HILO for GBPJPY
Forex Strategy HILO for GBPJPY
Forex Strategy HILO for GBPJPY - a fairly simple trading strategy for four hours (H4) interval based on the 3 moving averages and trend indicator ADX;
On the schedule for GBPJPY (H4) to set the following indicators forex:
1) Exponential moving average EMA (8) - the color red.
2) Simple Moving Average SMA (21), applied to the High - the color blue.
3) A simple moving average SMA (21), applied to the Low - color blue.
4) Indicator Average Directional Movement Index ( ADX (14)) - the color green, + DI (blue),-DI (red). Just to set the level of 15.
conditions for the conclusion of transactions on sale of forex strategy HILO on GBPJPY:
Short transaction open if EMA (8) crosses the SMA (21) Low cvverh down, with the candle closes below the SMA (21) and the ADX is directed upwards and is above 15, and crossed-DI + DI and thus is also located above Level 15. To enter the market should the first candle after the closing and opening the next.
Stop-Loss at the entrance to the sale must be set above 10 points SMA (21) Low. And upon further movement of the price - it is how you must "hold" at a distance of 10 points from a given SMA. You can also treylingovat position at a distance of 100-150 points on the price.
Out of position occurs at a stop - a trade or the trailing stop.
Stop-losses in the forex strategy certainly happen, but nonetheless profits from movements made many times the damages received.
conditions for transactions on purchases of forex strategy HILO on GBPJPY:
Long trade is opened, if the EMA (8) crosses the SMA (21) High from the bottom up, with a candle closes above the SMA (21) and the ADX is directed upwards and is above 15, and the + DI crossed-DI and thus also above level 15 . To enter the market should the first candle after the closing and opening the next.