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5 Mins EMA RSI STS system |
sjjhala
White Belt
Joined: 14 Mar 2008
Posts: 119
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Post: #1  Posted: Fri Jan 09, 2009 1:16 pm Post subject: 5 Mins EMA RSI STS system |
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BUYS
8,3,3 Stochastic crossed up
13 RSI above 45
34 EMA candle must have closed above, or be above, the EMA
SELLS
8,3,3 Stochastic crossed down
13 RSI below 55
34 EMA candle must have closed below, or be below, the EMA
Conditions to be followed very strictly. Sometimes, the candle will not be above / below the 34 EMA when RSI and Stochastics give buy / sell signal. In this case, do not enter till the candle confirms a close above / below for the respective buy / sell signal. |
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sundari.s
White Belt
Joined: 25 Dec 2008
Posts: 8
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| Post: #2 Posted: Fri Jan 09, 2009 7:26 pm Post subject: success rate |
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respected sir,
can you pls tell me that if i am trading 10 trades with this strategy,how many will be successfull and on averge hoe much will be my prifit margin? |
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sjjhala
White Belt
Joined: 14 Mar 2008
Posts: 119
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| Post: #3 Posted: Sat Jan 10, 2009 10:03 am Post subject: success ratio |
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Regarding success ratio of this system,
One can back test this on icharts visually or use Amibroker / Metastock to back test this system. Visual backtest confirms a 90% success ratio.
As for the profit margin, it really depends on the trader on how comfortable one is to use leverage. Kindly paper trade the system for some time. |
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Prairie
White Belt
Joined: 23 Jun 2008
Posts: 5
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| Post: #4 Posted: Wed Mar 04, 2009 5:49 am Post subject: How to exit ? |
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Kindly post the exit rule for this strategy -
Thanks
Senthil |
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sjjhala
White Belt
Joined: 14 Mar 2008
Posts: 119
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| Post: #5 Posted: Wed Mar 04, 2009 10:24 am Post subject: Selling / Exit |
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Dude,
It is right there on the main post...see sell conditions..simple, yes? |
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kishy99
White Belt
Joined: 10 Feb 2009
Posts: 13
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| Post: #6 Posted: Sat Mar 14, 2009 8:31 pm Post subject: Re: 5 Mins EMA RSI STS system |
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| sjjhala wrote: | BUYS
8,3,3 Stochastic crossed up
13 RSI above 45
34 EMA candle must have closed above, or be above, the EMA
SELLS
8,3,3 Stochastic crossed down
13 RSI below 55
34 EMA candle must have closed below, or be below, the EMA
Conditions to be followed very strictly. Sometimes, the candle will not be above / below the 34 EMA when RSI and Stochastics give buy / sell signal. In this case, do not enter till the candle confirms a close above / below for the respective buy / sell signal. |
Could you please explain how to set 8,3,3 Stochastic & what does 13 RSI above 45 mean. |
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