Trading with RSX and Murrey Math

[zappolo]

Hi, I would like to share my trading strategy.
I use it with GBPJPY, USDCHF and GBPUSD. With the other pairs it's not well performing.

I use these indicators:

- 5 SMA
- 50 EMA
- Murrey Math Levels
- RSX
- MA of RSX
- Final Draft 3 Semafor Alert

You can find them attached to this post.

5 SME and 50 EMA are used only to spot support/resistance levels where we can have a change in the trend.
RSX is used to identify overbought/oversold situations (using 80 levels). The same fo Final Draft 3 Semafor Alert.

The used timeframe is 4H. Beware of other timeframes, because they are not well performing.
When you have an overbought/oversold situation with RSX, a signal from Final Draft 3 look for the nearest Murrey Math Level to go short/long.

Attached you'll find some picture to understand how this works.

ATTENTION --> To use this system you must take care of money management. We use 4h timeframe, so you could have some drawdown. I use this simple system:

LOTS = EQUITY / 10.000

For example with an equity of 1.000$ I will go short/long with 0.1 lots.

You can find me here on this thread or on MY BLOG, or, if you are Italian, SUL MIO BLOG.

[zappolo]

Another picture of EURUSD

[zappolo]

As you can see on my Blo both GBPJPY and EURUSD are going down to TP.
By now I'll start to post and explain my new trades.

[zappolo]

I stick to my calls....GJ and EU are topping....
patience (and a good money management) is the key...

[zappolo]

Ok, EU seems ready to go to TP...

[thesnapdragon]

Hi, it appears that your link to the MML multi option file above is not working. I found a good link at http://www.ds4y.com/MML_Multi_Option_v1.mq4 . Thanks to Grath at forexfactory dot com.

[zappolo]

GJ is still stalling....I'm patiently waiting for it's fall....

[zappolo]

Long usdchf, tp 1.1280

[zappolo]

A fast update on GJ and UC...

[longman]

Thank you very much for your sharering. I am following you. Keep going on please!