Rules & Settings
1. Place an 8 period RSI. Place an 8 period MA of the RSI and Bollinger Bands with a 20 period setting, also on the RSI.

2. When RSI is below the middle Bollinger Band. Go long on the open of the next bar after the RSI crosses the MA form below to above
When RSI is above the middle Bollinger Band. Go short when RSI crosses the MA from above to below/

3. Stop loss is the low/high of the previous bar.

4. When profit is +40 pips or more, move SL to break even.

5. Use trailing stops of 25 pips afterwards. For testing purposes we will not use that. Instead we will use 50 pips TS changed on daily basis.

4. Look at the charts once per day, just before 0.00 GMT. This way you know which pairs are approaching the set-up.

5. Wait for complete close of bar to make sure that the cross is real, then place the trades. So, when there is a start of a cross, you have to wait for next day 00.00 GMT to make sure the cross has stabilized. Then you enter the market. It is a daily method.

for more info on setup, download template, visit http://www.worth-less-spam.com

[KingOfKong]

Originally Posted by myfxreport

Rules & Settings
1. Place an 8 period RSI. Place an 8 period MA of the RSI and Bollinger Bands with a 20 period setting, also on the RSI.

2. When RSI is below the middle Bollinger Band. Go long on the open of the next bar after the RSI crosses the MA form below to above
When RSI is above the middle Bollinger Band. Go short when RSI crosses the MA from above to below/

3. Stop loss is the low/high of the previous bar.

4. When profit is +40 pips or more, move SL to break even.

5. Use trailing stops of 25 pips afterwards. For testing purposes we will not use that. Instead we will use 50 pips TS changed on daily basis.

4. Look at the charts once per day, just before 0.00 GMT. This way you know which pairs are approaching the set-up.

5. Wait for complete close of bar to make sure that the cross is real, then place the trades. So, when there is a start of a cross, you have to wait for next day 00.00 GMT to make sure the cross has stabilized. Then you enter the market. It is a daily method.

for more info on setup, download template, visit blah blah

Thanks for share dude.
I will take a look your site now.

[jafar00]

While you are promoting your adsense laden page you might like to credit the originator of the system you just mentioned and link to the thread that contains all info about it.
http://forexfactory.com/forumdisplay.php?f=87

[pluggy]

Waddya know, its profitfrog back from the grave and still spamming his blog.

Sorry, you're out of here. Again

[Takiii]

Was going to say.. Totally stolen strategy.

[profit]

Originally Posted by myfxreport

Rules & Settings
1. Place an 8 period RSI. Place an 8 period MA of the RSI and Bollinger Bands with a 20 period setting, also on the RSI.

2. When RSI is below the middle Bollinger Band. Go long on the open of the next bar after the RSI crosses the MA form below to above
When RSI is above the middle Bollinger Band. Go short when RSI crosses the MA from above to below/

3. Stop loss is the low/high of the previous bar.

4. When profit is +40 pips or more, move SL to break even.

5. Use trailing stops of 25 pips afterwards. For testing purposes we will not use that. Instead we will use 50 pips TS changed on daily basis.


Could you pls attach the chart so that we know how the signal ? I could not find it in your website.

Thanks
Nic

4. Look at the charts once per day, just before 0.00 GMT. This way you know which pairs are approaching the set-up.

5. Wait for complete close of bar to make sure that the cross is real, then place the trades. So, when there is a start of a cross, you have to wait for next day 00.00 GMT to make sure the cross has stabilized. Then you enter the market. It is a daily method.

for more info on setup, download template, visit http://www.worth-less-spam.com

[Scalper]

GBP is such a volatile currency..more power to ya

[ocm1]

Thanks for share