This trading strategy is quite simple, but requires a trader an important quality - a rigid discipline.If you bring that same discipline, you can receive more than 20 pips a day.
This strategy is an indicator, so we use a simple moving average signals: for the H1 and M15 - SMA (20), M5 - SMA (200). In addition, to confirm the signals used indicator of RSI (14) with a level of 50, as well as an indicator Stochastic (10, 3, 3) and some others for the installation of protective orders.
Market: Forex;
Currency pairs: any;
Timeframe: M5, M15, H1;
Forex indicators: SMA, Stochastics, RSI, Bollinger Bands;
Strategy: Short-term;
Protective orders: StopLoss.
Rules of the trading strategy
If the hourly chart price chart is an indicator of the SMA (20), then the position is favorable for the buy. In this case, you need to move to the M15 and M5 to find a successful entry into position. Similar actions for the transaction to sell.
To confirm the signal using an indicator RSI (14) regarding the level of 50.
Aims and stop-loss set by the methods that are more familiar and comfortable for you (for example, Fibonacci levels and Pitchfork). To analyze the situation on the timeframes of M15 and M5 use candlestick analysis: if you see a short candle or candles with narrows the range, it means that now the period of low volatility, and is decrease in momentum. If the situation is reversed, the actions are opposite.
In addition, for those who prefer to work with the Bollinger Bands are encouraged to use it instead of moving averages. They automatically give us the SMA (20). Range compression allows low volatility. Often, after compression can be seen a long candle - bullish or bearish swallowed - where you can enter into a transaction (just look at the situation with respect to prices SMA (20) on the hourly chart).
Additions to the trading strategy
- Most long candles at the beginning of the trend say about his power, but in the end - of the possibility of termination.
- Can not open transaction on a reversal candle, if the indicator Stochastic is outside the critical lines (25 below, 75 above).Wait until it grows (or decrease). Its direction should be similar to the direction of RSI.
An example of a bargain
Below are two of the transaction according to the rules, a profit of 25 points. Look carefully at the long spark, compression, and the position of Stochastics at the opening. At first, it is recommended to use a profit of 10 points, and gradually, with experience, it increased.
This strategy is an indicator, so we use a simple moving average signals: for the H1 and M15 - SMA (20), M5 - SMA (200). In addition, to confirm the signals used indicator of RSI (14) with a level of 50, as well as an indicator Stochastic (10, 3, 3) and some others for the installation of protective orders.
Market: Forex;
Currency pairs: any;
Timeframe: M5, M15, H1;
Forex indicators: SMA, Stochastics, RSI, Bollinger Bands;
Strategy: Short-term;
Protective orders: StopLoss.
Rules of the trading strategy
If the hourly chart price chart is an indicator of the SMA (20), then the position is favorable for the buy. In this case, you need to move to the M15 and M5 to find a successful entry into position. Similar actions for the transaction to sell.
To confirm the signal using an indicator RSI (14) regarding the level of 50.
Aims and stop-loss set by the methods that are more familiar and comfortable for you (for example, Fibonacci levels and Pitchfork). To analyze the situation on the timeframes of M15 and M5 use candlestick analysis: if you see a short candle or candles with narrows the range, it means that now the period of low volatility, and is decrease in momentum. If the situation is reversed, the actions are opposite.
In addition, for those who prefer to work with the Bollinger Bands are encouraged to use it instead of moving averages. They automatically give us the SMA (20). Range compression allows low volatility. Often, after compression can be seen a long candle - bullish or bearish swallowed - where you can enter into a transaction (just look at the situation with respect to prices SMA (20) on the hourly chart).
Additions to the trading strategy
- Most long candles at the beginning of the trend say about his power, but in the end - of the possibility of termination.
- Can not open transaction on a reversal candle, if the indicator Stochastic is outside the critical lines (25 below, 75 above).Wait until it grows (or decrease). Its direction should be similar to the direction of RSI.
An example of a bargain
Below are two of the transaction according to the rules, a profit of 25 points. Look carefully at the long spark, compression, and the position of Stochastics at the opening. At first, it is recommended to use a profit of 10 points, and gradually, with experience, it increased.
2 comments:
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