My FX Trading System

A trading system is essential for success in the market. A trading system should accomplish 3 things.

1) It should provide you with entry and exit signals.
2) It should help you trade without emotions (yes, this is quite difficult)
3) It should be something you've tested, tried and believe in.

My trading system:

The set of indicators I use are:

• Bollingerbands implemented w/ Fibonacci ratios, .618 Fiboband primarily
• MAC/D with the settings of 8,21,5
• RSI 14
• Slow Stochastics 10,3,3
• Moving averages 13,21

My trading rules are as follows:
Go long if:

1. MA are in a fresh positive cross
2. MAC/D is below 0 and crossed upwards
3. RSI is not in overbought zone
4. Stochastics coming out of oversold zone

Go short on the reverse of the above conditions.

I also give myself scalping opportunities with much smaller lots but I will get into scalping later on.