• From: Slovakia
  • Registered: 2007-10-09
  • Posts: 4

Topic: Trading Strategy 5x5 (how to)

I have found a couple of interesting strategies and I am trying to test this:
http://forex-strategies-revealed.com/trading-strategy-5x5

Entry rules: Buy when the price crosses over 5 SMA and makes + 10 pips up, the RSI must be over 50. Sell when the price crosses below the 5 SMA and makes +10 pips down, the RSI must be less than 50.
Exit rules: not set.

I am using FSB for a few days, but I cannot find how to add this: "...and makes + 10 pips up" in the logic. Anybody could help?

  • Registered: 2007-01-01
  • Posts: 34

Re: Trading Strategy 5x5 (how to)

In this case we can use "Steady Bounds"
Its a channel around a MA with a width of a number of pips.


[Opening point of the position]
Steady Bands
     Enter long at the Up Band  <----Open above the SMA
     Smoothing method  -  Simple  <--------- SMA
     Base price  -  Close
     MA period  -  5   
     Margin in pips  -  10            <---- 10pips above the SMA
     Use previous bar value  -  Yes