Forex White Ladder
Forex Strategy White Ladder
Forex Strategy White Ladder is used to trade in the direction of the main trend and is mainly based on medium-and finding trading signals overbought oversold or, with further shopping at the lows and sell on the market highs .
Forex strategy is suitable for trading on any time-frames and for any Dealing centers , but you should always remember that a decrease in the time scale may lead to increased noise in the market. currency pair may also be any .
And so to trade forex strategy "White Ladder", it is necessary for the selected schedule, set the following indicators forex:
1. Simple Moving Average SMA (50)
2. Simple Moving Average SMA (200)
3. Forex Indicator William% R (14) - you can download it at the end of the forex strategy
4. Indicator MACD , but it is better MACD-combo (standard settings)
rules for the opening of trading positions for the purchase of forex strategy "White Ladder":
1) Transactions are opened only when the moving averages the 50 SMA and 200 SMA straight up. Beware of fletovyh markets.
2) Trading signal is generated as soon as the Williams% R indicator refers either to go below -80.
3) Histogram MACD (MACD) has until the signal from the Williams% R to be below zero and go up from the bottom (ie, the intersection means), to confirm the fact that the price has already formed a bottom.
Place a pending order buy stop at a point above the maximum of the last candle with a stop-loss orders at the lowest low of the past few candles. And waiting for the order open for a buy stop. Either enter the market with hand digging the next candle.
4) Exit mainly carried out after 7.3 bars, the profit target (take profit) at the same time should be 2-3 times greater than accepted risk (stop-loss, which must be installed under the local minimum). Very well when trading this strategy to take advantage of trailing stop .
For trading positions for sale - use inverse rules.
This trading technique provides excellent levels of traders entering the market with stiff stop-loss and well-defined settings.
download forex indicator for Metatrader 4: William% R . mq4