TimeFrame: Any
Currency: Any
In this system, We use the following components:
1. 5-period Exponential Moving Average (EMA 5) applied to the Close.
2. 12-period Exponential Moving Average (EMA 12) applied to the Close.
3. 21-period RSI (RSI 21)
4. Bullish/Bearish Engulfing Pattern, Hammer, Inverted Hammer candlestick patterns.
Entry Rules for LONG Trades
Two conditions must be fulfilled:
1. EMA 5 crosses EMA 12 to the upside… AND our RSI 21 > 50.
2. We’ve got confirming candlestick pattern: Either Bullish Engulfing Pattern or
Hammer.
Entry Rules for SHORT Trades
Two conditions must be fulfilled:
1. Enter short when EMA 5 crosses EMA 12 to the downside AND RSI 21 is less
than 50.
2. We’ve got confirming candlestick pattern: Either Bearish Engulfing Pattern or
Inverted Hammer.
Clickable!
Azim X Trading System
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Stop Loss:
For long trades, stop loss should be placed at the nearest support.
For short trades, stop loss should be placed at the nearest resistance.
Exit Rules for Long Trades:
Exit the trade when EMA 5 crosses back below EMA 12 Or RSI 21 < 50.
Or when price stalls at major resistance, trendline, pivot points, Fibonacci projection target.
Or when bearish engulfing patterns or inverted hammer patterns form.
Exit Rules for Short Trades:
Exit our short trade when EMA 5 crosses above EMA 12 Or RSI 21 > 50
Or when price stalls at major support, trendline, pivot points, Fibonacci projection target.
Or when bullish engulfing patterns or hammer patterns form.
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