Below is setup for small profits every day :
Setup of indicators
First of all we will setup EMA indicators
Exponential Moving Average with period of 20 at Close
Exponential Moving Average with period of 22 at Close
Exponential Moving Average with period of 25 at Close
Exponential Moving Average with period of 28 at Close
Above indicator you can choose RED colour.
See that all the above should be of same colour This is Slow EMA.
After that do as follows :
Exponential Moving Average with period of 3 at Close
Exponential Moving Average with period of 5 at Close
Exponential Moving Average with period of 10 at Close
Exponential Moving Average with period of 12 at Close
Above indicator you can choose BLACK colour. See that all the above 4 EMA should be of same colour. This is fast EMA.
So now you will get total of 8 lines. In which 4 will be black and 4 will be red.
After that you have to goto Indicators, then choose Oscillators and then you have to choose “ICHIMOKU KINKO HYO”. All the setting you have to keep default. This makes your screen ready. For this you have to make your screen background white then and then only you can see Black Slow EMA.
After that choose RSI and ADX. Setup RSI with 21 Periods at Close. Setup ADX with 14 Periods at Close.
Rules for trade : Time Frame : 30 Minutes and Higher preferably 30 Mins.
IF BULLISH CROSS OVER (Fast EMA crosses above Slow EMA) HAPPENS BELOW Ichimoku CLOUD THEN IT IS A WEAK SIGNAL AND IF PRICES CROSSES ABOVE CLOUD BY 20 PIPS SHORTLY AND RSI > 50 AND ADX > 25 THEN BUY THE CURRENCY
IF BULLISH CROSS OVER (Fast EMA crosses above Slow EMA) HAPPENS IN CLOUD THEN IT IS A ITERMEDIATE SIGNAL AND IF PRICES CROSSES ABOVE CLOUD BY 20 PIPS SHORTLY AND RSI > 50 AND ADX > 25 THEN BUY THE CURRENCY
IF BULLISH CROSS OVER (Fast EMA crosses above Slow EMA) HAPPENS ABOVE CLOUD THEN IT IS A STRONG SIGNAL AND IF PRICES IS ABOVE CLOUD BY 20 PIPS AND RSI > 50 AND ADX > 25 THEN BUY THE CURRENCY
IF BEARISH CROSS OVER (Fast EMA crosses below Slow EMA) HAPPENS ABOVE CLOUD THEN IT IS A WEAK SIGNAL AND IF PRICES CROSSES BELOW CLOUD BY 20 PIPS AND RSI < 50 AND ADX > 25 THEN SELL THE CURRENCY
IF BEARISH CROSS OVER (Fast EMA crosses below Slow EMA) HAPPENS INSIDE CLOUD THEN IT IS A INTERMEDIATE SIGNAL AND IF PRICES CROSSES BELOW CLOUD BY 20 PIPS AND RSI < 50 AND ADX > 25 THEN SELL THE CURRENCY
IF BEARISH CROSS OVER (Fast EMA crosses below Slow EMA) HAPPENS BELOW CLOUD THEN IT IS A STRONG SIGNAL AND IF PRICES IS BELOW CLOUD BY 20 PIPS AND RSI < 50 AND ADX > 25 THEN SELL THE CURRENCY.
ENTER IN TRADE AT ABOVE RULES AND SET STOP LOSS AT 35 PIPS AND SET PROFIT TARGET AT 35 PIPS.
Cross over means all the 4 black should cross all the 4 red lines.
BEST OF LUCK FOR TRADING AND POST YOUR COMMENT HERE…
After getting targeted profit close your computer and enjoy life…