Topic: Need Help Please With Setting Up A System
Is there anyone who could please assist me with the setting for the following trading system. I think I have the right settings as needed except for the slow stochastics bit. Anyway please help with the whole system.
Below are the settings I require:
[5 minute chart]
• 10 period WMA (Weighted Moving Average)
• 20 period SMA (Simple Moving Average)
• Slow Stochastic (10,6,6 (exponential))
• RSI (28)
• MACD (24/52/18 (exponential))
To signal a long trade "BUY" : MA1 > MA2, RSI > 50, MACD Fast > MACD Signal and Stochastic is signaling up (fast line above the slow line).
To signal a short trade "SELL" : MA1 < MA2, RSI < 50, MACD Fast < MACD Signal and Stochastic is signaling down (fast line below slow line).