FX Galib Trading System:
- Chart Settings: Timeframe-H1, RSI Default Level 65-70 & 35-30, Moving Average Simple- 10
- Day Trading Time (According to ICMarkets): 7:00:00 - 18:00:00
- Candle touching SMA-line environment: Candle can touch with its tail / Candle can touch with its body. It has to touch the line & then retrace. Once the candle closes in one hour chart take the trade instantly.
Example of Buying:
Description: Search in RSI have touched 65-70 levels recently and have gone down a little bit, then crossed the SMA-10 line with a full bullish body is a buy trade. (Take Entry After Cross Bar in Closed in H1)
Image Example:
Example of Selling:
Description: Search in RSI have touched 35-30 levels recently and have gone up a little bit, then crossed the SMA-10 line with a full bearish body is a sell trade. (Take Entry After Cross Bar in Closed in H1)
Image Example:
Live Trade Example Results:
Note: No need extra large input panels just a simple input panel is fine and workable while you have to focus on entities on correct conditions only. TP/SL can be input via Input Panel. T/P & S/L can be changed manually by me and make sure ea don't edit back again while it's turned on!
The concept behind the strategy: When a market goes to RSI65-70/RSI30-35 it means the market had got a trend and it may go more and more while showing some retracements in RSI to make people fool using the default indicator. So we’re just taking the entries in a retracement. (Trading on Retracements).
Google Docs File Link:
https://docs.google.com/document/d/1Zl82ky8c1YnfzCgNThXYjMYdk_taTyvmtFRFF85zLZI/edit?usp=sharing
I dedicated this strategy to work only
tanaka akiko because he did the EA-Macross before was perfectly done and working fine for me. I will be waiting for your update...
