Russ Horn prepared a new interesting product - Rapid Results Method and some information for us. Today he is giving away an interesting simple system called Forex Power Pro. Besides this he is not only offering this system to anyone interested but also recorded a webinar where he explains in details what is all that about and how to use that.
Let's take a look at the system:
- uses H1 timeframe on major currencies like EurUsd, GbuUsd, and some JPY pairs if you like
- for the entries there are 2 EMAs of the same period but applied to different prices. 20 Exponential Moving Average, first one applied to the high and the 2nd one applied to the low
- for the trailing stop are also 2 EMAs of the same period but applied to different prices. 10 Exponential Moving Average, first one applied to the high and the 2nd one applied to the low
- additional entry indicators are Relative Strength Index (RSI) with period 10 and with special levels of 45 and 55, as well as a small trick to apply a 10 Simple Moving Average to it. If you do not know how to do that download the system here or watch the webinar for full details on how to do that.
Also to give you an insight how all this looks on a chart here
As you can see the chart is not crowded and could be very easy to use. Also on this system there is a great money management on how to improve your profits. There is not need to open other trades with more lot sizes, all you need to do is just follow the details from their report.
If you used with success the system feel free to post here your results or feedback