Forex Strategy OzFx
Forex Strategy OzFx in order to profit from 100 to 800 points or more works on the daily charts (D1), this interval is chosen because it is trading at dolgoroschnyh timeframes actually garazdo easier, because rules of technical analysis on which works better and faster, and besides, you will not want to sit around the monitor all day.
The strategy forex OzFx:
- Open daily chart (D1) for a currency pair EURJPY (though this forex strategy works on other currency pairs, and if you can try to apply it to other time periods) Place a chart on
- indicator Bill Willam's Accelerator Oscillator (AC)
- superimpose on the LED indicator AC Stochastic (Stochastic Oscillator) with setting 5,3,3 (if you do not know how to do it - you can download the template for Metatrader 4 at the end of the strategy)
All forex indicators are present in standard trading platform MT4
conclusion of the transaction on the forex strategy OzFx:
Sale: Red AC crossed the zero line downwards, Stochastic is below 0.
Purchase: AC Green crossed upwards the zero line, Stochastic is above 0.
Out of the trading transactions perform at the opposite signal, or by following the rules of money management:
assume that you are trading 5 lots (with a smaller deposit, you can choose lots of 0.5 or 0.05 for example a lot, or trade with five lots on Cent account ), a safety stop-loss set at 100 points from the entrance to market.
1), Lot 1 a distance of 50 items from the entrance and move stop loss to breakeven (ie zero).
2), Lot 2 at a distance of 100 points.
3) on Lot 3 at 150 points.
4), Lot 4 for a distance of 200 points.
And then hold a trading position, Lot 5 as long as you get the opposite signal to the entrance to the market.
In this strategy, forex risk reward ratio of 1:1, (but can grow in the direction of profit, depending on how you close the 5th lot). But since we trade on the D1 chart, where the entries into the market is much more reliable than the intraday charts, the ratio of risk to profit still growing in our direction.
Forex Trading Strategy OzFx davolno simple and it's another big plus is that it works fine on most currency pairs and also in the CFD on U.S. stocks.
Use this strategy at your own risk. Forex-Utility.com not responsible for any damages that may result to you when using any strategy, presented on the site. It is not recommended to use this strategy on a live account, without testing it to start a demo account.