The "Range" trading strategy

This strategy is based on the readings of 4 moving averages and RSI, which allows us to have a powerful signal about a start of a trend and follow it. In essence, the strategy suits best for intraday trading, but a position may remain opened for a few days if the trend is powerful enough.
Recommended time-frames: М15, М30, Н1. When using the M15 time-frame, you'd better not keep your positions opened overnight or enter the market as there will be more false signals.
Trading system configuration:

1. 16- and 30-period red EMAs
   
2. 12-period green WMA
   
3. 5-period black WMA
   
4. 19-period RSI with a line at 50.
   

Two red moving averages form a range that signals about the start and the end of the trend line. Two weighted averages indicate market entry and exit points. A position should be opened when the range is narrow or when its borders intersect.

Buy
Open a trade once 5- and 12-period WMAs have intersected the range formed by the red moving averages from below. If the 5-period WMA crossed the red lines long before this moment, we have a powerful signal to buy.
[You must be registered and logged in to see this image.]

A trade should be closed once the 5-period black WMA has crossed the red moving average.

Sell

Open a trade once both WMAs have crossed the range formed by the red EMAs from above. If the 5-period WMA crossed the red lines long before this moment, we have a powerful signal to sell. At the same time, RSI must be located below the line at 50.
[You must be registered and logged in to see this image.]

A trade should be closed once the 5-period black WMA has crossed the red moving average.