Originally Posted by TKimble

Here is my trading strategy which is great for people who work full time but want to build a very lucrative part time trading addiction into full time profession from the comforts of their job:

1. 30 Min chart

2. 5 Period SMA

3. 45 RSI

4. 21 Average True Range (This is a volatility metrics to help determine lot size)

5. Use a 50 PIP stop.

Very simple. Long when the price exceeds the SMA by 5 PIPS for the first time and the RSI is greater than 50. Short when the price fall below the SMA by 5 pips for the first time and the RSI is less than 50. My target for this system is always 200 PIPs.

The ATR is used to determine lot size. There is a formula which I will share with you later. Lot size or Money Management is by far the most important concept to trading.

I only trade the GBP/UDS pair because I love the trends and volatility. This system is 100% mechanical and must be followed blindly.

I hate fundamentals (which I refer to as funny-mentals) because it leaves too much to the imagination and emotions. I am a pure technical devotee and would not know how to change.