弹跳点 (The Bouncing Pip)

Hi everyone.

I present to you a system called "The Bouncing Pip"

This is a system that was originally developed by BigBear, so full credit to him, but I have slightly modified it. This system can be used on any pair.

Basically, the system is very simple. Using MT4, open up 3 charts on 3 different timeframes, namely M30, H1, H4.

Download the indicators, and apply the template attached to all three charts.

Take a look at the picture, that is what you should be seeing.

ENTRY:

For Sell: When the ZigZag Arrow (Red) and ZigZag Line meet at the same candle, AND the RSI is above 90, then go short.

For Buy: When the ZigZag Arrow (Green) and ZigZag line meet at the same candle, AND the RSI is below 10, then go long.

Make sure you see these entry conditions on all 3 timeframes before trading.

EXIT:

Stop Loss is at the high or low of the candle on the H4 chart. Take Profit is when you see an opposing ZigZag Arrow and ZigZag Line appear on the same candle on ANY of the 3 timeframes.

I look forward to your comments. Suggestions and feedback are welcome.