New To Babypips

[tommor]

Welcome. Definitely take a look at this ongoing discussion and similar threads about simple strategies -

Moving averages & RSI System - Looking for help with testing a system, opinions and also ideas to Improve this

Looking for help with this system. In testing, opinions, better stop loss and take profit ideas to lock in profits. Rules 100ema, 50 EMA Can only trade when a candle closes above both of these EMA’s. Also the RSI with a setting of 5 (close) must be above 50 for a buy and below for a sell. Once you get a closed candle above the 50ema and rsi is above 50 place a buy stop 2 pips above the candles close. If the next candle does not open then the buy stop is cancelled and wait for another candl…

And good luck.