Divergence Trading System Forex
The technique relies on Divergence in numerous method
So what we gonna want with this technique two indicator
1) Zig Zag with Depth 50
2) RSI interval 140
the technique is easy and really worthwhile with greater than 75%winratio and 1:2 threat reward ratio
Purchase Setup:
1) Look ahead to the worth to break the final backside, the zigzag indicator make it clear
2) Subsequent the rsi want to make a divergence (greater excessive) if not then we won’t commerce
3) after the rsi is making a divergence we look forward to the worth to shut above the newest low then we take a commerce and we put the sl and tp on the newest excessive
Please see the photographs to perceive extra this technique
Promote Setup:
1) Look ahead to the worth to break the final prime, the zigzag indicator make it clear
2) Subsequent the rsi want to make a divergence (decrease low) if not then we won’t commerce
3) after the rsi is making a divergence we look forward to the worth to shut under the newest excessive then we take a commerce and we put the sl and tp on the newest low
Please see the photographs to perceive extra this technique
Use the technique with appropriate threat administration and threat solely 1% to 3% per commerce
Promote Setup
I did take this commerce
After the worth shut under the road i take a promote commerce however it went up and hit my SL
so i waited the worth to shut once more under the road and that i seemed into the the RSI and nonetheless bearish divergence so i’ve my affirmation to take one other promote commerce and at last hit my TP
i dont all the time use final bottoms and tops on this commerce he didnt hit hit the final backside
commerce on GBPJPY there was a setup on M5 chart
