Ricky D’s Forex Trading System

The Ricky D is a forex trading system that uses EURUSD, GBPUSD, USDJPY, USDCHF on the 15 minute or 30-minute timeframe. Use this method during 2:00 to 10:00 -4 GMT.

MT4 Indicators:

• 5 MA (Linear Weighted/Close)
• 20 MA (LinearWeighted/Close)
• CCI (5) Line at +100, 0, and -100
• Forecast Oscillator: Regress (15) t3(3) and b(0.7) Line at 0
• Relative Vigor Index (1) Line at 0
• ADX (14) Line at 20
• Volume

Directional Indicators:

• 100 MA (Linear Weighted/Close)
• 200 MA (Linear Weighted/Close)

Show Stoppers:

• 100 MA (Linear Weighted/Close)
• 200 MA (Linear Weighted/Close)
• Pivot Lines and Mid-Pivots (mid-point between pivots)
• BT2Stop (or Stops from original BrainTrend)

Trade Entry

The cross of the 5MA with the 20 MA favors the direction of the trade. The 5 MA on top favors Long trade, 5MA on bottom favors Short trade.

Don’t trade too close to the 100 MA because it acts as a resistance line.

Long Entry:

1. The CCI needs to be greater than (0).
2. Forecast Oscillator needs to have both lines above the 0 line with the blue line on top.
3. The RVI needs to have both lines above the 0 line and the style (Blue) line on top.
4. The ADX Main and DI+ need to be at least 20 and rising.
5. No BT2Stop in the way of the entry bar.
6. Must be 15 pips away from a support or resistance line (Pivot or Mid-Pivot).
7. The 100MA(LW/Close) no closer than 20 pips in the direction of the entry.

Short Entry:

1. The CCI needs to be less than (0).
2. Forecast Oscillator needs to have both lines below the 0 line with the red line on top.
3. The RVI needs to have both lines below the 0 line and the red line on top.
4. The ADX Main and the DI- need to be at least 20 and rising.
5. No BT2Stop in the way of the entry bar.
6. Must be 15 pips or more away from support or resistance line.
7. The 100MA(LW/Close) no closer than 20 pips in the direction of the entry.

Exit Position:

• The RVI lines cross with the wrong color on top and a slight separation in them (0.2) (or) the
• RVI Style line crosses the 0 line against the trade. (up while in a short / down while in a long) or whichever happens first.

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