Hello everyone. This is the system I use for my swing trading account. I have been trading with it for about a month and tested it for about 3 before that. It’s very simple but applying it is the hard part. I’m one of those “trading is 90% psychological” believers. Also I always keep up to important news events and I always watch to see how they will effect the market.
So about twice a day (early morning, mid-evening) I look over the major currency pairs. I apply an EMA (5,10), SAR, RSI (EMA), MACD, and Stochastic to search for valid trades. (4 hour charts. All indicators applied to close)
Valid Trade - EMA crosses
- RSI above 50 for buy, below 50 for sell
- MACD crossover, histogram + to - sell, - to + buy
- Stochastic indicator must not show overbought or oversold
Once I find a trade where all of the indicators match up I check my daily, and sometimes my weekly charts to see the main trend. I usually only ride the trends on the longer time frames. I like to close and re-enter based on hourly charts also.
Anyways thats pretty much it. Never force a trade, let them come to you, and always keep up with important news events. If you want to see my log for the system i will post it and all updates.