The Dragon Fly Trading System
Time Frame 5min but Work any time frame >5min.
DSS Bressert Blue Arrow,
RSIOMA cross up,
Ribbon is green.
Not to Entry if DSS or RSIOMA is in Overbought
DSS Bressert Red Arrow,
RSIOMA cross down,
Ribbon is Red.
Not to Entry if DSS or RSIOMA is in Oversold.
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.