Click to download template:
Code:
https://www.cx.com/mycx/share/Hb7tQr06EeGeOhICOBtLIg/ati%20rsi%20ema.tpl
Click to download auto pivot indicator:
Code:
http://www.mediafire.com/file/b4q5240i7b6gu1e/###Auto_Pivot2.ex4
INSTAL THE TEMPLATE.
To install, click ‘’my computer, local disk, program files, broker folder, templates…then copy and paste it in the folder. Restart your MT4….right click on any chart….and click on template name, then you have the template right. You can now right click on the chart again, select ‘’properties’’ and change the ‘’grid color’’ to ‘’black’’ for better picture.
PAIRS: GBP/USD,EUR/USD,EUR/JPY,NZD/USD,AUD/USD
TOOLS : MA 28(applied to chart), ATR(20),RSI 8 and MA 8(applied to first data box)
Note : All the tools are already installed alongside the template.
LONG ENTRY RULES.
Enter your long trade when the RSI crosses its moving average. We BUY when RSI crosses the moving average from below, that means the value of the RSI must be above its MA .It is vital to note that a cross is only validated after the daily candle has closed .Also make sure that the candle closes right above the MA28(red).We don’t take a trade on the day when the cross has formed as it may disappear later in the day.
We enter the trade as soon as the new candle is formed i.e. at the opening price.
FIG 1
http://1.bp.blogspot.com/-PDuDfld3UL...s400/fig+1.jpg
SHORT ENTRY RULES.
Enter you short trade when the RSI crosses its moving average. We SELL when RSI crosses the moving from above. It means the value of the RSI must be below its MA It is vital to note that a cross is only validated after the daily candle has closed. Also make sure that the candle closes right below the MA 28 (red). We don’t trade on the day when the cross has formed as it may disappear later in the day.
We enter the trade as soon as the new candle is formed i.e. at the opening price.
FIG 2
http://2.bp.blogspot.com/-4nrVnsPT6_...s400/fig+2.jpg
STOP LOSS.
We will use the percentage of the ATR (Average True Range) as stop loss level. The ATR shows numerically volatile a currency has been recently. A small ATR (30-50pips) shows the daily ranges has been small, this currency pair is moving very little. A higher ATR(100 – 200pips) shows a currency pair on a rollercoaster, either in a strong trend or ranging wildly. Obviously for a high ATR,we need a stop to give the trade some room to breathe. The ideal stop loss level is a stop of 75% ATR(20).
FIG 3
http://3.bp.blogspot.com/-NIYdUIWi5S...s400/FIG+3.jpg
EXIT TRADE
No rules for exit in this method. You can just let the trade run for as long as you wish with a trailing stop loss or loose the trade at the end of the day.