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Simple Balance System:Current Forex system represents a well thought
and very simple combination of indicators. Knowing what signal to look for
with each indicator, provides a good tip for good entries and exits.
• Time Frame: Any
• Currency: Any
• Indicators: 5 Ema, 10 Ema, Stochastic (14, 3, 3), RSI (14, 70, 30)
• Entry Indicator: Buy when 5 EMA crosses above 10 EMA and stochastic
lines are heading up and stochastic is not in overbought position (above
80.00 level) and RSI is above 50.
• Entry Indicator: Sell when 5 EMA crosses below 10 EMA and stochastic
lines are heading down and stochastic is not in oversold position (below
20.00 level), and RSI is below 50.
• Exit: when 5 EMA and 10 EMA cross in the opposite direction or if RSI
crosses the 50 mark again.
In the graphic below the blue line is the EMA 5 and the Aqua line is EMA 10. The
yellow line is the trend.
Advantages: allows filtering entries and this is more accurate.
Disadvantages: 5 and 10 EMAs can give very early exit signals.