Power Day Trading with RSI and LWMA

Power Day Trading with RSI and LWMA is intraday strategy trend-momentum. The purpose of this strategy is to filter out the ranges that you sometimes create in the market.

Time frame 15 min or 30 min.(I observed that this system works well even at 60 min time frames.)

Currency pairs: EUR/USD, USD/CHF, GBP/USD, AUD/USD, USDF/JPY, GBP/JPY, EUR/GBP.

Indicators

Draws pivot points levels on the chart.

RSI 14 period witj following levels: 20, 30, 45, 55, 70, 80.

Parabolic SAR (0.11 – 0.011).

LWMA 5 period, close.

LWMA 20 period, close.

Trading Session: London and New York.

Low spreads less of 2 pips.

Rules Power Day Trading with RSI and LWMA

Buy

LWMA fast (5) above LWMA slow (20).

Parabolic dot below the price.

RSI (14) above of level 55.

Sell

LWMA fast (5) below LWMA slow (20).

Parabolic dot above the price.

RSI (14) below of level 45.

Re-enter in same direction is optional.

Exit when the LWMA changes direction or at the levels of pivot points. Place stop loss below/above the parabolic dot.

This strategy is profitable.

Below the link for download Power Day Trading with RSI and LWMA MT4 tempate:

https://drive.google.com/file/d/0Bwjv2Pbf48itc0NqOXplLWpTQ28/view?usp=sharing