The Dragon Fly Trading System
- Time Frame 5min but Work any time frame >5min.
- MACD (5,15,1)
- DSSBressert (8,13)
- RSIOMA II
- 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 loss for 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.
In the pictures the Dragon Fly in action.
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The Dragon Fly: