FOREX Kijun-Sen Bandit
Forex Strategy Kijun-Sen Bandit
Forex Strategy Kijun-Sen Bandit includes 6 indicators forex and it is well suited for the major currency pairs: EURUSD, GBPUSD, USDJPY and USDCHF, and if desired, may be extended to other currency pairs, trading is in the range of H1.
Used forex indicators:
1) Forex Indicator Kijun-Sen (26,9) - a key indicator in the forex strategy, because it enables the point of equilibrium in the market. If he knocked the price to one side - a sign of change of momentum in the market price.
2) Exponential Moving Average EMA (8) - red and EMA (24) - blue.
3) Forex Indicator BBands_Stop_v1 - based on Bollinger Bands. It allows you to determine the levels vystavlneniya stop-loss and signals a trend change in the market.
4) trend indicator forex ADX (14) with levels 20, 30 and 40.
5) Forex Indicator - MACD (12,26,9).
6) Stochastic Oscillator - Stochastic (30,10,10), to be placed on Forex Indicator MACD. It is used to confirm trading signals - determine whether the price of the overbought and oversold (the intersection with the levels of 20 and 80).
trading position to buy is opened, if the following conditions:
1) Price rose above the indicator line Kijun-Sen (yellow line)
2) Red EMA (8) crosses the blue EMA (24) from the bottom up.
3) Indicator BBands_Stop_v1 draws a big red dot in the price (then converted into line with dots).
4) line ADX and + DI line should raspolagaetsya above their grade level 20 and growing.
5) A histogram of the MACD indicator is located on the positive side (above its zero line).
1st a safety stop-loss should be set higher by 1-2 ticks level indicator forex BBands_Stop_v1. And then it should be carry forwards prices above the following points traced the same indicator (BBands_Stop_v1).
Rules out of the trading position of forex strategy "Kijun-Sen Bandit"
Close the deal should be in any of the 2 cases:
1) Candle closed on the opposite side of the indicator Kijun Sen .
2) Reverse the intersection of 2 exponential moving averages.
for opening and closing on the sale of acting opposite rules .
Update: after the price is 20-30 points in the direction of trade position - the stop loss should be moved to breakeven. And also, if you wish, you can close part of the position.