COWABUNGA

Here is a very simple trading system ... so simple hard to believe.

i read about this while i study at babypips (http://www.babypips.com/), they try to using a simple indicators to give a trading system a chance ... here are what it takes;

EMA 5, EMA 10, RSI (9), Stochastic (8, 3, 3) and a MACD (12, 26, 9)

put all of this in 15 minutes chart.

and here is how it works:

buy signal,

EMA 5: wait until this line crossing EMA 10 from below

Stoch : wait until the stochastic reach the level 20 and wait until it reach level 50

RSI: wait until the line crossing level 50 from below it

MACD : use this only as a reversal trend or after "bearish" trend

sell signal, the other way around

EMA 5 : wait until the line crossing EMA 10 from above

Stoch : wait until the stochastic reach the level 80 and wait until it reach level 50
RSI: wait until the line crossing level 50 from above it

MACD : use this only as a reversal trend or after "bullish" trend

with this signal we can use it as an indicator when to enter market for a long period or short period trade ... depend on us ....

opinion:

i try to use this system for a week and a result is very provoking ... no loss for a 10 pips target, i try 4 times. and most of the time it only take 1 - 2 hours to get the result. since my maximum target at this time only 100 pips a month it surely does the work.

tips:

if you targeting for more then 20 pips at a time, there are more rules you need to obey, like busy trading time, etc. you can get that at babypips.

since the standard MACD from metatrader is quite hard to read, i change it with other indicator. i use the standar CCI indicator and CCI tweak indicator that i get from other system called "Tlotemi". they are very ... very ... very useful for me to get a trend signal.

and a gain ... it's so simple ... easy to follow ... easy to grip ...

just keep it simple guys .....