The Dragon Fly

These are the indicators that the dragon fly system uses:

• MACD (5, 15, 1)
• DSSBressert (8, 13)
• RSIOMA II
• Ribbon

For LONG entry:

• DSS Bressert blue arrow,
• MACD must be greater than 0
• RSIOMA must cross up,
• Ribbon is green.

*Do not open position when DSS or RSIOMA is in Overbought.

For SHORT entry:

• DSS Bressert red arrow,
• MACD must be less than 0.
• RSIOMA must cross down,
• Ribbon is Red.

*Do not open position when DSS or RSIOMA is in Oversold.

Rules on when to exit position:

• When the dot of DSS changes color from red to blue to red or blue;
• When the Rsioma Crosses in opposite direction;
• When Ribbon Change color.

For 5 min chart we prefer when The RSIOMA crosses in opposite direction and take profit.

Stop loss in a 5 min chart should be 3 pips below or above the entry point.

Target profit in a 5 minute timeframe for EURUSD is 8 pips, 10 pips for GBPUSD and 6 pips for AUDUSD.

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