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3 Bar Buy / Low Set Up

Forex Strategy 3 Bar Buy / Low Set Up

Forex Strategy 3 Bar Buy / Low Set Up is a classic strategy of following the trend, based on candlestick analysis and determining the trend of the most popular forex inidikatoram:

1) exponential moving average with a period of 50 - EMA 50
3) Indicator ADX (14), should also set the level of 25, + DX - green,-DX - red.

rules for the opening transaction for the purchase of forex strategy 3 Bar Buy / Low Set Up:

forex strategy

1) First you must determine that the market is in an uptrend. To do so price is above EMA 50 , as well as an indicator ADX must be above its level 25 and + DI crossed-DI upwards .

2) Next, wait until the corrective movement. A necessary condition for entering the market - the formation of 3 in series of descending candles, which have lower minimums. The last of these 3 candles called signalnoy candle ".

3) After the formation of signaling candles, set aside an order to buy (BuyStop) by 2-3 points above the high of that candle.

4) Initial safety stop-loss set to 2-3 points below the minimum Signal candles.

5) take profit set to this position or for a maximum of the prior trend.
It is also possible to obtain greater profits 50% to close the deal on perepesi hai previous trend movement, and the rest arrived accompanied by trawl (trailing stop - the value and step depends on the currency pair and valotilnosti time interval) or close at the intersection of the lines DX ADX indicator in reverse order.

rules for opening a deal to sell (Sell) on forex strategy 3 Bar Buy / Low Set Up:

1) First you must determine that the market is in a downtrend. To do so price was lower than the average EMA 50 , as well as an indicator ADX must be above a level of 25 and-DI + DI crossed the bottom-up .

2) Next, wait until the corrective movement. A necessary condition for entering the market - the formation of 3 in series of ascending candles, which have higher highs. The last of these 3 candles called signalnoy candles .

3) After the formation of signaling candles, set a pending order for sale (SellStop) by 2-3 points below the low of that candle.

4) Initial safety stop-loss set at 2-3 points higher than the maximum Signal candles.

5) take profit for this position or at least set the prior trend.
It is also possible to obtain greater profits 50% to close the deal on perepesi low the previous trend movement, and the rest of the profits treylingovat or close at the intersection of lines DX ADX indicator in reverse order .

Example of Business forex strategy 3 Bar Buy / Low Set Up :

A Strategy for forex '3 Bar Buy / Low Set Up '

As a result of the transaction 1 and 2 were shut down after crossing the line DX in reverse order with a profit of 340 and 260 points.

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