BGX system trading strategy

BGX is short name of BunnyGirl Trading Cros Framework, BunnyGirl is as a username who had ever been active in trader community forum such as Moneytec.com and StrategyBuilderFX.com. Bunnygirl explained this system in very detail and easy to be used in forex trading. And this strategy was proofed much help traders success in trading.

Best time to use this system is between 14.00 WIB - 24.00 WIB, when Europe market open and us market open.

Things to support this system such as:
-Timeframe 30 Minute use candlestick chart or bar chart type
-Indicator use WMA-5(Blue) , WMA-20(Orange) and WMA-100(Green), in the previous post sidus system have explained how to set this indicator.
-Indikator RSI-14 (default).

Setting these indicators on Marketiva account:
After login on marketiva account then you should see main chart bellow and set these above indicators.
BGX system strategy



1. Timeframe 30 Minute and candlestick chart or bar chart
-Right click on main chart will appear context menu find 'timescale' then select '30 Minutes' then chart will appear shows all (Open,Close,High,Low) update every 30 minutes.

-Right click again on main chart find "style" and select 'Candlestick chart' or 'Bar chart' its up to you. and chart will changes as you want.

2.WMA-5(Blue) WMA-20(Orange) and WMA-100(Green)
-Right click on main chart find 'indicators' chose 'Moving Average' then will appear tab at right fill type option to Weighted (WMA=Weightening Moving Average).
-Change default period column to 5 then click line color chose Blue color. click ok and now you have WMA-5 (Blue color).

-Do the same for WMA-20(Orange) and WMA-100(Green). Now you have WMA-5,WMA-20 and WMA-100.

3.Indicator RSi-14
-Right click on main chart find 'indicators' select "Relative Strenght Index (RSI)" fill 'period' column to 14. then save the chart to save just right click on chart select 'Save Chart' fill the name as you want.



Application of this strategy system :
-WMA-5(Blue) as price market follower.
-WMA-20(orange) as confrmation entry signal.
-WMA-100(Green) as daily trend indentification.

Prepared to take Buy position if:
-WMA-5 crosses up WMA-20 from bottom to top
-WMA-5 and WMA-20 placed above WMA-100
-RSI on above 50 (middle line)
-Do entry Buy position if the current price placed on 30 point through above WMA-5 and WMA-20 cross point.

Prepared to take Sell position if:
-WMA-5 crosses WMA-20 from top to bottom
-WMA-5 and WMA-20 placed under WMA-100
-RSI value under 50
-Do entry Sell position if current price has 30 point under WMA-5 and WMA-20 cross point.

Target point 30 pips and stop loss -5 from WMA-5 and WMA-20 cross point.

Example trading:
when WMA-5 and crosses up through WMA-20 at price 1.2530 and RSI 14 value shown above 50, take prepared to get Buy position, then take Buy position after price 30 pips move above 1.2530 (1.2530+0.0030(30 pip))is 1.2560 and put stoploss at 1.2525, 1.25.30-0.0005, under cross point.

Use demo account for practise.