LWMA 10 intraday method

Description: LWMA 10 intraday method is day trading system trend following.

Time frame 5 min

Currency pairs: majors for exmples EUR/USD, GBP/USD. USD/JPY

Trading Sessions: London and New York

Indicators:

• 10 LWMA (Weighted Moving Average), close

• 20 SMA (Simple Moving Average) close

• Stochastic oscillator (10,6,6 )

• RSI (28)

• Slow MACD (24/52/18)

Rules:

BUY Signal when the 10 LWMA crosses up 20 SMA

Stochastic crosses upward

RSI above 50 level

MACD histogram line up or above 0 line

SELL signal

the 10 LWMA crosses downward 20 SMA.

Stochastic crosses downward.

RSI below 50 level.

MACD histogram line down or below 0 level.

Profit target at the psycolagical level 00 -25 – 50 -75

Stop-Loss Level: at the previous swing high/low.

Pictures with chart EUR/USD and GBP/USD :

Setup fo other time frame.

10 -15 - 30 - 60 Minute Chart indicators setting

• 5 LWMA (L inear Weighted Moving Average), close.

• 10 SMA (Simple Moving Average) close.

• Stochastic (5,3,3 )

• RSI (14)

• MACD (12/26/9, defaul)