RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT - Amazon S3 · RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT ... developed by J. Welles Wilder, Jr. which he describes in his book

RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT

Trading any financial market involves risk. This report and all and any of its contents are neither a solicitation nor

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Nicola Delic Double Helix System

www.elliottwavedna.com 3

Welcome to

The Double Helix System

In this special report you will learn how to trade another one of my most

powerful trading systems.

This is a system that I developed and traded on a wide variety of

accounts and it has proven to be a genuinely profitable trading system

capable of delivering spectacular returns.

It uses 2 EMAs and 2 RSI indicators, to get very reliable confirmations for

entries.

This system is easy to use and implement, so it will be suitable for both

beginners and experts in Forex trading since it’s very reliable and most

importantly, consistent.

It can be used on any currency pair or timeframe and as long as you

follow the rules, you should gain profits.



System Components

The Double Helix system uses just two indicators that every platform

already has pre-installed. The first indicator is the Relative Strength Index

(RSI), and the second is the Moving Averages indicator (MA).

What is RSI?

The Relative Strength Index (RSI) is a popular momentum oscillator

developed by J. Welles Wilder, Jr. which he describes in his book New

Concepts in Technical Trading Systems.

RSI is one of the most popular technical indicators among traders, since it

can help to determine overbought and oversold price levels as well as

generate buy and sell signals.

The indicator does this by comparing the price action over a certain period

of time – usually 14 periods – that enables the indicator to show if the

price became unusually high or low.

Therefore, it can be used to determine when the trend might start

reversing.

Using the RSI

The RSI is useful for traders looking to time their entries and exits from

the markets, so they can maximize profits ahead of a rise or fall in price.

The RSI is a versatile tool, it can be used to:

Generate buy and sell signals

Show overbought and oversold conditions

Confirm price movement

Warn of potential price reversals through divergence



Using the 30 and 70 levels to see overbought and

oversold conditions

When the RSI line begins to approach the 30 level, it is likely that the

downtrend is ending. When the RSI line begins to approach the 70 level,

it is likely that the uptrend is ending.

It is only when the RSI begins to approach the 30 or 70 level that traders

really pay attention. This marks the points where the asset is becoming

overbought or oversold.

When the line is above 70, an uptrend is likely to come to an end.

This is shown on the chart below:



When the line is below 30, a downtrend is likely to come to an end.

This is shown on the chart below:

Please bear in mind that the RSI alone is usually not enough to determine

the trend reversal. It indicates a potential reversal. However it’s best to

pair it with another indicator or strategy for confirmation. That’s where for

instance, divergence comes into play.



Double RSI for double precision

Although RSI is a fantastic indicator by itself, I’ve discovered that pairing

two of them together produces much more reliable results.

We will be using the following settings:

1st RSI: 7 Periods

2nd RSI: 13 periods

Important:

To get a valid signal, BOTH RSI indicators must show divergence.

How to apply RSI onto your chart:

1. From the menu: Go to Insert -> Indicators -> Oscillators ->

Relative Strength Index.

2. From the Navigator window (if it’s not open, go to View ->

Navigator Window or press CRTL + N), expand the Indicators

section and either double-click on RSI or click and drag it onto your

chart.

Once you’ve applied the indicator onto your chart, you will be prompted

with the Properties window. For the first instance of RSI enter 7 for the

RSI Period parameter and for the second instance of RSI enter 13 for the

RSI Period parameter.



RSI 7 Parameters:

RSI 13 Parameters:



Divergence

Divergence is simply a disagreement between price and indicator

movements.

On the chart below we can see that GBP/USD shows a high and a higher

high, and on the RSI we have a high and a lower high. This is a basic

example of divergence that suggests a potential push lower soon.



On the AUD/CAD chart image below we see a good example of divergence

that appears in a bearish trend. While price moves down and forms a low

and a lower low, the RSI formed a low and higher low.



Moving Averages

Moving Averages smooth the collected price data from a given instrument

and form a line on the chart. Traders call the MA a trend-following

indicator. The most important thing to understand is that MA really does

not predict the future price direction. The MA’s main purpose is to define

the current trend direction with a little bit of a lag. Of course this lag is

more than normal because we are using data from history and plotting it

on the chart.

The two most popular versions of the MA indicators are the EMA

(Exponential Moving Average) and the SMA (Simple Moving Average).

You can see below what the SMA and EMA would look like on a chart/

In our system we will use 2 EMAs, the first one will be an EMA 13 and the

second an EMA 21.

On the chart above we can see the 13 EMA as a green line and the 21

EMA as an orange line. We watch for when these two EMAs cross each

other (marked with the 5 squares on the chart at places where such a

crossover occurred). Further on in this report you’ll get to understand why

you need to watch these on your chart.



How to apply an EMA onto your chart:

From the menu, go to Insert -> Indicators -> Trend -> Moving Average.

Once you’ve applied the Moving Average onto your chart, you will be

prompted with the Properties window.

Settings for the EMA 13:

Period: 13

Shift: 0

MA Method: Exponential

Apply to: Close

Style: Green

Settings for the EMA 21:

Period: 21

Shift: 0

MA Method: Exponential

Apply to: Close

Style: Orange



Buy and Sell Trade Rules

Here are the rules for identifying and entering Buy trades using the

Double Helix system, followed by a few examples to help you grasp the

rules. All conditions must be met before any trades may be considered.

Buy Trade Rules

1. The current trend of the instrument you want to trade needs to be

bearish. 2. Wait to spot divergence on BOTH RSI indicators.

3. Wait for the 13 EMA indicator to cross above the 21 EMA indicator. 4. If all of the above conditions have been met, proceed to enter the

market with a Buy trade right after the EMA crosses. 5. Place your Stop Loss at the most recent Swing Low.

6. Place your Take Profit the same number of pips away from your entry as your Stop Loss (1:1 Risk/Reward Ratio).

The rules for identifying and entering Sell trades using the Double Helix

system are simply the reverse of those for Buy trades.

Sell Trade Rules

1. The current trend of the instrument you want to trade needs to be bullish.

2. Wait to spot divergence on BOTH RSI indicators. 3. Wait for the 13 EMA indicator to cross below the 21 EMA indicator.

4. If all of the above conditions have been met, proceed to enter the market with a Sell trade right after EMA crosses.

5. Place your Stop Loss at the most recent Swing High.

6. Place your Take Profit the same number of pips away from your entry as your Stop Loss (1:1 Risk/Reward Ratio).



Buy Trade Example

The first example that we can look at is the EUR/USD which you can see

on the image below. The price was moving lower in the first half of the

session and after that we spotted divergence (I marked divergence with

points 1, 2 and 3).

After that, we needed to wait for the 13 and 21 EMAs to cross each other

so we could start buying this pair. At the cross we entered a long position.

This point is marked as 4 on chart.

For our Stop Loss we use the most recent swing low, so we place the stop

loss at the lowest point of divergence (marked 5 on chart), and we use a

measurement of the same amount of pips for our Target point (marked

6).



Sell Trade Example

For the Sell example we are going to look at the CHF/JPY pair on the 1H

time frame. We can see that for a few days this JPY cross has been

trading upwards, and we finally see divergence (I marked divergence with

points 1, 2 and 3 on the chart below).

The next stage is to wait for the EMA crossover before selling this pair.

After 3 candles we got that crossover and then took a short position (this

entry is marked 4 on chart).

For the Stop Loss we use the most recent swing high, so we place the

stop loss at the highest point of divergence (marked 5 on chart) and we

use the same amount of pips for our Target point (marked 6).



Buy Trade Example

On the image below you can see that at points 1, 2 and 3 we have

divergence on both RSI indicators. So we wait for a potential long

position.

A crossover happened quite rapidly. I marked this point with a 4 on the

chart above. This is the point at which we would enter a long position.

For the Stop Loss we use the most recent swing low, so we place the stop

loss at the lowest point of divergence (marked 5 on the chart) and we are


We managed to get a nice profit before the end of the week.



Sell Trade Example

Let’s take a look at another Sell trade. On the chart below you can see

that the EURO has been moving higher and we notice divergence and that

is a sign that we can start looking for sell positions (divergence showed at

points 1, 2 and 3).

Again we would wait for a crossover of the two EMA’s, and we enter a

short position at point 4.

For the Stop Loss we use the most recent swing high, so we place the

stop loss at the highest point of divergence (marked 5 on chart) and we




Conclusion

I would like to share a few powerful tips that will help you get the most

out of trading the Elliott Wave DNA system and give you the very best

results.

The system can be applied to all timeframes and currency pairs with equal

success but I personally prefer to trade it on the following pairs as they

tend to perform the best for me.

It might be different for you and that’s all right, but I’m sure you’re

curious to know the pairs that I trade, so here they are: EUR/USD,

GBP/USD, USD/CHF, USD/JPY, AUD/USD, USD/CAD, EUR/JPY and

GBP/JPY.

Tighten your Stop Losses around High Impact News Releases or avoid

trading at least 15 minutes before and after these events.

I have also found that the best results can be achieved on the 15 minute

timeframe for day trading and the 1 hour timeframe for swing traders.

This system has served me very well and I know that you will enjoy

trading it too. If you can follow the rules and these simple guidelines you

are well on your way to success as a trader.

I wish you the very best in all your trading endeavors.

Documents

RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT - Amazon S3 · RISK DISCLOSURE STATEMENT / DISCLAIMER AGREEMENT ... developed by J. Welles Wilder, Jr. which he describes in his book