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40 pips a day

40 pips a day is a daily forex strategy very simple but it's very impressive. This is an trend momentum trading system.
Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF, USD/CAD, EUR/JPY, GBP/JPY, AUD/JPY, NZD/USD, GBP/NZD, USD/JPY, and other.

Financial technical indicators:
RSI (Relative Strength Index) 5 periods;
Exponential moving average 5 ema (High);
Exponential moving average 5 ema (Low);
CCI (Commodity Channel Index (11 period level 90, -90).

Enter the trade only after the signaling candle is closed.
Buy
RSI must be over 50 level.
CCI must be over 90 level.
Buy when the price broken and close above the upper band (5EMA high).

Sell
RSI must be less 50 level.
CCI must be over -90 level.
Sell when the price broken and close below the lower band (5EMA low).

Profit Target 40 pips.
Initial Stop loss:
for buy the low of the entry bar;
for sell the hih of the entry bar.

40 pips a day
40 pips a day

40 pips a day Reviewed by learn forex trading on October 27, 2014 Rating: 5

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