illustrate Tedosi's trategies in fxdreema
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can you make this Tedosi's trategies as an example let us understand and use your systems more easily,
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use 1h chart on GBP/JPY with Stoch(5,3,3) and RSI(7). My idea is this ...
use Stoch and RSI just to define where it is possible to have a breakout.
Then use most profitable tool- use candlesticks.
If have strong up trend and my Stoch and RSI are overbought, and we have
down trend candle (black candle) close at the middle of the last
(in this case white one) enter my trade.
With this system can make more than 1500 pip only from GBP/JPY for week. just use it for GBP/JPY.Rules are this:
Sell when RSI and Stoch are bought or they are close to overbought (75)
line, and we have down candle which has closed at least at the middle of the last up
candle.
Buy when we have oversold RSI and Stoch and we have up candle which has closed
at the middle of the last down one.
very very very simple and very profitable system
http://i58.tinypic.com/308ejdc.pngExit rules if we are in a sell trade and ... we have oversold RSI and Stoch
and we see this up candle which has closed at 50% of the last down one - exit and
enter another trade.Put stop lost at -100 pip.[/quote:dtl11553]
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This?
http://fxdreema.com/shared/8oILfIjmeOr this? (here the difference is in blocks 2 and 9, crossover is used)
http://fxdreema.com/shared/xnSLoRu9bIn the first example it happens very often to have Stochastic and RSI overbought/oversold and in the same time Close[0] to be beyond the half of the previous candle. Sometimes it's beyond the half of candle 2. It looks better in the second example where we wait for a crossover.
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This is exactly that i'm looking for. Thank you much for supper fast supporting and amazing fxdreema system
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but when we set no take profit, how does it take profit?
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I don't know, this strategy is not mine and it does not say anything special about TP. It's not that it can't be placed. Now it closes on profit only in the next oversold/overbought.