10 Pips A Day Forex Trading System | Indicators, Setup, Entry And Risk Management All Outlined

Forex Trading System
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****Recommended YouTube Playlists To Watch****
Forex Scalping Course – https://www.youtube.com/watch?v=G-fsZmXH_eg&list=PLjkJhj4gfHjRsdTdbAE2RhpqEJ7eqjh_l

One Glance Trader MT4 Indicators & Expert Advisors –

Confluence Trading – Two Part Series –

Everything About Divergence –

****Recommended YouTube Playlists To Watch****

10 Pips A Day Forex Trading System

Time Frame: M5
Indicators Needed

OGT ADR Indicator
OGT RSI MTF Indicator
LWMA MACD

Indicators Settings Settings

ADR Indicator
– ATR Period: 15
– ADR Alert %: 100
– ADR Alert Email/Push/Popup: True

RSI MTF Indicator
– RSI Period: 14
– RSI Price: Closed Price
– OB Level: 70
– OS Level: 30
– TF Type: Higher
– TF Quantity 1

MACD
– 12,26,9 (default)

Setup

1) ADR reached 100% for the day
2) RSI OB/OS on current and + 1 TF (up/down arrows)

Entry

– Wait for price to close above/below last MACD cross
– If no close above/below last MACD cross before NY close – NO TRADE

Stop Loss/Take Profit

– Stop loss above/below recent high/low
– Take Profit minimum 1:1 Reward:Risk
– If TP/SL not hit after NY close – CLOSE TRADE

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