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10 pips a trade System

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#1
This is a simple system. Using this in a 15 minute chart for 10 pips a day... but often this time frame can produce 20 or more per trade.

The pictured example is a fifteen minute chart.
When the rules are followed I experience about a 75% win rate, with very low risk.

This was backtested 500 trades, strategy tested 250, and demo traded 100 trades.

STOCHED UP RSI
Currency Pair: ANY
Timeframe: ANY

INDICATORS
Bollinger Bands (21) - Deviations (2)
Stochastics (13,8,5) - Levels: 20,30 and 70,80 - Slow Line green, fast line orange
RSI (14) overlaid on to Stochastic, no levels - Light blue color

BULLISH SET UP RULES:
Price closes at or below the lower Bollinger band
Stochastic fast line AND slow line are both below the 20 level
RSI is below the 30 line
Enter at candle close
Target is middle Bollinger band

BEARISH SET UP RULES
Price closes at or above upper Bollinger band
Stochastic fast line AND slow line are both above the 80 level
RSI is above the 70 line
Enter short at candle close
Target is middle Bollinger band

RISK
Varies on timeframe... good to start with about a 10 pip risk on a 15 minute chart, and risk goes up as timeframes go up.
As price moves my direction, I will trail my stop producing very low risk trade ideas. Follow the rules to less risk.

[Image: SRSI.JPG]
Yuv
Basic EA Programmer
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#2
Could you give another screenshot ?
i'm trying to create an ea
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#4
Stop loss would be 15 to 20 pips.
Yuv
Basic EA Programmer
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#6
(12-27-2019, 08:33 PM)burkas Wrote: Could you give another screenshot ?
i'm trying to create an ea
did you make EA for this system ?
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#8
(11-23-2019, 02:52 PM)yuv Wrote: This is a simple system. Using this in a 15 minute chart for 10 pips a day... but often this time frame can produce 20 or more per trade.

The pictured example is a fifteen minute chart.
When the rules are followed I experience about a 75% win rate, with very low risk.

This was backtested 500 trades, strategy tested 250, and demo traded 100 trades.

STOCHED UP RSI
Currency Pair: ANY
Timeframe: ANY

INDICATORS
Bollinger Bands (21) - Deviations (2)
Stochastics (13,8,5) - Levels: 20,30 and 70,80 - Slow Line green, fast line orange
RSI (14) overlaid on to Stochastic, no levels - Light blue color

BULLISH SET UP RULES:
Price closes at or below the lower Bollinger band
Stochastic fast line AND slow line are both below the 20 level
RSI is below the 30 line
Enter at candle close
Target is middle Bollinger band

BEARISH SET UP RULES
Price closes at or above upper Bollinger band
Stochastic fast line AND slow line are both above the 80 level
RSI is above the 70 line
Enter short at candle close
Target is middle Bollinger band

RISK
Varies on timeframe... good to start with about a 10 pip risk on a 15 minute chart, and risk goes up as timeframes go up.
As price moves my direction, I will trail my stop producing very low risk trade ideas. Follow the rules to less risk.

[Image: SRSI.JPG]


nice strategy..will try it..thank you
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#9
(11-23-2019, 02:52 PM)yuv Wrote: This is a simple system. Using this in a 15 minute chart for 10 pips a day... but often this time frame can produce 20 or more per trade.

The pictured example is a fifteen minute chart.
When the rules are followed I experience about a 75% win rate, with very low risk.

This was backtested 500 trades, strategy tested 250, and demo traded 100 trades.

STOCHED UP RSI
Currency Pair: ANY
Timeframe: ANY

INDICATORS
Bollinger Bands (21) - Deviations (2)
Stochastics (13,8,5) - Levels: 20,30 and 70,80 - Slow Line green, fast line orange
RSI (14) overlaid on to Stochastic, no levels - Light blue color

BULLISH SET UP RULES:
Price closes at or below the lower Bollinger band
Stochastic fast line AND slow line are both below the 20 level
RSI is below the 30 line
Enter at candle close
Target is middle Bollinger band

BEARISH SET UP RULES
Price closes at or above upper Bollinger band
Stochastic fast line AND slow line are both above the 80 level
RSI is above the 70 line
Enter short at candle close
Target is middle Bollinger band

RISK
Varies on timeframe... good to start with about a 10 pip risk on a 15 minute chart, and risk goes up as timeframes go up.
As price moves my direction, I will trail my stop producing very low risk trade ideas. Follow the rules to less risk.

[Image: SRSI.JPG]
Could you please share the results of the backtest?
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