Rapid
Cash Accumulator is price actio trading systesm created by Nicola
Delic. This trading system is based on supprt and resistance filtered
by momentum indicators.
Rapid
cash Accumulator work on all currency pairs.
Time
frame 5 min, 15 mim, 30 min, 60 min, the best results are on 5 min
and 15 min time frame.
Rapid
Cash Accumulator System uses 6 indicators. This system uses 50 EMA
for determining the trend. When price is above 50 EMA, the candles
are colored green and when the price is below 50 EMA, the candles are
red. The Colored
Candles indicator implements
this. Just by looking at the chart, you will know whether the trend
is up/down or sideways.
SupRes
indicator is the support and resistance finder. Support and
resistance is a very powerful concept. If you are a professional
trader, you should know the power of S/R. This SupRes indicator looks
for potential support/resistance levels and paints the support as
pink and resistance as green dots. The purpose of this SupRes
indicator is to find breakout trades. Breakout trading is very
profitable if you can do it right.
Next
indicator is the Daily Pivot Points Indicator. It paints the daily
pivot level and the daily support 1, support 2, support 2 levels as
well as resistance 1, resistance 2 and resistance 3 levels. This
Pivot Points Indicator updates the levels at the end of New York
Market Session. Support 3/Resistance 3 are two levels that give you a
rough idea how much the price can move in a day. If you find the
price close to Support 3/Resistance 3 levels or above it, just skip
the trade.
The
Direction Indicator checks the trend on H4 timeframe. When it finds
the trend up, it prints trade bullish setups and when it finds trend
down, it prints trade bearish setups. The Direction Indicator gives
you the direction in which you should be trading on M5/M15 timeframe.
StoRSI and Histogram indicators StoRSI indicator uses a modified RSI
and Stochastic formulas. For a long trade you should
look for StoRSI to go above 65 levels and for a short
trade you should look for StoRSI to go below 35 level. In
case of the Histogram, look for green bars when going long and look
for red bars when going short. For the buy trade you should look for
the following conditions:
- The Direction Indicator should show BULLISH TRADE SETUP.
- You should look for a breakout on SupRes Indicator green resistance dots.
- Histogram should be green.
- StoRSI must be above 65.
When
these conditions are met, don’t wait for the candle to close. Open
a long trade. Place the stop loss just below the nearest support.
Take profit should be 2 times the stop loss giving a Reward/Risk of
2:1.
Now
below are the rules for the sell trade:
- The Direction Indicator should show TRADE BEARISH SETUP.
- Wait for the price to break below the SupRes indicator red support lines.
- Histogram should be red
- StoRSI should be below 35.
When
these conditions are met, open a sell trade immediately without
waiting for the candle to close. Place the stop loss above the most
recent resistance and take profit should be two times the stop loss
giving a Reward/Risk ratio of 2:1. When there is a high impact
Economic News Release, stop trading 15 minutes before the news
release and wait 15 minutes after the news release before you can
start trading again. This system works best on 15 minute timeframe.
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