PROFIT MAKER INDICATOR

Pairs

Any..Currently i use ALL

Time frame

30min-1hr and it may be used for scalping

Indicators

9 SMA on close

100 SMA on close

RVI = 100 (relative vigor index) same as Sidus' indicator. (THIS INDICATOR IS NOT NECESSARY I(the author) USE IT FOR MOMENTUM MAINLY)

Method

LONG - When the 9 crosses above the 100 SMA Buy and it helps if the RVI is above 0

SHORT - When the 9 crosses below the 100 SMA Sell and it helps if the RVI is below 0.

(EXIT)

Close your position and reverse it when the 9 crosses back or Close the position when the price crosses back over the 9 SMA by 20 pips.

Additions

You may generally have periods when the price may whipsaw 1 or 2 times in a row, but 80-90% of the time when the 9 crosses the 100 you will catch an awesome move.. I trade only the GBP/JPY on the 1 hour (1 to 2 trades a week)

Let's get together and run this system to see how it goes.

I prefer the 1 HOUR CHART. You don't even need the RVI, but i use it to confirm the momentum(According to the author of this method).
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