The Dragon Fly Trading System

The Dragon Fly Trading System

Time Frame 5min but Work any time frame >5min.

Pairs:all

Indicators:

MACD (5,15,1)

DSSBressert (8,13)

RSIOMA II

Ribbon

Long Entry:

DSS Bressert Blue Arrow,

MACD>0,

RSIOMA cross up,

Ribbon is green.

Not to Entry if DSS or RSIOMA is in Overbought

Short Entry:

DSS Bressert Red Arrow,

MACD<0,

RSIOMA cross down,

Ribbon is Red.

Not to Entry if DSS or RSIOMA is in Oversold.

Exit Position:

When the dot of DSS changes color from red to blue to red or blue;

When the Rsioma Crosses in opposite direction;

When Ribbon Change colour.

For 5min chart we prefer when The RSIOMA crosses in opposite direction and Profit Target.

Stop lossfor 5 min chart is 3 pips below or above the entry point.

Profit Target for 5min chart is 8 pips for EUR/USD, 10 pips for GBP/USD and 6 pips for AUD/USD.