Payapa Forex Trading Strategy - Daytrading strategies

 

The Payapa Forex Trading Strategy uses RSI and 5 EMAs with different settings.

We use levels at the RSI to find out overbought and oversold.
We predict the direction of prices with 5 EMAs.
We do BUY when all EMAs are at level 10 of RSI, and turn up.
We do SELL when all EMAs are at level 90 from RSI, and turn down.
Be careful when the 200 EMA is at level 50, because prices can bounce up or down.

RSI Settings:
RSI Period = 1
Color = Black
Level = 10, 30, 40, 50, 60, 70, 90.

MA Settings:
1. EMA 5 = Red
2. EMA 8 = Yellow
3. EMA 13 = Green
4. EMA 21 = Blue
5. EMA 200 = Purple.

Practice on a demo account first before using a real account.