FOREX Magic shift
Forex Strategy Magic shift
Forex Strategy Magic shift - another very, very simple vehicle, which at first glance do not understand how can bring at least some income as the basis of all only on the testimony of one indicator - Accelerator Oscillator, shifted in time ... But nevertheless the fact remains - the strategy of working and not only brings a steady income and very good (the report of the expert advisor to the look of forex strategy at the end)!
traded instruments: EURUSD, the time period: H4
On the schedule set indicator: Accelerator Oscillator (built-in Metatrader 4 - AC Bill Williams)
Terms and Conditions of forex strategy Magic shift:
Conclude a deal only when you open a new H4 candle , looking at the Accelerator Oscillator 61 bar back. That is, the transaction must be the reverse signal with a 61-bar back:
1) opens a long position for the purchase of after the closing of 61 th and at the opening of the 62nd bar when the indicator value on the Accelerator Oscillator specified in the option bar is negative,
2) short for sale, after the closing of 61 th and at the opening of the 62nd bar when the indicator value on the Accelerator Oscillator specified in the option bar positive.
should always be open only one position, or you are long or short trade deal.
When the reverse sign of the indicator has changed Accelerator Oscillator - open a reverse transaction.
Stop-loss and no belay warrant such a limit order in the forex strategy is not installed ... WARNING - if it conflict with your trading rules - do not trade on the strategy ! ! !
Take-profits forex strategy at Magic shift, so do not set!
1) For the safety net of deposit, the position of the signal bar (in this case 61 th) must from time to time (about 1 every 3 months) double-check, just in case he suddenly, for some reason, stop working or will become, for example, a 61-m and 59-m or 63 m (this is possible, but not necessarily).
2) It is possible to trade forex on the strategy and on other currency pairs, but for them the position of the bar is not much different. The exact value yet, but for the pound-dollar it is about the 59th, for the pound-yen - about the 64th. (These values ??are not yet accurate - are being tested ...)
3) of this strategy is written and optimized adviser Magic_shift. It has additional filters and settings, does not change the essence of this TRADING SYSTEM, but would help reduce drawdown and increase the profitability of the strategy Magic shift!