FREE DOWNLOAD No Repaint Kijun-Sen Strength of momentum Forex Trading System – This trading system do not repaint. This forex trading strategy is based on RSI advanced indicators and CCI advanced. The combination of these indicators represent a complex but efficient system of filters for trend or trend momentum arrows.
Some traders are extremely patient and love to wait for the perfect setup while others are extremely impatient and need to see a move happen quickly or they’ll abandon their positions. These patient traders make perfect momentum traders because they wait for the market to have enough strength to push a currency in the desired direction and piggyback on the momentum in the hope of an extension move.
However, once the move shows signs of losing strength, an impatient momentum trader will also be the first to jump ship. Therefore, a true momentum strategy needs to have solid exit rules to protect profits while still being able to ride as much of the extension move as possible.
No Repaint Kijun-Sen Strength of momentum Forex Trading Rules
Buy-Sell (price action support and resistance only for visual), CCI NRP advanced alert MTF ( CCI period 14, price 5, OS 100, OB -100, this indicator is based on CCI Stochastic.
RSI smoothed advanced (period 5, level up 10, level down -10, smooth 5,
RSI TC NEW (21, buy level 50, sell level 50, this indicator is also used in many strategies for binary options high/low).
- Blue buy arrow
- Green RSI line upward above yellow or blue dots
- Aqua line CCI NRP advanced alert MTF upward
- RSI smoothed advanced aqua line and upward
- Price above Kijun-Sen line
- Red sell arrow
- Magenta RSI line downward below yellow or red dots
- Magenta line CCI NRP advanced alert MTF downward
- RSI smoothed advanced magenta line and downward
- Price below Kijun-Sen line
EXIT and STOP Rules
- Exit positio with ratio 1:2 or 1:3 (stop loss : Profit)
- Place initial stop loss on the previouis swing.
In forex trading, discipline means following your trading system rules strictly and precisely. Over 95% of forex traders lose, not because they do not have a good trading system or they have not learned the techniques. They lose because they fail to follow their trading system rules.
They lose because they have no discipline.
When you ask them about the techniques, indicators and systems they use, they explain very well, but when you ask them about their trading performance and whether they are profitable or not, you will see that they are not profitable yet.