AmazingCrossoverSystem
Created on 11/11/2016 7:49:26 AM
AmazingCrossoverSystem-Indicator.mq4
Entry Rules
BUY when the 5 EMA crosses above the 10 EMA from underneath and the RSI crosses above the 50.0 mark from the bottom.
Sell when the 5 EMA crosses below the 10 EMA from the top and the RSI crosses below the 50.0 mark from the top.
Make sure that the RSI did cross 50.0 from the top or bottom and not just ranging tightly around the level.
Exit Rules
Use a 50-pip trailing stop and a 200-pip profit target. This increases the chances of the system riding longer trends.
Close the trade when a new signal materializes.
Close all trades by the end of the week.
Chart Settings
5 EMA
10 EMA
RSI (10) applied to the median price (HL2) One level at 50
Time Frame : 1 Hour
TP: 50-100 Pips
SL: 100 Pips
Remember to always protect your capital. Once the trade moves in your favor by 20 pips, I'd set your SL to break even.
After 40 pips, set your SL to 20 pips profit, etc.
This indicator can be used as a signal provider for
LOCTrader Expert Advisor.
EURUSD
USDJPY
GBPUSD
USDCHF
M1
M5
M15
M30
Hourly
H4
Daily
Buy Signals
ACS_Buy
Moving Average 5 Exponential Close
Crosses from Bottom to Top
Moving Average 10 Exponential Close
ACS_RSI_Buy
Relative Strength Index (RSI) 10 Median (high+low)/2
Crosses from Bottom to Top
Constant (Horizontal line) Value: 50
ACS_RSI_UP
Relative Strength Index (RSI) 14 Close
Points Up (growing)
ACS_MACD_Above_Zero
MACD Signal
Fast EMA period:12 Slow EMA period:26 Signal period:9 Applied to:Close
Is Above
Constant (Horizontal line) Value: 0
Sell Signals
ACS_Sell
Moving Average 5 Exponential Close
Crosses from Top to Bottom
Moving Average 10 Exponential Close
ACS_RSI_Sell
Relative Strength Index (RSI) 10 Median (high+low)/2
Crosses from Top to Bottom
Constant (Horizontal line) Value: 50
ACS_RSI_Down
Relative Strength Index (RSI) 14 Close
Points Down (lowering)
ACS_MACD_Below_Zero
MACD Signal
Fast EMA period:12 Slow EMA period:26 Signal period:9 Applied to:Close
Is Below
Constant (Horizontal line) Value: 0
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This is a custom indicator for Metatrader 4 platform. To use it you need:
- Download this indicator and copy into your metatrader experts/indicators folder.
- Restart your Metatrader 4 terminal.
- Indicator will appear under Custom Indicators section. Attach the indicator on the chart.