Trading system MA 34

This system compromises of the following:

EMA 9, 13, 21
Fisher 34
MA 34
BB 34
RSI 13 or 14

Will be updating the system on comments section along the way.

Meantime

交易進行

評論:

Ratio for this trade currently employs minimum 1:1.

評論:

Theory:

Price action trading comes first. Please do prepare daily or 4hr chart before long or short. Otherwise, Fisher(34) may indicate trend if you are that lazy.

Rules:

To long,
Bullish candle formation
RSI must be above 50. * RSI 50 has been tampered to show 0.
MA 34 must be below candle, or bullish candle cuts across MA34
EMA 9 must be above EMA 13 must be above EMA 21, or "X" formation
Fisher (34) must be above 0

Take profits area: identifiable nearest resistance or top of BB(34).

Stop loss : Low of trend.

Vice Versa for shorts

評論:

Basically there are two kinds of trades.

Breakout trade and short term scalp as shown

評論:

評論:

Lastly, to end off.

If price action does not support price to reach take profit levels, please do at least take minimal profit. Better than incurring losses

評論:

To note:

EMA 9 or 13 , or 21 can be employed as trailing stop

評論:

Smaller candle provide better R:R

評論:

Big candle provides less R:R

評論:

After series of back testing,

Risk reward currently runs at 50pips:30pips

Change to RSI 21.

Added volume for breakout or to spot major trend reversal.

Added EFI(21)