Hi all,
I’m studying trading (mostly at babypips) over a year, and now I’m live trading for couple of months.
the trading system I considered winning during back testing and demo trading isn’t that good in live action. I share it here with you:
I simply go long if:
My SMA5 crosses above SMA10 (I use SMA50 to find the long term trend also) And Stoch(10,2,5) is headed up, not above 80% And RSI(14) is more than 50
I look at H4 for finding the overall trend and trade in M30 I enter when candle closes (apply on new candle) My S/L is the below support or resistance level or PP My T/P is above S or R or PP
can you comment on this plan?
I appreciate your advices and comments.
regards,
Emad