- Set the Take Profit to one and a half to two times the size of the Stop Loss
Sometimes the trend indicator is in a neutral position. In such cases, conservative entrances should be avoided.Download system files