on 4 indicators
Forex Strategy on 4 indicators
Forex Strategy on 4 indicators - multi-currency and quite informative forex strategy that is based on the following indicators Forex Signals: Aroon Up & Down, T3_MACO, ADX, and 3 - MA x 5 EMA, 50 EMA and 20 WMA. To fit all trading time frames.
On the schedule for the chosen currency pair, you must set the following indicators forex:
1) Exponential Moving Average - EMA 5 - color red.
2) the moving average of Linear Weighted - WMA 20 - the color blue.
3) Indicator Aroon Up & Down. mq4 - you can download it at the end of this forex strategy. Just to set the levels of 40 and 80.
4) Indicator T3_MACO.mq4 - you can download at the end of this forex strategy.
5) Indicator ADX (14)
6) Just to determine the direction of the main trend recommend installing the EMA (50) - green fat.
opening trade on forex strategy on 4 indicators.
The deal is to buy at the opening of the next bar, if the following conditions:
1. First of all you need to pay attention to EMA (50) - if the selected time frame price is above it - you can make deals to buy below it - on sale!
2. Moving Average EMA (5) crossed the middle WMA (20) bottom-up - the main signal for the transaction.
The following are filtering the signals for the transaction (execute them as necessary):
3. Line indicator Aroon Up & Down also crossed in the opening direction of the transaction (blue line crossed the red bottom-up) - but the prerequisite is the intersection must occur within 2 to candles - one candle after crossing the middle EMA (5) and WMA (20) . At this intersection must occur DESIRABLE in the range 40 - 80, but not necessarily.
4. Forex Indicator T3_MACO just has to cross its zero level up within 2 to candles - one candle after crossing the moving average EMA (5) and WMA (20).
5. It is also required is the intersection of the indicator lines ADX: the blue line crosses the red + DI-DI from the bottom up (and very good if just and green). And again, to consider the limits of 2 candles before - a candle after crossing the middle.
to open transactions on sale - to apply the reverse conditions.
Stop-Loss should be set for a local minimum or maximum (depending on the direction of trade). After reaching a profit of 20-30 points - it should be rearranged to zero - it is possible to 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 a stop-trade (stop loss in the profit zone), or installed on your desire to perepesi important levels or measured from the Fibonacci extension (eg 161.8%). Just vozvozhen out after the return signals to the market.