Short-term strategy for the RSI, MACD, MA and Stochastic

01 May 2011
intraday trading strategy , the next trend-following indicators are used on the 10-minute charts: WMA (5), SMA (10), stochastic (5, 3, 3), RSI (14), MACD (default). If you want to trade this method on a 5-minute, you will need to double the options of all indicators: WMA (10), RSI (28), etc.

Market: Forex;
Currency pairs: any;
Timeframe: from M5;
Forex indicators: WMA, SMA, Stochastics, RSI, MACD;
Trading hours: 20:00 to 12:00 GMT;
Strategy: intraday;
Protective orders: StopLoss.
Rules of the trading strategy

Add the above indicators at 10-minute schedule. Сделки открываются только в период с 20:00 до 12:00 МСК. Transactions are only opened during the period from 20:00 to 12:00 GMT.

The signal to buy appears when the WMA (5) crosses the SMA (10) bottom up, Stochastic gives the signal up, the value of the RSI indicator is greater than 50, the MACD histogram is greater than 0, and the average MACD crossed up.

A sell signal when the WMA (5) crosses the SMA (10) top-down, Stochastic gives a signal down the value of RSI below 50, the MACD histogram is less than 0, and the average MACD crosses down.

Profits take some key levels: quotes ending in 00, 20, 40, 60, 80. Level StopLoss: 25 pips.
An example of work on the trading strategy

A sell signal on the EUR / USD. Please note that the WMA (5) went under the SMA (10) still at 17:00 GMT. Stochastics - down, RSI below 50, MACD indicator shows down. A clear signal to sell, take profits at key levels.




The signal to buy on EUR / USD. Moving average 5 / 10 - top, Stochastic - up, RSI above 50, MACD crossed up when the histogram is above 0. We take profit on key levels.



A sell signal on the EUR / USD. Please note that the WMA (5) went under the SMA (10) still at 17:00 GMT. Stochastics - down, RSI is below 50, MACD shows down. A clear signal to sell, take profits at key levels. Note that the pair was lower before the next key level.



The signal to buy on EUR / USD. The intersection of 5 / 10 - top, Stochastic - up, RSI above 50, MACD crossed up when the histogram is above 0. We take profit on key levels
During the same session, appeared and a sell signal. Couple has gone through several levels of profit taking.

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