Forex Strategy on the 4 indicators - Multicurrency and quite informative strategy, which is based on the signals the following indicators forex : Aroon Up & Down, T3_MACO, ADX and 3-MA: EMA (5), EMA (50) and WMA (20) . For trade suit all timeframes.
Algorithm trading strategy
On the schedule for the chosen currency pair, you must install the following forex indicators:
1) Exponential Moving Average - EMA (5) - red.
2) moving average of Linear Weighted - WMA (20) - the color blue.
3) Indicator Aroon Up & Down with the levels of 40 and 80.
4) Indicator T3_MACO.
5) Indicator ADX (14).
6) Also to determine the direction of the main trend we recommend installing EMA (50) - green oily.
The deal to buy is at the opening of the next bar, when two main conditions:
First of all you need to pay attention to the indicator EMA (50): If the selected time frame price is above the moving average, you can enter into transactions for the purchase, if lower, then up for sale.
2.Moving Average EMA (5) crossed the middle WMA (20) from the bottom up - the main signal for the transaction.
To reduce the number of false signals using a filter signals for a deal to buy (also fulfill their required):
3.Line indicator Aroon Up & Down must cross in the opening direction of the transaction (the blue line crossed the red bottom-up), this should occur within two candles after crossing the middle EMA (5) and WMA (20).It is desirable that the intersection was in the range 40 - 80.
4.Indicator T3_MACO must cross a zero level from the bottom up within two candles after crossing the moving average EMA (5) and WMA (20).
5.Also required is a line crossing indicator ADX : the blue line crosses the red + DI-DI from the bottom up (and very good, if also green). And again, should be considered a limit of 2 candles after crossing the middle.
To open transactions on the sale should be applied opposite conditions.
Install protective orders in the strategy
Stop-loss should be set for a local minimum or maximum (depending on the direction of trade). After achieving profits of 20-30 points, it should be rearranged to zero, you can also use a trailing stop (step choose depending on the volatility of the chosen currency pair).
Take-profit or not installed, and the output is on the stop-trade (stop loss in the profit zone), or installed on your desire to change the critical levels or measure on the Fibonacci extension (eg 161.8%).
It is also possible to exit after the return signals to the market.
Download indicator Aroon_Up_Down.mq4 | Download indicator T3_MACO.mq4 | Template trading strategy
Algorithm trading strategy
On the schedule for the chosen currency pair, you must install the following forex indicators:
1) Exponential Moving Average - EMA (5) - red.
2) moving average of Linear Weighted - WMA (20) - the color blue.
3) Indicator Aroon Up & Down with the levels of 40 and 80.
4) Indicator T3_MACO.
5) Indicator ADX (14).
6) Also to determine the direction of the main trend we recommend installing EMA (50) - green oily.
The deal to buy is at the opening of the next bar, when two main conditions:
First of all you need to pay attention to the indicator EMA (50): If the selected time frame price is above the moving average, you can enter into transactions for the purchase, if lower, then up for sale.
2.Moving Average EMA (5) crossed the middle WMA (20) from the bottom up - the main signal for the transaction.
To reduce the number of false signals using a filter signals for a deal to buy (also fulfill their required):
3.Line indicator Aroon Up & Down must cross in the opening direction of the transaction (the blue line crossed the red bottom-up), this should occur within two candles after crossing the middle EMA (5) and WMA (20).It is desirable that the intersection was in the range 40 - 80.
4.Indicator T3_MACO must cross a zero level from the bottom up within two candles after crossing the moving average EMA (5) and WMA (20).
5.Also required is a line crossing indicator ADX : the blue line crosses the red + DI-DI from the bottom up (and very good, if also green). And again, should be considered a limit of 2 candles after crossing the middle.
Install protective orders in the strategy
Stop-loss should be set for a local minimum or maximum (depending on the direction of trade). After achieving profits of 20-30 points, it should be rearranged to zero, you can also use a trailing stop (step choose depending on the volatility of the chosen currency pair).
Take-profit or not installed, and the output is on the stop-trade (stop loss in the profit zone), or installed on your desire to change the critical levels or measure on the Fibonacci extension (eg 161.8%).
It is also possible to exit after the return signals to the market.
Download indicator Aroon_Up_Down.mq4 | Download indicator T3_MACO.mq4 | Template trading strategy
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