Bunny Girl System use is the famous one in forex online trader, her system has been used by many trader in forex online trader. This is her setup:
Chart Setup
· 30 minute, candlestick
· WMA 5
· WMA 20
· WMA 100
· RSI 14
Go Long
· WMA5 Crosses above WMA20
· WMA5 and WMA20 above WMA100
· RSI signals divergence or is above 50
Go Short
· WMA5 Crosses below WMA20
· WMA5 and WMA20 below WMA100
· RSI signals divergence or is below 50
Filters
· Use a filter to eliminate frequent stops and catch the trend at the right time
· EURUSD: 25 points plus the bid/ask spread
· Other recommended pairs: 30 points plus the bid/ask spread
· These filters can and do change
· Cancel the trade if the filter price has not been reached before 5 minutes remaining on
the 30 minute bar.
· Filters on other pairs can be determined (see "Advanced Topics")
Orders
· If bull cross, place a buy stop order at the filter+spread.
· If a bear cross, place a sell stop order at the filter+spread.
· When the filter price is reached and the order engaged, place a stop loss at about the original crossing. (Can goas much as pips away on the other side of the crossing.)
Stop Loss
· 5 pips beyond the cross (or bounce) price
Trading Around Daily Open
Daily Open = open price at 00:00 GMT. Make sure there is room enough for profit targets between filter (entry) price and daily open. If the cross is on one side of the daily open and the filter is on the other, than this is OK to trade. Additionally, the best signal to receive is when multiple pairs are crossing at the same time.
Chart Setup
· 30 minute, candlestick
· WMA 5
· WMA 20
· WMA 100
· RSI 14
Go Long
· WMA5 Crosses above WMA20
· WMA5 and WMA20 above WMA100
· RSI signals divergence or is above 50
Go Short
· WMA5 Crosses below WMA20
· WMA5 and WMA20 below WMA100
· RSI signals divergence or is below 50
Filters
· Use a filter to eliminate frequent stops and catch the trend at the right time
· EURUSD: 25 points plus the bid/ask spread
· Other recommended pairs: 30 points plus the bid/ask spread
· These filters can and do change
· Cancel the trade if the filter price has not been reached before 5 minutes remaining on
the 30 minute bar.
· Filters on other pairs can be determined (see "Advanced Topics")
Orders
· If bull cross, place a buy stop order at the filter+spread.
· If a bear cross, place a sell stop order at the filter+spread.
· When the filter price is reached and the order engaged, place a stop loss at about the original crossing. (Can goas much as pips away on the other side of the crossing.)
Stop Loss
· 5 pips beyond the cross (or bounce) price
Trading Around Daily Open
Daily Open = open price at 00:00 GMT. Make sure there is room enough for profit targets between filter (entry) price and daily open. If the cross is on one side of the daily open and the filter is on the other, than this is OK to trade. Additionally, the best signal to receive is when multiple pairs are crossing at the same time.
