FOREX AshFX Daily
Forex Strategy AshFX Daily
Forex Strategy AshFX Daily - enough exact , but at the same time very simple trading strategy to trade on the daily range (D1) and on any currency pairs - to trade forex indicators, the following:
- Forex Indicator PSAR (0,03; 0,2) - Parabolic Stop and Reverse
- Oscillator AC (Accelerator Oscillator)
- oscillator AO (Awesome Oscillator)
- Forex Indicator Stochastics (5,3,3).
These indicators are present in any forex trading platform Metatrader 4 , and at the end of this forex strategy you can download the template for MT4.
transactions on the forex strategy at day interval are not so often, so the strategy "AshFX Daily" in the main place for those traders FOREX, which relate to trade more seriously and prefer to trade less frequently, but profitable, or those who do not have all day to be a computer screen.
Entering the market of forex strategy AshFX Daily:
a deal to sell:
As soon as you notice first point indicator PSAR closed the day over a candle, and the LED will be red AO, and AC indicator is also red, and the stochastic lines cross down, but the not below 50 and daily candle closes bearish candle - then only if all of these conditions open trading position is up for sale . An important feature - where the entry takes place only at the close of trading candle (or the opening of the next daily candle).
Conclusion of a deal to buy:
As soon as you notice FIRST PSAR indicator point for the daily candle and the LED will be green AB, AC indicator will also be green, and the lines intersect Stochastic up, but not above 50, and the daily candle closes bullish candle, it is only after these conditions should be all open trading position to buy . An important feature - The entry should be made only at the closing day candles (or the opening of the next daily candle).
exit from the market of forex strategy AshFX Daily:
Initial safety stop-loss should be set at maximum or minimum signal day candles (ie the daily maximum for a trading position for sale and low of the day for trading positions on purchase).
to lock in profits through open trade deal used 2 methods , which is desirable to use a combination.
1st) The amount of take-profit (TP) is equal to the amount of the safety stop-loss. That is, if your safety stop-loss of 100 points, therefore you close half of the trading positions when the price came to 100 points. And after that should be moved to safety stop-loss position for the remaining half to breakeven (ie, "zero ").
2nd) 2nd half of the open trading positions should be closed as soon as the oscillator SA will change its color to its opposite. So, if you had a deal in the long side, then profit by its second half is, as the only indicator AB changes its color from green to red. If you made a deal in the short side, the profit for its second half is, as the only indicator AB changes its color from red to green. The deal must be made at the closing day candles.
Two options transactions on the forex strategy "AshFX Daily" «second freshness»:
Sometimes there are situations that are not performing all the conditions for opening a trading position, but you can still make deals.
A) You can open bargain for sale , if the line oscillator Stochastic crossed under its line of 50 (but above its level 20). Similarly, are allowed to open a trading position Mr. apokupku if stochastics crossed above their grade level 50 (but below level 80).
B) you still can open a trading position for sale in the presence of all the above conditions, but if this indicator does not give the corresponding AO trading signal. In this case it is likely that the signal from the SA appears in the next few day candles. Respectively, are also allowed to open a trading position to buy with no trade signal from the oscillator AO.
For these cases, "the second freshness" - if we make a short trading positions, the starting safety stop-loss is at the peak of the vibrational motion, and as soon as you see a profit on the transaction equal to: a maximum of the previous day candles - closing price of the candle, then a safety stop-loss order is moved to breakeven (at zero) and the first half of the trading position is closed. Similarly, to open long positions, a safety stop-loss order is placed at the swing low, and the first half of the open trading positions should be closed, if you notice a profit equal to: the closure of the previous day candles - the minimum price the previous day candles.
addition to the terms of trade:
Note that it does not matter in what sequence to enter the trading signals: ie, AO and AC indicators may change color at a later day the candles after the first point will be an indicator PSAR, or alternatively apply a trading signal before the appearance of a given point on the chart.
In addition, you should still pay attention to the important support and resistance levels on the market. Using these important levels to help you make your decisions when trading is much more reasonable, especially when exiting the market.