DOWNLOAD Top Bottom Trading System with Step MA and WPRSI Signal – This is a trend momentum trading system with also a filter of key support and resistance.
The purpose of this trading system is find the simplicity of the trading with clear signals.
WPRSI is a indicator based on RSI and %Williams.
Step MA is a simple trend indicator based on Moving Average.
In this system, we use FPS and CCI as trend filter indicators.
The bottom and top indicator is a price action tool that determines the direction when the price bounces on support (go up) or on the Top go down).
- TimeFrames: 15 min or higher
- Currency Pairs: All Majors pairs
- FXTP DBL Top Bottom
- WPRSI signal 27 period, filter up 10, filter down 10
- Step MA
- MA Buzzer
- FPS Trend period 14 (for 15 min, 30 mim and 60 min time frame, 240 min 13 period, daily 12 period)
- WPRSI signal BUY arrow (blue color)
- Step MA blue color
- MA Buzzer bule color
- FPS trend blue bar
- CCI line upward and above +55
- Price action bounces on the support/bottom line (FXTP DBL Top Bottom indicator)
- WPRSI signal SELL arrow (red color)
- Step MA red color
- MA Buzzer red color
- FPS trend red bar
- CCI line downward and below -55
- Price action bounces on the resistance/top line (FXTP DBL Top Bottom indicator)
- Initial stop loss on the previous swing low for BUY and swing high for SELL
- The Risk Reward Ratio (RRR) = 1:2 or 1:3