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Strategy GBPUSD/GBPCAD Strategy D1 Time frame

4.00 star(s) 1 Vote
Pair : GBP USD GBP CAD (ONLY)
TIME FRAME: D1 ONLY
Take Profit : 80 Pips to 150 Pips
Stop Loss : as per chart and analysis


Indicator used:

5 SMA (Simple Moving Average)
BBBAND 20,2
RMI (14,5)
TDI RT CLONE (default settings)


Sell setup

Price was on Upper BB Band
Price fall or cross below of 5 SMA

RMI indicator is overbought 70-85

TDI overbought and bearish cross



Buy Setup

Price was on Lower BB Band
Price Up or cross above 5 SMA

RMI Indicator oversold area 30-15
TDI oversold and bullish cross over
 

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Can I use EMA instead of SMA? I use EMA 8 and MA 50 for day trades. I have never lost a single trade by using 10 pips strategy.
 
Pair : GBP USD GBP CAD (ONLY)
TIME FRAME: D1 ONLY
Take Profit : 80 Pips to 150 Pips
Stop Loss : as per chart and analysis


Indicator used:

5 SMA (Simple Moving Average)
BBBAND 20,2
RMI (14,5)
TDI RT CLONE (default settings)


Sell setup

Price was on Upper BB Band
Price fall or cross below of 5 SMA

RMI indicator is overbought 70-85

TDI overbought and bearish cross



Buy Setup

Price was on Lower BB Band
Price Up or cross above 5 SMA

RMI Indicator oversold area 30-15
TDI oversold and bullish cross over
thanks
 

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