COWABUNGA FOREX WINNING STRATEGY

This strategy is combination of 4hrs and 15 mins chart. In 4hrs time frame, if 5 EMA above 10 EMA, trend is up,

if 5 EMA is below 10 EMA Trend is down.

After open 15 min chart .

Buy

5 EMA must cross above the 10;

RSI must be greater than50;

Stochastic must be be above 50 and headed up and not in overbought terrritory;

MACD Histogram must go from negative to positive or MACD Histogram must be negative and start to increase value.

Sell

5 EMA must cross below the 10;

RSI must be <50;

Stochastic must be headed down and not in oversold territory;

MACD Histogram must go from positive to negative or MACD Histogram must be positive and start to decrease value.

Stop loss 20-30 pips.

Profit Target ratio 1,3.

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