Major pairs like the EUR/USD and the GBP/USD.
1. 55 Smoothed Moving Average (SMMA) – set to High price.
2. 55 Smoothed Moving Average (SMMA) – set to Low price.
3. 55 period Williams’ Percent Range (%R) – levels set at -25 and -75 values.
4. Stochastic Oscillator – %K period = 5, Slowing = 5, %D period = 5, Price field = Low/High, MA method = Simple, with levels at 20 and 80 (default).
This system can help you spot some of the best entries possible. Moreover, it gives you the advantage of trading with any timeframe that you want.