The Force Trading System
This system can work on EURUSD pair in a 5 minute chart. The suggested session that you can trade using this system are Asian and Euro session. Indicators are listed below.
- MACD: 12,26,1 ( 1 means nothing )
- Stochastic: 5,3,3
- EMA: 5 to the close
- EMA: 5 to the open
Do not trade during the news.
Set risk to 1%*
Take profit could be random depending on market conditions, but you can get out on a reversal patterns or the cross of 2 EMAs.
Trade signals are only confirmed on closed bars.
For Buy Signal:
- When the stochastic crosses up from the 20 line and is not
ovebought - The MACD closes higher than the previous time interval
- The Signal bar closes higher bullish
- The 5 EMA to the close has crossed the 5 EMA to the open.
- Set stop loss on the low of the previous candle or 20 pips but 20 pip minimum.
- You can close the position when the 5 EMA to the close has crossed the 5 EMA to the open.
For Sell Signal:
- When the stochastic crosses down from the 80 line and is not
oversold - The MACD closes lower than the previous time interval
- The Signal bar closes lower bearish
- The 5 EMA to the close has crossed the 5 EMA to the open
- Set stop loss on the high of the previous candle or 20 pips but 20 pip minimum.
- The price action is the basis when to close the position.
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