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Strategy "Scalping with use of Parabolic SAR + CCI

Recommended timeframes M1

This strategy is based on Parabolic Sar and Commodities Channel Index indicators. That's an impulse
scalping strategy founded on the current price trend.
Tools: EURUSD, AUDUSD, GBPUSD.
ime-frames: M1, M5.
Indicators:
1. EMA50 on M1 time-frame
2. EMA21 on M5 time-frame
3. CCI (45).
4. Parabolic Sar (0.02, 0.2)

Long positions should be opened when the point of the Parabolic Sar indicator is located above the EMA's
line and the value of the CCI indicator is more than 100.
Short positions should be opened when the point of the Parabolic Sar indicator is located below the EMA's
line and the value of the CCI indicator is less than 100.
Exit point:
Target: EURUSD (7-12 points), AUDUSD (5-8 points), GBPUSD (7-15 points).
Stop Loss level should be placed at the EMA level.

Buy
Sell
Scalping system 10 points
Recommended timeframes M1

This trading strategy is used on the chart with the period M1. We add MACD Oscillator with the settings
(13, 26 and 9) and Stochastic Oscillator the settings (5, 3 and 3), which will be used as indicators. The best
time periods for trading with the use of this strategy is European and American sessions. It is preferable to
choose currency pairs with the medium or high volatility (currency pair of the Major group are quite
suitable).
After adjusting the chart and adding required indicators, follow the instructions below to open trading
positions:

The following conditions can be used as a signal for opening long positions:
- the lines of MACD histogram are in the positive zone above the zero level;
- after the decline below the level 20, Stochastic Oscillator (the line % or %D) has risen above this level.
Stop loss is set at the distance of one point below the nearest local high.
Take profit is set at the level of 10 points from the opening price.

Fig. 1
A candlestick, which is marked on the chart with the period M1 meets the requirements for opening long
positions (Fig1).
The following conditions can be used as a signal for opening short positions:
- the lines of MACD histogram are in the negative zone below the zero level;
- after the rise above the level 80 in the overbought zone, Stochastic Oscillator (the line % or %D) fell
below this level.
Stop loss is set at the distance of one point above the nearest local high.
Take profit is set at the level of 10 points from the opening price.

Fig. 2
A candlestick, which is marked on the chart with the period M1 meets the requirements for opening short
positions (Fig2).
Strategy with the use of Bollinger Bands indicator for the currency pair GBP/JPY
Recommended timeframes M1

This strategy is based on the use of the technical indicator Bollinger bands with different periods of
deviation in the settings on the chart with the period M1 for the currency pair GBP/JPY. The best trading
time period with the use of this strategy is London, European or American session. Choose deviation of 2, 3
and 4 for each band in the settings of the indicator.

As soon as the chart is set for the trading position, we will follow the following instructions:
The conditions described below and shown on Fig.1 will act as a signal to open long positions (Fig 1):
- The price has reached the bottom line of the indicator with the deviation 2 (red line of the indicator on
the fig.), or the price is traded between the lines of the indicator with the deviation of 2 and 3 (red and blue
lines on the fig.)
Stop Loss is set 2 points below the nearest low of price or upon your own discretion.
Take Profit is set 15 points above the opening price or upon your own discretion.

Fig.1 On the chart with the period M1 marked signals for opening long positions satisfy the conditions of the
trading strategy

The conditions described below and shown on Fig.2 will act as a signal to open short positions (Fig 2):
- The price has reached the upper line of the indicator with the deviation 2 (red line of the indicator on the
fig.), or the price is traded between the upper lines of the indicator with the deviation of 2 and 3 (red and
blue lines on the fig.)
Stop Loss is set 2 points above the nearest high of price or upon your own discretion.
Take Profit is set 15 points below the opening price or upon your own discretion.
Fig.1 On the chart with the period M1 marked signals for opening short positions satisfy the conditions of
the trading strategy
Strategy based on news
Recommended timeframes M1

This article will describe a simple but effective strategy based on the most important macro-economic
news. For this strategy we will use pending orders Buy Stop and Sell Stop, where Stop Loss will be placed at
the short distance from the opening price level, while Take Profit - at the long distance from the opening
price; or orders can be closed manually.

The key factor of placing an order is the choice of the news, which will cause the strongest momentum in
the market. The most important news are subdivided into the following information groups
Non-farmPayrolls
Industrial Production
PPI
GDP
CPI
Unemployment
Consumer Confidence
Money Supply
Harmonized Index Customer Price (UK and Europe)
Trade Balance
Retail Sales
Current Account
Tankan
ISM (USA), PMI (Eurozone), CIPS (UK)
Michigan Sentiment Index
Beige Book
Chicago PMI Index

For this strategy we can choose those major pairs, for which the news will have the strongest impact,
triggering the highest movement in one of these pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCAD and
NZDUSD.

We shall compare the time in the news calendar with the time of the trade terms.
Next steps to follow: use timeframe M1 or M5.
2-3 minutes prior to the moment of issuing the news, place pending orders Buy Stop and Sell Stop at the
distance of the previous high and low of the price for the last 10-15 minutes; however they should not be
closer than 8 points from the current level of price. In order to minimize losses it is recommended to Stop
Loss at the level of 3-4 spreads from the current price of the currency pair. It is also advisable to place Take
Profit either at the level of 80-90 points or do not place it at all, but just follow the price movement.
The order will be activated at the moment of issuing the news; if the price does not reach Stop Loss, moving
in the favorable direction, we shall move stop-loss in the direction of the leap.
Scalping strategy with EMA
Recommended timeframes M1

Instruments: major Forex instruments with low spread such as EUR/USD, GBP/USD, AUD/USD, USD/CAD.
The number of instruments could vary and should be chosen depending on the spread offered by your
broker.
Timeframes: M1, M5.
There are three groups of indicators that are used in the strategy:
1. EMA with periods 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15 (pink colour);
2. EMA with periods 17, 19, 21, 23, 25, 27, 29, 31, 33, 35, 37, 39, 41 (blue colour);
3. EMA with periods 44, 47, 50, 53, 56, 59, 62, 65, 68, 71, 74 (green colour).

When to open long positions:


Buy when the pink EMA crosses over the green EMA from the top. Add to the long position when the price
touches the green or blue line and returns to the pink line.
When to open short positions:
Sell when the pink EMA crosses over the green EMA from the bottom. Add to the short position when the
price touches the green or blue line and returns to the pink line.

When to take profit:


On the M1 chart, take-profit is placed 5-7 points away from the entry level when opening an initial position,
and 4 points away when adding to the position. Stop loss is placed 12 points away from the entry level.
On the M5 chart, take-profit is placed 12-20 points away from the entry level when opening the initial
position, and 7 points away when adding to the position. Stop loss is placed 18 points away from the entry
level.
Strategy with the use of Oscillators CCI and MACD
Recommended timeframes M5

This simple strategy is based on rather strong signals of entry and exit points from the market. Two
oscillators: CCI and MACD in one window are used in this strategy. The best results are achieved with the
use of timeframes from M1 to H1.

Settings of the indicators:


MACD: Fast EMA - 12, slow EMA - 26, MACD SMA 2, applied to the closing price.
CCI: Period 14, applied to the closing price.
Do not forget that that we use two indicators in the same window; therefore, after setting of the first
indicator, the second indicator shall be moved, with the help of the mouse, from the window Navigator
to the window with the first indicator.

Lets consider an example of opening a BUY position (Pic. 1)


In order to open a buy position, the red line CCI should cross the line +100 from bottom to top, while the
indicator MACD shall be above the demarcation line 0. In order to close positions, the line CCI shall go back
to the level +100. However, the as practice shows it is better to close positions if the line CCI crosses MACD.

Pic. 1
How to open a SELL position (Pic. 2)
Open a sell position when the CCI red line crosses up the line-100 and the MACD indicator is below the
demarcation line 0. Close the position when the CCI line returns to the level -100 or crosses the MACD line.
Pic. 2
For carrying out a transaction you shall watch over terminal tracing the readings of the indicators, since this
option does not provide for a function of placing stop-loss or profit taking orders.
Strategy 3 candlesticks High-Low
Recommended timeframes M5

Instruments: EUR/USD, AUD/USD and GBP/USD


Timeframe: M5

Conditions for entering the market:


There should be three in a row either bullish or bearish candlesticks on the chart.
Stop loss:
Either High or Low level of the second candlestick
Take profit:
6 points for the pair EUR/USD;, 8 points for the pair AUD/USD; 10 points for the pair GBP/USD.
Strategy based on gaps
Recommended timeframes M5

This trading strategy is designed to work with CFD; however, we are going to apply it to the contract for
difference on shares of American International Group, Inc. (instrument AIG). For this strategy it is
preferable to choose time when the market is the most active; the best time to start trading is the moment
of opening of the American session.

Short or long positions can be opened upon the following conditions:


1. There was gap at the opening of the American session.
2. Gap was at least 10 points.
Take Profit: from 40 points.
Stop-Loss is set at the closing price of the previous day.

An example of opening a sell positions is shown on figure 1:

Fig 1
An example of opening a buy position is given on the figure 2:
Strategy Cutting Points
Recommended timeframes M5

We offer for your consideration one of the speculative strategies on the Forex market. This is a scalping
strategy and it is recommended to be used on the calm market when the price chart is moving in a
sideways channel. It is also worth noting that low spread and fast order execution are also necessary
conditions for the strategy to work.

Instruments: major instruments with low spread such as EUR/USD, GBP/USD, AUD/USD, USD/CAD
(instruments may vary depending on the spread offered by your broker).
Timeframe: M5.

Indicators used:
1. Bollinger Bands (20, 2);
2. ADX (14 period);
3. RSI (7 period).

When to buy:

1. The price is below or on the lower MA of Bollinger Bands;


2. The RSI is below the 30 mark;
3. The ADX is below the 30 mark;
4. Open long positions when the price returns above the lower MA of Bollinger Bands.
When to sell:

1. The price is on or above the upper MA of Bollinger Bands;


2. The RSI is above the 70 mark;
3. The ADX is below the 30 mark;
4. Open short positions when the price returns below the upper MA of Bollinger Bands.

When to exit:
1. TP on the middle MA of Bollinger Bands;
2. Quick TP 3-5 points away from the opening level;
3. SL 3 points above/below the lower/upper MA of Bollinger Bands.

It is not recommended to trade 30 mins prior to macroeconomic news releases. The condition that the RSI
> 70 or < 30 is not compulsory. The most important in this strategy is to determine the right moment for
trading when the price remains in the sideway range.
Strategy "ADX and Momentum"
Recommended timeframes M5

This is a classic trend-following strategy based on the ADX and Momentum indicators. The strategy is very
easy to understand and will suit experienced as well as novice traders.
Instruments: major pairs such as EUR/USD, GBP/USD, AUD/USD, USD/CAD.
Timeframe: M5.

Indicators used:
1. ADX (D+ and D- with the level of 25);
2. Momentum (14);
3. ParabolicSar (0.2-0.02).

When to buy:

1. ADX (14) is above 25, while D+ is above 25 and above D-;


2. Momentum (14) is above 100.
When to sell:

1. ADX (14) is above 25, while D- is above 25 and above D+;


2. Momentum (14) is below 100.

When to exit:
1. Stop-loss is 5-7 points away from the opening level;
2. Take profit is points 14-16 away from the opening level

As an additional filter, the EMA55 can be used. Thus, buy when the price is above the EMA55 and sell when
the price is below the EMA55.
Scalping strategy with CCI
Recommended timeframes M5

Trading pairs: the strategy fits all instruments.


Timeframe: M5 and higher.

Indicators:
200 CCI,
10 EMA (red)
21 EMA (blue),
50 EMA (green),
Pivot Levels.

When to open long positions:


200 CCI > 0
10 EMA > 21 and 50 EMA

When top open short positions:


200 CCI < 0
10 EMA < 21 and 50 EMA

When to exit:
Take Profit: at Pivot levels or after the 10 EMA and 21 EMA cross each other in the opposite direction.
Stop-loss: 12-15 points.
Buy:
Sell:
Heiken Ashi + ADX + Stochasti trading strategy
Recommended timeframes M5

Trading pairs: the strategy fits all instruments.


Timeframes: M5.

Indicators:
Heiken Ashi.
Stochastic (5, 3, 3),
ADX (14).

When to enter a long position.


The price of the instrument is above Heiken Ashi moving average while two Bullish candles in a row have
formed on the chart. At the same time, ADX indicator is at the inside level above 22 points and shows an
upward trend, and Stochastic is moving up.

When to enter a short position.


The price of the instrument is below Heiken Ashi moving average while two Bearish candles in a row have
formed on the chart. At the same time, ADX indicator is below 22 points and shows a downward trend, and
Stochastic is moving down.

When to exit.
Take Profit: 10-15 points. Stop-loss: 5-10 points. Close long positions after a 15 points rise in the price.
Close short positions after a 15 points fall in the price.
Strategy "The Range"
Recommended timeframes M15

This strategy is based on the readings of 4 moving averages and RSI, which allows us to have a powerful
signal about a start of a trend and follow it. In essence, the strategy suits best for intraday trading, but a
position may remain opened for a few days if the trend is powerful enough.

Recommended time-frames: 15, 30, 1. When using the M15 time-frame, you'd better not keep your
positions opened overnight or enter the market as there will be more false signals.
Trading system configuration:
1. 16- and 30-period red EMAs
2. 12-period green WMA
3. 5-period black WMA
4. 19-period RSI with a line at 50.
Two red moving averages form a range that signals about the start and the end of the trend line. Two
weighted averages indicate market entry and exit points. A position should be opened when the range is
narrow or when its borders intersect.

Buy
Open a trade once 5- and 12-period WMAs have intersected the range formed by the red moving averages
from below. If the 5-period WMA crossed the red lines long before this moment, we have a powerful signal
to buy.

A trade should be closed once the 5-period black WMA has crossed the red moving average.
Sell
Open a trade once both WMAs have crossed the range formed by the red EMAs from above. If the 5-period
WMA crossed the red lines long before this moment, we have a powerful signal to sell. At the same time,
RSI must be located below the line at 50.

A trade should be closed once the 5-period black WMA has crossed the red moving average.
Also, a trade should be closed if the range borders and red MAs have intersected or become too narrow:
it's a signal about a trend reversal.
Strategy based on BB, MACD, MA indicators
Recommended timeframes M15

The strategy described below is quite a simple strategy based on indicators. Three simple indicators
installed in all standard MT4 terminals underlie this strategy. It is applicable to all major currency pairs,
such as EUR/USD, GBP/USD, AUD/USD, CAD/USD, NZD/USD, and USD/JPY. The time-frame used: M15.

Underlying indicators:
1. Bollinger bands (Period 20, Shift 0, Deviation 2)
2. Smoothed moving average (Period 2, Shift 0)
3. MACD indicator (Fast EMA 11, Slow EMA 27, MACD SMA 4)

Conditions for opening Buy trades:

1. The moving average (displayed in orange in the pictures) crosses from below the middle line of
Bollinger Bands (displayed in green).
2. The MACD histogram is below the line.
Conditions for opening Sell trades:

1. The moving average (displayed in orange in the pictures) crosses from above the middle line of
Bollinger Bands (displayed in green).
2. The MACD histogram is above the line.

Conditions for closing trades:


1. Stop Loss at the distance of 12-16 points (depends on the type of pair)
2. Take Profit near pivot points, normally at the distance of 10-15 points from the opening level.
Strategy "One-Two"
Recommended timeframes M15

This strategy is a variation of reversion strategies based on the "Bollinger Bands" indicator. The strategy is
easy to master and uses a technical indicator pre-installed in any MT4 terminal. Therefore, standard
instruments are all that a trader needs. The strategy is applicable to all currency pairs, such as EUR/USD,
GBP/USD, AUD/USD, CAD/USD, NZD/USD, and USD/JPY. All popular time-frames may be applied: M15,
M30, H1, H4, and D1.

Indicators used:
1. Bollinger Bands (Period 20, Shift 0, Deviation 2) - the green lines on the chart
2. Bollinger Bands (Period 20, Shift 0, Deviation 2) - the orange lines on the chart

Conditions for opening "Buy" trades (Pic.1):


1. Wait till the price is located between the green and the orange lines. Mark this candle as "0".
2. Wait till 2 more candles are formed. If the closing prices of the candles "0" and "1" have been
higher than those of previous candles ("White" candles), open a Buy trade at the opening of the
candle.
Conditions for opening "Sell" trades:
1. Wait till the price is located between the green and the orange lines.
2. Wait till 2 more candles are formed. If the closing prices of the candles "0" and "1" have been lower
than those of previous candles ("Black" candles), open a Sell trade at the opening of the candle 2.
3.

Conditions for closing trades


1. Stop Loss at the distance of 5 points from High or Low of the candle 1.
2. Targets will vary according to the instrument and time-frame. For example: 60 points for
EUR/USDH4, 70 points for GBP/USDH4, 200 points for EUR/USDD1, 250 points for GBP/USDD1.
3. The price reaches the middle line of Bollinger Bands - the red one on the chart.
4. The trades may be also switched to the "no loss" mode once the chart has crossed the middle line
of the bands.
Strategy The right moment
Recommended timeframes M15

This strategy is easy to use, so it can help every beginner to perceive the market, get an understanding of
the overbought and oversold zones and learn to deal with them.

Required timeframe: 15, 1


When using this strategy you should take into account the overall state of the market and determine its
current state. As you know, the market can have upward or downward trends or it can be flat. So, this
strategy is designed for the sideways movement in the market; although it is not important to see the clear
boundaries, it is just sufficient if the price moves in both directions for at least a week. It will allow us to
open up to two transactions per day.
In this strategy both trend indicator and oscillators/flat indicators are used.

Setting of the indicators:


Bollinger Bands: period 20, deviation 2.
Williams Percent Range: period 25.
RSI: period 5.

Lets consider an example of opening a buy position.


In order to open a buy position you should wait for the moment when RSI and Williams will be in the
oversold zone. If RSI crosses the line 30, wait for the confirmation from Williams this indicator shall cross
the line 80. At this moment the price shall be around the bottom band of Bollinger. At this moment you can
open a position. Then, you should wait for the breakout of the middle band of Bollinger, as the price shall
steadily overcome this level. If the price starts to stall near the resistance level, you shall lock in profit. If
the price reaches the upper band of Bollinger, you should be ready to open the position, as soon as the
Williams indicator does not cross the level 20 from top to bottom. Thus, you will manage to catch the entire
bullish momentum.
Now, lets consider an example of opening a sell position.
In order to open a sell position you should wait for the moment when RSI and Williams will be in the
overbought zone. If RSI crosses the line 70, wait for the confirmation from Williams this indicator shall
cross the line 20. At this moment the price shall be around the upper band of Bollinger. At this moment you
can open a position. Then wait for the breakout of the middle band of the Bollinger; the price shall
overcome this level without any hesitations. If the average does not overcome support level, you shall
lock in the minimum profit. If the price reaches the upper band of Bollinger, be prepared to close the
position at the moment when Williams does not cross the level 80 from bottom to top. Thus, you will catch
the entire bearish trend.
Strategy "Volatility channel breakout"
Recommended timeframes M15

Trading pairs: all


Time-frame: from M15 and more

Indicators:
ATR (30) (Average True Range) with EMA 5 (5-period Exponential Moving Average )
ATR (14) (Average True Range) with EMA 4 (4-period Exponential Moving Average)
30 SMA High
30 SMA Low

Open long positions when the price has crossed both moving averages from below and ATR (30)>EMA5.
Open short positions: when the price has crossed both moving averages from above and ATR (30) > EMA5.
Stop Loss
When going long, place Stop Loss at the level of 30 SMA Low; when going short - at the level of 30 SMA
High.
Closing of trades
Close a trade if ATR (14) <EMA 4 or place Take Profit whose value will be 3 times more than the value of
Stop Loss.
Strategy "Alligator"
Recommended timeframes M15

This strategy is applicable to any currency pairs and based on a simple trend following principle "buy/sell".
To define entry and exit points, the standard Alligator indicator and 144-period Simple Moving Average
(SMA) are used. The chart time-frame is to be set at M15, but longer periods are admissible too.
The following rules should be respected when defining entry and exit points.

BUY trades shall be opened under the following conditions:


- the price is located above the SMA (144) (indication of a bullish trend)
- the green line of the Alligator indicator has crossed the red and blue lines from below.
- the red line of the Alligator indicator has crossed the blue line from below.
Stop Loss is to be placed 1 point lower than SMA 144 (all the time).
Long positions are to be closed once the green line of the Alligator indicator has crossed the red line from
above (indication of the trend reversal).

Pic. 1 In the picture we can see a chart on the M15 time-frame with the indication of entry and exit points
for a long position.
SELL trades shall be opened under the following conditions:
- the price is located below the SMA (144) (indication of a bearish trend)
- the green line of the Alligator indicator has crossed the red and blue lines from above.
- the red line of the Alligator indicator has crossed the blue line from above.
Stop Loss is to be placed 1 point higher than SMA 144 (all the time).
Short positions are to be closed once the green line of the Alligator indicator has crossed the red line from
below (indication of the trend reversal).

Pic. 2 In the picture we can see a chart on the M15 time-frame with the indication of entry and exit points
for a short position.
Strategy Momentum Forex Trading
Recommended timeframes M15

Instruments: All.
Timeframes: M15 and above.
Trading hours: London and New York trading sessions.

Indicators:
SMA 21 (simple moving average with the period 21),
SMA 11 (simple moving average with the period 11),
Momentum 30,
RSI 14.

Conditions required for opening long positions:


The indicator Momentum crosses the level 100 from bottom to top; SMA 11 is above SMA 21, while the
price is above the moving average lines.
Conditions required for opening short positions:
The indicator Momentum crosses the level 100 from top to bottom; SMA 11 is below SMA 21, while the
price is under the moving average lines.

Exit points:
Buy transaction shall be closed when RSI enters the overbought zone. Sell transaction shall be closed when
the indicator enters the oversold zone.
Strategy "Bollinger Bands and RSI
Recommended timeframes M15

Tools: any
Time frames: M15, M30
Indicators: RSI (11), Bollinger Bands (20;2)

Conditions for "buy" trades: the RSI value must be over 70 and the current price must be above the higher
Bollinger band.
Conditions for "sell" trades: the RSI value must be below 30 and the current price must be below the lower
Bollinger band.

Exit:
M15: EURUSD 15 points, GBPUSD 19 points.
M30: EURUSD 19 points, GBPUSD 25 points.
Stop Loss shall be placed 10 points higher or lower than the entry point.
Strategy Range GBP/JPY
Recommended timeframes M15

This strategy is applicable only to the currency pair GBP/JPY.

This strategy is based on trading at night time by way of placing pending orders. Therefore, this strategy
does not take too much time of a trader. You will need to know closing time of the American session and
opening time of the Asian session. Use the time indicated in your trading terminal. In the example below,
the terminal shows server time of the Company: GTM+2. In this case closing time of the American session
will be at 23:00, opening time of the Asian session is 2:00 terminal time.

In order to place an order we need to construct a rectangle in which horizontal lines will be the highs and
lows of the limited time period, while 23:00 and 02:00 will be shown as the vertical lines.

As soon as the rectangle is formed, it is necessary to place a pending order Sell Stop 2 points below the
lows and a pending order Buy Stop 2 points above the highs. Stop loss of each order will be at the distance
of the flat, which is the opening price of the opposite pending order. Take profit should be set at the
distance two times bigger than the distance to the stop-loss. Thus, we will comply with the rules of money
management.

After placing the orders and getting profit, it is preferable to place at least 10-15 points of stop-loss in the
breakeven zone.
After activation of one of the orders, the second order shall be also removed.

In case the range of the flat is over 70 points then, it is better not to trade on this day; it is also
recommended to refrain from trading if neither of the orders has been activated within 4 hours after
placing the orders.

If a transaction has not been closed with the help of stop-loss or take profit before the opening of the
American session, if should be closed at the current price.
Strategy Speculative
Recommended timeframes M15

In this strategy we will use two standard indicators to obtain the trading signals to buy or to sell.
Zigzag: we use standard settings, changing the Depth to 100.
RSI: settings remain unchanged with the period 14.
Timeframe: 15.

Trading instruments are EUR/USD or GBP/USD.


The level of T/P: 60-100 points.
The level of S/L: 15-20 points.

It is worth remembering: in case of S/L, we shall not open positions in this direction but wait for the
opposite signal, that is: if after the buy transaction the price goes down up to the Stop Loss, we will not
open any buy positions but will wait for the signal to sell.

Short positions can be opened when the indicator Zigzag reaches the upper point of the candlestick or
HIGH, while RSI will be in the overbought zone or above 70 (fig. 1).

Fig. 1
Long positions can be opened when the indicator Zigzag reaches the lowest point of the candlestick or the
LOW, while RSI will be in the oversold zone or below 30 (fig.2).

Fig. 2
Breaking of the Double Volatility Channel strategy
Recommended timeframes M15

Instruments: The strategy fits all instruments.


Timeframe: M15 and above.

Indicators:
1. RSI (11) Levels (35, 65);
2. 20 SMA High;
3. 20 SMA Low;
4. 5 SMA High;
5. 5 SMA Low.

When to open long positions:


If 5 SMA High line is above 20 SMA High and the RSI (11) is above 65, a long position can be opened.
When to open short positions:
If 5 SMA High line is below 20 SMA Low and the RSI (11) is below 35, a short position can be opened.
However, if the length of the opening bar is twice the length of the previous bar, positions should not be
opened.

Stop-loss: When opening long positions, stop-loss is placed at the level of 5 SMA Low. For short positions,
stop-loss is placed at 5 SMA High.

When to exit: For long positions, take profits when the RSI (11) falls below 65. For short positions, take
profits when the RSI (11) rises above 35.
Strategy "Intraday trading"
Recommended timeframes M30

This strategy is based on the use of two indicators: Williams Percent Range and Zig Zag. Trading operations
are usually carried out within a day.

The main trading instruments are EUR/USD or GBP/USD.


In order to receive signals we will need the following settings for the indicators:
Zig Zag: Depth (60), Deviation (5), Backstep (3)
Williams Percent Range: Period (80)

Recommended timeframe: M30.


The level of take profit: 40 points.
The level of stop-loss: 18 points.

Short positions should be opened when the indicator Williams Percent Range approaches the zero level,
while the Zig Zag reaches the higher price value, which will be the reversal and the signal to sell (Fig. 1).

Fig. 1
Long positions should be opened when the indicator Williams Percent Range approaches the level of (-100),
while the Zig Zag reaches the lower price value, which will be the reversal and the signal to buy (Fig. 2).

Fig. 2
Strategy Trading system CCI and EMA
Recommended timeframes M30

Instruments: All
Timeframes: M30 and above
Indicators:
EMA with the period 8;
EMA with the period 28;
Commodity Channel Index CCI with the period 30

Conditions for entering into transactions to:


Buy: 8EMA crosses 26EMA from bottom to top, the line CCI is above 0.
Sell: 8EMA crosses 26EMA from top to bottom, the line CCI is below 0.

Stop Loss:
For long positions: 20 points below the entry point.
For short positions: 10 points above the entry point.

Take profit:
Generally, it is at 50 points; it is also recommended to exit upon reaching the levels of support/resistance.
Strategy based on support and resistance levels
Recommended timeframes M30

This strategy implies the use of the DailyPivot_Ind2 indicator that helps us find the main support or
resistance level. The levels will be drawn automatically. The indicator is easy to find on the internet at no
cost.
The following currency pairs are recommended in this strategy: EURUSD or GBPUSD.

Period: M30.
Stop Loss: 20 points
Take Profit: 35 points
The Shift Hours parameter should be set at 3.
Open long positions once the price has broken the blue line or the resistance level from below, as shown in
pic.1

Pic. 1
Open short positions once the price has broken the blue line or the resistance level from above, as shown
in pic.2

Pic. 2
Strategy Parabolic SAR & Awesome
Recommended timeframes M30

Instruments: USD/CHF, EUR/USD.


Timeframe: M30

Indicators:
Parabolic SAR (0.01, 0.1);
EMA 5;
Awesome oscillator.

Conditions required for placing buy transactions (Fig. 1):


Parabolic SAR is below the current price, Awesome Oscillator gives green signal and is located above 0;
EMA is below the current price.

Fig. 1
Conditions required for placing sell transactions (Fig. 2):
Parabolic SAR is above the current price, Awesome Oscillator gives red and is located below 0; EMA is
above the current price.

Fig. 2

Exit from transactions:


USD/CHF Take profit: 50 points, Stop Loss: 18 points.
EUR/USD Take profit: 60 points, Stop Loss: 20 points.
Strategy with the use of support/resistance levels and oscillator
Recommended timeframes H1

Trading strategy with the use of support and resistance levels and the indicator MACD can be used for all
currency pairs.
Recommended timeframe H1.

The settings for MACD indicator are as follows: fast EMA 12, slow EMA 26 and MACD SMA 9.
First of all, we construct support and resistance levels for the selected currency pair on the chart. A
transaction can be opened after breakdown of the support or the resistance level provided that the
candlestick opens either above or below the level of support/resistance. If a candlestick opens above
resistance level, we open a buy transaction and likewise, when the candlestick opens below support level,
we open a sell position.

Fig. 1
Oscillator MACD is used to confirm a buy/sell signal. We shall trace the directivity of the lines of MACD
oscillator. If, at the time when the price breaks down resistance level at least two line of MACD histogram
will be directed upwards, we will get a buy signal and on the contrary, if at the time when the price breaks
down support level, at least two lines of the histogram will direct downwards, it gives us a sell signal.
The fig.2 clearly shows the entry point for the buy position in accordance the described conditions.
Strategy with the use of EMA and Awesome Oscillator
Recommended timeframes H1

This is a simple strategy with the use of two indicators, which can be applied for any currency pair on the
chart with the periods H1 or above. The basic concept of this strategy is to buy in the upward trend and sell
in the downtrend with the minimal risk.

First of all, add the following indicators on the chart:


- EMA (Exponential Moving Average) with the period 200;
- Awesome Oscillator with the default settings.

Buy transactions can be carried out under the following conditions:


- the price is above EMA 200 (uptrend signal);
- Histogram lines of the Awesome Oscillator are green and above the zero line in the positive zone.
Stop Loss is set at the distance of 5 points lower than the previous swing low. Take profit is set at the
distance, equal to the distance from Stop Loss to the current price in points, or it can be set at your own
discretion.

Fig. 1 On the chart with the period H1: highlighted candlestick meets the conditions for opening long
positions.
Sell transactions can be carried out under the following conditions:
- the price is below EMA 200 (downtrend signal);
- Histogram lines of the Awesome Oscillator are red and below the zero line in the negative zone.
Stop Loss is set at the distance of 5 points higher than the previous swing high. Take profit is set at the
distance, equal to the distance from Stop Loss to the current price in points, or it can be set at your own
discretion.

Fig. 2 On the chart with the period H1: highlighted candlestick meets the conditions for opening short
positions.
Strategy "MACD trend trading"
Recommended timeframes H1

Time-frame: 30 or 1
Currency pairs: GBPUSD, AUDUSD, EURUSD.

Parameters:
Moving Average 1: period 85, MA method - Linear Weighted, Apply to Low, Style (colour) red.
Moving Average 2: period 75, MA method - Linear Weighted, Apply to Low, Style (colour) red.
Moving Average 3: period 5, MA method - Linear Weighted, Apply to Low, Style (colour) yellow.
MACD indicator: Fast 15, slow - 26, MACD SMA - 1.

Conditions for opening "Sell" trades:


Open a position once the yellow MA 3 has crossed 2 red MAs from above, while the MACD indicator is
being located below the zero line.

Conditions for opening "Buy" trades:


Open a position once the yellow MA 3 has crossed 2 red MAs from below, while the MACD indicator is
being located above the zero line.
Stop Loss: no more than 10 points

Take Profit: varies according to the currency pair (see below)


GBPUSD: M30 - 20 points, H1 - 28 points
AUDUSD: M30 - 10 points, H1 - 15 points
EURUSD: M30 - 15 points, H1 - 20 points
Strategy with the use of Oscillators Parabolic SAR and Moving Average
Recommended timeframes H1

This is a very easy trading strategy, which helps to determine strong entry points to the market. In order to
use this strategy we will need only two indicators: Parabolic SAR and Moving Average.
This strategy is applicable on the hourly chart for the currency pairs EUR/USD and GBP/USD.

Setting of the indicators:


Parabolic SAR: step 0.1
Moving Average: three moving average Exponential should be installed with the periods 6, 11 and 34.

Opening of a sell position


The first signal is the intersection of the moving average lines in order to catch downtrend. Therefore, the
faster moving average lines EMA shall be below the slow lines. EMA6 is the lowest line, EMA 11 is slightly
higher and the line EMA 34 is the highest one.
The second signal is the location of the point SAR above the current candlestick, when the previous point
shall be below the candlestick.
After that we can open a sell position (Fig. 1).

Fig. 1
It is required to close position either when Parabolic SAR shows the first point below the candlestick, or if
the fast EMA6 is crossed by a slower EMA 11 (fig.1). It will allow us to isolate the noise of the market and
turn market movement in our direction; however, at the same time, potential risks at the price reversal will
also increase.
Opening of a buy position
The first signal is the intersection of three moving average lines, when the faster EMA will be above the
lower lines, which is the indication of the beginning of uptrend.

The second signal is the layout of the point of the indicator Parabolic SAR below the candlestick; the
previous position of the indicator was the reverse (Fig. 2).

Lets consider the second option of closing of a position.


Now, we shall close a position at the intersection of the fastest line EMA 6 with the line EMA 11 (Fig. 2).
So, we will be able to avoid much market noise and receive profit, which will be twice as large as at the
closing described in the option of opening a sell position.

Fig. 2
The combination of these two indicators gives good results. Also note that it is very easy to work with these
indicators. However, at the same time you should be present at the trading terminal, monitoring the
movement of the indicators, as it is not advisable to place take profit or stop loss.
Strategy with the use of the indicators Ichimoku and Awesome Oscillator
Recommended timeframes H1

This trading strategy gives a chance to gain profit when you open a position at the price reversal. The
reversal is determined with the help of the indicators Ichimoku Kinko Hyo and Awesome Oscillator. This
strategy works for all currency pairs. Choose H1 or a longer period as a timeframe.

After adjusting a chart and adding the required indicators for opening a trading positions, follow the
instructions below:

A signal for opening long positions will be the situation on the chart, which meets the following
conditions:
- the candlestick has closed above the line Senkou Span B of the indicator Ichimoku Kinko Hyo;
- histogram of Awesome oscillator is of the green color and is located above the zero level.

Buy transaction shall be conducted at the opening of the next candlestick after the fulfillment of the
following conditions:
Stop Loss is set 5 points lower than the nearest support level (swing low).
Take Profit is set at the distance, which is equal to the distance from the current price to Stop Loss, or at
the level of the nearest resistance level (swing low).

Fig. 1 The marked candlestick on the chart with the period H1 meets all requirements for opening long
positions.
A signal for opening short positions is the situation on the chart, which meets the following conditions:
- the candlestick has closed below the line Senkou Span B of the indicator Ichimoku Kinko Hyo;
- histogram of Awesome oscillator is of the red color and is located below the zero level.

Sell transaction shall be conducted at the opening of the next candlestick after the fulfillment of the
following conditions:
Stop Loss is set 5 points higher than the nearest resistance level (swing high).
Take Profit is set at the distance, which is equal to the distance from the current price to Stop Loss, or at
the level of the nearest support level (swing low).

Fig. 2 The marked candlestick on the chart with the period H1 meets all requirements for opening short
positions.
Strategy for trading in the flat market
Recommended timeframes H1

The strategy described below offers an easy and reliable method of earning money at the time when the
market moves sideways (flat market). Only two standard indicators are required for this strategy: moving
average lines and Bollinger bands. The advantage of this strategy is its absolute versatility, as it can be
applied to all trading instruments with the use of the time intervals above M30. The best results with the
use of this strategy can be achieved at the chart H1 with the major currency pairs.

The indicators used in this strategy:


1. Bollinger bands (Period 120, Shift 0, Deviation 1)
2. Bollinger bands (Period 120, Shift 0, Deviation 2)
3. Bollinger bands (Period 120, Shift 0, Deviation 3)
4. Exponential moving average (Period 4, Shift 0) Orange line on the chart.
5. Exponential moving average (Period 8, Shift 0) Red line on the chart.

Conditions required for a buy transactions (Fig.1):

Fig. 1
1. Bollinger bands are narrowing (the price oscillates in the horizontal range and trend is not clearly
determined.)
2. The price chart bounces from one of two bottom lines of the Bollinger bands (we do not consider
the bounces of the band that are the closest to the middle line.)
3. Conclude a buy transaction at the moment when the orange line crosses the red line from bottom
to top.
4. The best scenario is the situation when the price chart two times bounces from one of the lines
(see a figure above).
Conditions required for a sell transactions (Fig.2):

Fig.2
1. Bollinger bands are narrowing (the price oscillates in the horizontal range and trend is not clearly
determined.)
2. The price chart bounces from one of two upper lines of the Bollinger bands (we do not consider the
bounces of the bands that are the closest to the middle line.)
3. Conclude a sell transaction at the moment when the orange line crosses the red line from top to
bottom.
4. The best scenario is the situation when the price chart two times bounces from one of the lines
(see a figure above).

Conditions required for closing of the transactions


1. Stop Loss is set at the distance of 15 points from the entry point.
2. Take profit is set at the distance of 15-20 points from the entry point.
3. The price crosses the middle line of Bollinger bands indicator.
Strategy "Intraday movement trailing"
Recommended timeframes H1

Intraday movement trailing is one of the simplest and most efficient market strategies that implies making
profits from an intraday movement, which is often the main and integral one.
It's based on placing Buy Stop and Sell Stop pending orders at the distance that is easily calculated and
depends on the volatility on the previous day. The recommended currency pairs are EURUSD, GBPUSD,
USDJPY, AUDUSD, USDCAD, and NZDUSD.

The Buy Stop pending orders shall be placed at the following level: the day before's market closure price
+40% of the day before's candle movement.

Stop loss shall be placed 40 points below Buy Stop.

Sell Stop pending orders are placed the other way round: the day before's market closure price -40% of
the day before's candle movement.

Stop Loss is placed 40 points above the value of the pending order Sell Stop.

The principle of drawing is as shown in the picture:

Pic. 1

Please consider a very important moment: once one of the orders has been activated, the second one shall
be deleted. Also, both orders shall be deleted if none of them triggered during the day.

After covering the distance of 50 points, Stop Loss should be switched to a "loss-free" mode and trailed
until it triggers, or you should fix profits at the closing of a session.
Strategy 100 EMA on two timeframes
Recommended timeframes H1

Instruments: All
Timeframes: M15 or H1

Trading hours: London and New-Yorks trading sessions.


Indicators:
EMA: 100
EMA: 5

Conditions for opening long positions:


On the chart M15 the line EMA 5 crosses the line EMA 100 from bottom to top; on the chart H1 the line
EMA 5 is above EMA 100.

Conditions for opening short positions:


On the chart M15 the line EMA 5 crosses the line EMA 100 from top to bottom; on the chart H1 the line
EMA 5 is below EMA 100.

Stop Loss: 10 points or the previous price extremum.


Take profit: 30 points.
Strategy Three indicators
Recommended timeframes H1

The indicator Accelerator Oscillator demonstrates best forecasting performance on the basis of the news
bulletins. This quality of the indicator will help us to make profit using the strategy described below. The
main idea of the strategy of three indicators is to grasp changes in trend and use this moment to earn
money. Three simple indicators will help us to do it: the first one, which have already mentioned,
is Accelerator Oscillator, the other two are Awesome Oscillator and Parabolic SAR. The best result can be
achieved on the chart with the timeframe H1. The strategy is recommended for trading major currency
pairs.

Used indicators:
1. Parabolic SAP (hereinafter PSAR);
2. Awesome Oscillator (hereinafter AO);
3. Accelerator Oscillator (hereinafter AC).

Conditions for concluding buy transactions (Fig. 1):


1. PSAR is under the price chart;
2. Histogram AO changes its color from red to green;
3. Histogram AC changes its color from red to green.

All three conditions shall take place on the same candlestick, which is further regarded as a signal one; the
transaction to buy should be concluded at the opening of the next candlestick.

Fig. 1
Stop Loss:
Set Stop Loss at the Low level of the signal candlestick.

Conditions for closing transactions:


1. Set Take Profit at the same distance as Stop Loss.
2. As an alternative, we can close transactions when both AO and AC change their color to red.

Conditions for concluding sell transactions (Fig. 2):


1. PSAR is above the price chart;
2. Histogram AO changes its color from green to red;
3. Histogram AC changes its color from green to red.

All three conditions shall take place on the same candlestick, which is further regarded as a signal one; the
transaction to sell should be concluded at the opening of the next candlestick.

Fig.2

Stop Loss:
Set Stop Loss at the High level of the signal candlestick.

Conditions for closing transactions:


1. Set Take Profit at the same distance as Stop Loss.
2. As an alternative, we can close transactions when both AO and AC change their color to green.
Strategy Psychological reversal
Recommended timeframes H1

This strategy does not presuppose the use of any technical indicators on the chart. It is based on
assessment of the market in terms of psychology and behavior of the group of traders.
Recommended timeframe H1.

For example, if, moving in an uptrend, the price breaks down the previous high with a relatively high
volatility (ie a growing candlestick breaks down resistance level from the previous highs, and within an hour
or two, closes at the same level), we can open a sell position. It is because the traders usually place stop
orders above the local highs, preparing for the market reversal.

As soon as the price breaks down resistance level Sell-order will open. Later, take profit is placed, which
is equal to the height of the breakdown, ie to the distance from the resistance level to the highs of the
candlestick. (Fig.1).

Fig.1
Buy-order is placed if a trend is downward. (Fig.2). If an hourly candlestick breaks down the level of the
previous high and goes back to the same level within one or two hours, it is a signal of trend correction. Buy
positions can be opened from the level of the previous low, Take profit shall be equal to the height of the
breakdown (the distance from the support level to the low of the candlestick).

Fig.2

It is necessary to take into consideration the importance of economic news releases, as they can reverse
the market to any direction. SWAP is strictly prohibited. A serious disadvantage of this strategy is that it
requires continuous monitoring of the market conditions, as well as an open position.
Strategy Intelligent trading
Recommended timeframes H1

Strategies with the use of the indicators are popular trading systems, which are widely used by Forex
market traders. Quite often, these strategies are based on the use of 2 or 3 indicators, and a task of a
trader is to determine a point when all the indicators give identical signals for entering the market. A
strategy described below is based on the use of 5 indicators, which increases the accuracy of determining
an entry point and consequently, makes this strategy one of the most profit-making. The other advantage
of this strategy is its versatility, as it is applicable to all trading instruments. This strategy can be used on the
timeframes starting from M15.

Indicators to be used:
1. Moving Average (Period 8, Smoothed, HLC/3)
2. Moving Average (Period 18, Smoothed, HLC/3)
3. Parabolic SAR (0.026, 0.5)
4. Stochastic (12, 12, 5)
5. MACD (8, 21, 1)

Conditions required for making a buy transaction (Fig.1):


1. The line 8 MA is above the line 18 MA
2. MACD histogram is above the zero
3. One of Stochastic lines crosses the level 50 from bottom to top

Fig.1
Conditions required for closing of the transaction: Parabolic SAR has changed direction from upward to
downward.

Conditions required for making a sell transaction (Fig. 2):


1. The line 8 MA is below the line 18 MA
2. MACD histogram is below the zero
3. One of Stochastic lines crosses the level 50 from top to bottom
4.

Fig.2

Conditions required for opening of the transaction: Parabolic SAR has changed direction from downward
to upward.
Strategy EMA, Stochastic and RSI
Recommended timeframes H1

Instruments: All
Timeframes: All
Indicators:
EMA 5, EMA 10, Stochastic (14, 3, 3) and RSI (14, 70, 30)

Conditions for entering into transactions:


For buy transactions: EMA 5 crosses EMA 10 from bottom to top, Stochastic lines are directed
upwards; they should not be in the overbought zone; RSI indicator is above 50.
For sell transactions: EMA 5 crosses EMA 10 from top to bottom, the lines of Stochastic are directed
downwards and they should not be in the oversold zone; RSI indicator is below 50.

Exit:
Crossing of the moving average lines in the reversed direction, or intersection of these lines by the indicator
RSI
Strategy Daily movement
Recommended timeframes H1

Trading instrument: EURUSD, GBPUSD, AUDUSD.


Timeframe: 1.
Trading hours: before opening of European session.

Considering short duration of time that you need to spend before the monitor, this strategy is very
convenient, because you can combine trading with any other occupation, since you do not need to monitor
the situation in the market all the time. This strategy can be also used along with the other trading
strategies.

The first requirement for entering the market is the existence of flat. This strategy is not recommended in
case of the trend movement

Then, we should place two pending orders Buy Stop and Sell Stop 15 points above and below the limits of
the channel, which is based on the lows and highs of the price movement from 22:00 of the previous day
till 8:00. Stop loss for the pending order to buy will be at the support level of the price channel. Stop loss for
the order to sell will be at the resistance level of the price channel. If the price does not reach any of the
orders by 15:00 GMT +2, the orders shall be cancelled; or set expiry time of the order when placing the
order.

Take profit shall be placed at distance twice as long as the distance to Stop loss, but should not exceed 100
points.
The disadvantage of this strategy is that the hours when you can enter the market are limited; therefore
the traders should be patient to open a position. On average, you can make 1-3 transactions a week with
the use of this strategy.
Strategy "Moving average lines and Parabolic SAR"
Recommended timeframes H1

Trading pairs: All.


Timeframes: 30 and 1

Indicators:
Parabolic SAR (0.2, acceleration factor 0.02);
MA10, Exponential (Gold);
MA25, Exponential (Green);
MA50, Exponential (Red).

Enter into long positions when: EMA 10 crosses 25 and 50 from bottom to top and Parabolic SAR is below
the price level.
Enter into short positions when: EMA 10 crosses 25 and 50 from top to bottom and Parabolic SAR is above
the price level.
Stop-loss: Should be always slightly below 50.
Exit: when the price crosses all 10EMA on the chart (Fig. 1) the in the direction opposite to our transaction.
Strategy Night flat
Recommended timeframes H1

Currency pairs to be used: EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, USDCHF.


This trading strategy is based on trading carried out during the first half of the night, from 22.00 to 02.00, at
the time indicated in your trading terminal. If you look at the price movement during this period of time,
you can see that the trend is sideways (flat), as most of the exchanges are closed at this time. The range of
fluctuation is usually about 10-40 points.

It should be noted that currency futures are correlated with the currency pairs; however, trading does not
take place in the futures markets, as they are also closed at this time. Therefore, the fluctuation during the
period between 22:00 and 2:00 is minimal and the price always tends to reach closing price of the futures.
Therefore, using this information, we can frame our trading strategy.

At 22:00 when futures market Pit is closed, you can place 8 pending orders: 4 of them should be Buy Limit
orders and 4 of them should be Sell limit orders at the distance of 15, 20, 30 and 35 respectively. Take
Profit is placed at the closing price level of the candlestick at 22:00. Stop-Loss is set at the distance of 50
points from the farthest pending orders. These will be Sell Limit 4 and Buy Limit 4 on the picture.
Strategy based on the indicators CCI and EMA
Recommended timeframes H1

Trading pairs: All


Timeframe: 1 and 4

Indicators:
Parabolic SAR (0.2, acceleration factor 0.02);
8 EMA (exponential moving average with the period 8);
28 EMA (exponential moving average with the period 28);
30 CCI (indicator Commodity Channel Index with the period 30);

Enter into short positions at the moment when EMA 8 crosses 28 from top to bottom and CCI is below
zero.
Enter into long positions at the moment when EMA 8 crosses 28 from bottom to top and I is above zero.
Stop-loss:
For the buy orders stop-loss shall be placed 5 points below the low candlestick, on which the
position has been opened.
For sell orders stop-loss shall be placed 5 points above the high candlestick, on which the position
has been opened.
Exit positions:
At the intersection of the moving average lines in the direction opposite to the opened transaction.
Strategy based on the highs and lows of the previous day
Recommended timeframes H1

Today we will take a look at the simple and efficient trading strategy based on building the levels of support
and resistance and on the highs and lows of the previous day. We will use pending orders Sell Limit and Buy
Limit with the close stop losses and with the relative strength indicator RSI with the period 5.
Currency pairs: GBPUSD, EURUSD, AUDUSD, NZDUSD, USDJPY and USDCAD
Time frame: H1

Opening of the buy positions (Fig. 1)


First of all we shall determine the limits of the channel, within which the price of the currency pair has been
on the previous day. After specifying the highs and the lows, we can place Sell Limit and Buy Limit at the
distance of 6-7 points from the levels of support and resistance.
Stop Loss is placed at the distance of 30% from the width of the channel. Take Profit shall be placed at the
distance of 6-7 points to the opposite limit of the channel; at the level of price activation of opposite
pending order.

It is important that at the moment of the order activation, the RSI indicator shall be either in the oversell
zone, or just leaving this zone. If this condition is not met, Sell Limit order should be cancelled.

Fig. 1
Opening of the sell positions (Fig. 2)
Actions required for placing sell positions are similar to the actions described above, but in the opposite
direction.

Sometimes, when the trend is very strong and the price is approaching the level of Take Profit, Stop-Loss
can be placed at the distance of 20-30 points, if this allows us to gain high profit. However, in this case Take
Profit shall be deleted. You can perform these actions, if you are in front of your computer. A significant
advantage of this strategy is that you do not need to spend a lot of time at the computer. You can just
spend 5-10 minutes in the morning to place pending orders. You shall also pay attention to the important
macro-economic news, which can be released during the day.

Fig. 2
Strategy Base 150
Recommended timeframes H1

Instruments: EUR/USD, GBP/USD, USD/CHF, USD/JPY.


Charts: H1, H4, D1.

Indicators:
1. MA(6);
2. MA(35);
3. MA(150);
4. MA (365).

The point of the strategy is to spot early signs of a reverse and to open the position in the direction of a
breakout. In order to determine the breakout 2 slow MAs with 150 and 365 periods are used, and 2 fast
MAs with 6 and 25 periods are used to confirm a rebound.

When to open long positions:

1. The price broke out the slow MA;


2. MA(6) is on the same level or above the slow MA;
3. After the price touched the fast MA, switch to a lower chart and wait for a reverse signal. It should
be noted that all other MA touches are not important, the position has to be opened only after the
very first rebound;
4. For example, after receiving the signal on the H4 chart wait for the confirmation on the H1 and
open the position after a resistance breakout. Stop-loss is placed behind the local high. Usually, it is
the high of the breakout candle. Take profit two times longer than stop-loss.
When to sell:

1. The price broke down the slow MA;


2. MA(6) is on the same level or below the slow MA;
3. After the price touched the fast MA, switch to a lower chart and wait for a reverse signal. It should
be noted that all other MA touches are not important, the position has to be opened only after the
very first rebound;

For additional profit, a trailing stop option can be used that would allow to catch longer trends. Also, take
profit can be placed at important support and resistance levels.
CCI strategy
Recommended timeframes H1

Instruments: the strategy fits all instruments.


Timeframes: H1, H4.
Indicators: CCI (14).

When to open long positions:


CCI is in the overbought zone but prior to that it was in the oversold zone (-150).

When to open short positions:


CCI is in the oversold zone but prior to that, it was in the overbought zone (+150).

Exit points should be placed 15-20 points away from the opening level (Take Profit) and 5 points away from
the opening level (Stop-loss).
EMA + Stochastic + RSI
Recommended timeframes H1

Instruments: the strategy fits all instruments.


Timeframes: H1, H4.
Indicators:
1. EMA (5, 10);
2. Stochastic (14, 3, 3);
3. RSI (14, 70, 30).

Open long positions when the 5EMA crosses the 10EMA from the bottom, Stochastic lines are directed up
and are not in the overbought zone, i.e. not above the 80 mark, and the RSI is above the 50 mark.
Open short positions when the 5EMA crosses the 10EMA from the top, stochastic is headed down but not
in the oversold zone, and the RSI is below the 50 mark.

Stop loss: is placed at the level of the previous local low.

Take profit:
Close long positions when Stochastic rises above the 70 mark. Close short positions when Stochastic falls
below the 30 mark.
Strategy Day-Hour
Recommended timeframes H4

This trading strategy is designed for the medium-term perspective. In order to enter the market it is
recommended to wait for the clear signals from all indicators on both timeframes. Take profit is advisable
at the level of 80-90 points. Stop-loss can be placed at the level of 50 points.

Open two charts for the same currency. On the first chart you should place timeframe H4 and on the other
timeframe D1. For this trading strategy we will the following indicators:
1) Moving Average with a shift equal to 3. This indicator is set on the four-hour and on the daily charts.
2) MACD with the parameters 12,120 and 5.This indicator is set on the chart H4.
3) RSI with the setting of the levels 30 and 70. This indicator is set on the chart H4.

Now, look at the chart with the timeframe D1. If the closing price of the previous daily candlestick is below
the moving average, we expect the decline in the exchange rate on the chart H4. If the closing price of the
previous daily candlestick was above the moving average, it is likely that the exchange rate will rise on the
chart H4. After determining the potential trend on the daily chart, we can open the chart with the
timeframe H4 and evaluate the readings of the indicators.
1) MACD. Histogram is above or below zero.
2) RSI. Upward or downward direction.
3) The candlestick is closed either below or above the moving average.

The first example


As an example we will use the charts USD/JPY D1 and USD/JPY H4.
Lets view the chart D1. Closing price of the previous daily candlestick is below the moving average. Lets
consider the option of lowering of the exchange rate. Open the chart with H4. Closing price of the last
candlestick of the previous day is below the signal line. MACD histogram is in the positive zone, but its
volumes are rapidly decreasing, which gives us a sell signal. The indicator RSI has left the oversold zone and
is directed downwards; however it has not reached the overbought zone, which gives us a sell signal. (Pic. 1
and 2).
Pic.1

Pic.2
The second example
As an example we will use the charts AUD/USD D1 and AUD/USD H4.
Closing price of the previous daily candlestick is above the signal line. Lets consider the option of the rise in
the exchange rate. Open the chart AUD/USDH4. Closing price of the last candlestick of the previous day is
above the signal line, which is a confirmation of the uptrend. MACD histogram is in the negative zone, but
its volumes are rapidly decreasing, which shows buying activity and continuation of the uptrend. RSI is
directed upwards, but has not reached the overbought zone yet, which is a signal to buy (Pic. 3 and 4).

Pic.3
Pic.4
Strategy with the use of three moving average lines
Recommended timeframes H4

This simple strategy is based on the intersection of three moving average lines (SMA) and can be used for
all currency pairs on the chart with the period H1 or higher. It does not require constant monitoring of the
market; all you need is just to check the chart at the closing of each candlestick.

First of all, set three SMA indicators (Simple Moving Average) with the periods 13, 26 and 100 on the chart.
When making trading decisions, follow the rules below:

Conditions for opening Buy transactions:


- the moving average with the period 26 crosses the moving average with the period 100 from bottom to
top;
- the moving average with the period 13 crosses the moving average lines with the periods 26 and 100 from
bottom to top.
The order shall be closed upon intersection of the moving average lines with the periods 13 and 26 from
top to bottom.

Conditions for opening Sell transactions:


- the moving average with the period 26 crosses the moving average with the period 100 from top to
bottom;
- the moving average with the period 13 crosses the moving average lines with the periods 26 and 100 from
top to bottom.

The order shall be closed upon intersection of the moving average lines with the periods 13 and 26 from
bottom to top.

This figure displays the chart with the timeframe H4 with two signals: one of them shows the entry point
for opening a sell transaction; the other shows the entry points for a buy transaction.
Strategy Follow the trend
Recommended timeframes H4

This trading system is applicable to all currency pairs.


Time-frames: 4H, Daily.
Indicators: 4EMA, 10EMA, ADX (28) +DI and DI, MACD (5,10,4).

Conditions for opening long positions:


1) +DI (the red dotted line of the ADX indicator) must be located above DI (the blue dotted line of the ADX
indicator);
2) 4EMA crosses 10EMA from below;
3) MACD (5, 10, 4) must be above the zero line.
Conditions for opening short positions:
1) DI (the red dotted line of the ADX indicator) must be located above +DI (the blue dotted line of the ADX
indicator);
2) 4EMA crosses 10EMA from above;
3) MACD (5, 10, 4) must be below the zero line.

TakeProfit: 60 points on H4 time-frame/ 200 points on D1 time-frame


StopLoss: 3 times less than TP
Strategy "Reversal"
Recommended timeframes H4

This strategy is quite simple and easy to use. If the risk management rules are observed, the strategy can
yield good profits: up to 200-300 points.

In order to define reversal points and entry points on the chart, it's necessary to use the ZigZag indicator.
The indicator's period must equal 150 to reduce the number of false signals. An 18-period moving average
will also serve as additional confirmation and a filter for opening trades.
This trading strategy applies to the following currency pairs: EUR/USD, GBP/USD.

Recommended time-frame: H4

Long positions should be opened once the ZigZag indicator has reached the lowest value of the candle and
the price has broken the 18-period moving average from below. Recommended Stop Loss and Take profit
levels amount to 50 points and 150-200 points, respectively.

Short positions should be opened once the ZigZag indicator has reached the highest value of the candle and
the price has broken the 18-period moving average from above. Recommended Stop Loss and Take profit
levels amount to 50 points and 150-200 points, respectively.
Strategy Two pairs of average +MACD
Recommended timeframes H4

Instruments: All
Timeframes: H4 or D1
Indicators:
1. MACD (12, 26 and 9).
2. EMA: 50,100
3. EMA: 5,15

Conditions for opening long positions:


- The line EMA 5 crosses EMA 15 from bottom to top;
-MACD histogram is in the positive zone;
- The price is above the lines EMA 50 and EMA 100.

Conditions for opening short positions:


- The line EMA 5 crosses EMA 15 from top to bottom;
- MACD histogram is in the negative zone;
- The price is below the lines EMA 50 and EMA 100.
It is not recommended to open transactions if the price is between EMA 50 and EMA 100.

Stop-loss: At the level of the line EMA 50.


Take profit:
On the four-hour timeframe: 60 points for the pair EUR/USD and 70 points for GBP/USD;
On the daily timeframe: 200 points for the pair EUR/USD and 250 points for GBP/USD.

Buy
Sell
Strategy Support/Resistance on the basis of 240 bars
Recommended timeframes H4

This strategy is designed for opening trading positions when the price reaches important levels of
resistance or support.
We recommend to use timeframe of not less than H4 for trading.

Levels of resistance and support will be calculated automatically on the basis of the bars and with the help
of the indicator ibsSF_TREND_LINES, which can be downloaded at the end of this article. The number of
bars can be changed; however keep in mind that their number should not be less than 200.
Trading pairs: EUR/USD or GBP/USD

It is important to maintain proper strategy of risk management, which means that, the ratio of risk - profit
should be 1 to 4. Therefore, if Stop-Loss is 20 points, it is recommended to set Take Profit at 80 points.

Sell positions should be opened at the moment when the price reaches resistance level, as shown on fig.
1.

Fig. 1
Buy positions should be opened at the moment when the price reaches support level, as shown on fig. 2

Fig. 2

Download the indicator ibsSF_TREND_LINES


Strategy based on Bollinger bands
Recommended timeframes H4

This strategy is based on 2 standard indicators, which makes it incredibly easy to master. The principles
used are fundamental to trend trading. The strategy may be applied to any trading tools on any time-
frames. The best results may be reached with such currency pairs as EUR/USD, GBP/USD, AUD/USD,
CAD/USD, NZD/USD, USD/JPY on H1 and H4 time-frames.

Indicators used:
1. Bollinger Bands (Period 20, Shift 0, Deviation 3) - the green lines on the chart
2. EMA (Period 50, Shift 0) - the orange line on the chart.

Conditions for opening "Buy" trades (pic.1):

Pic. 1

1. The price chart is located above the orange line.


2. The price touches (or almost touches) the middle green line.
3. Open a long trade once the candle has broken out the HIGH value of the previous candle.
Conditions for opening "Sell" trades:

Pic. 2
1. The price chart is located below the orange line.
2. The price touches (or almost touches) the middle green line.
3. Open a short trade once the candle has broken out the LOW value of the previous candle.

Conditions for closing trades


1. Stop Loss at the distance of 5 points from the middle green line.
2. Trailing stop
3. Targets will vary according to the instrument and time-frame. For example: 60 points for EUR/USD
H4, 70 points for GBP/USD H4, 200 points for EUR/USD D1, 250 points for GBP/USD D1.
4. The price has reached the lower or upper line of Bollinger bands.
Strategy Anti-trend
Recommended timeframes H4

Trading strategy Anti-trend is mainly used for trading world indices. Lets consider the example of its
application on FDAX.

In order to receive trading signals we will use the indicator Bulls with the following configuration: (13).
This indicator will help us to find reversal points and receive profit.

Take note of the important aspect: if we trade the index FDAX, we shall build additional levels on the
indicator. In such case support level will be (-229.6) and resistance level (260.5). When the price reaches
these levels we can conclude a buy or a sell transaction respectively.

Recommended timeframe: H4

Level of Take Profit: the target of 4500 points (optionally, you can set Stop Loss at the breakeven point and
wait for the stronger movement).

Level of Stop-Loss: 1500 points.


Strategy Parabolic SAR + MACD
Recommended timeframes H4

Instruments: EURUSD and GBPUSD.


Timeframes: H4 and D1.
Indicators: MACD (12.26.9) and Parabolic SAR (0.02, 0.2)

Conditions required for opening a buy transaction:


The indicator Parabolic SAR gives a buy signal; MACD histogram is in the positive zone.

Conditions required for opening a sell transaction:


The indicator Parabolic SAR gives a sell signal; MACD histogram is in the negative zone.

Take Profit:
H4 60 points for the pair EURUSD and 70 points for the pair GBPUSD.
D1 200 points for the pair EURUSD and 250 points for the pair GBPUSD.

Exit:
At the next reversal of the signal line of MACD indicator.
Strategy based on EMA, ADX and MACD
Recommended timeframes H4

Instruments: any
Time frames: H4, D1

Indicators:
4 EMA (an exponential moving average with the period of 4);
10 EMA ( an exponential moving average with the period of 10).
ADX (28) +DI and -DI
MACD (5,10,4)

Short positions should be opened when the 4 EMA is crossing the 10 EMA from below, and MACD is over
0. At the same time, +DI must be above DI.

Long positions should be opened when the 4 EMA is crossing the 10 EMA from above, and MACD is less
than 0. At the same time, -DI must be above +DI.

Exit points:
Take Profit for H4:
EUR/USD - 60 points, GBP/USD - 70 points, USD/CHF - 40 points
Take Profit for D1:
EUR/USD - 200 points, GBP/USD - 250 points, USD/CHF - 150 points

Stop Loss: 3 times less than Take Profit


Strategy Awesome
Recommended timeframes H4

The purpose of this strategy is to demonstrate the power of Awesome indicator. For this strategy we use
two more indicators. Basically, they are needed to confirm the signals of the main indicator. The strategy
can be used for all major currency pairs on the timeframe above 4H.

The indicators to be used:


1. Awesome Oscillator;
2. Trend Strength;
3. Trend Momentum.

Conditions required for buy transactions (Fig.1):


1. Awesome Oscillator blue;
2. Trend Strengthblue;
3. Trend Momentum blue and above the level 16.

Fig.1

Requirements for closing buy transactions:


1. 2 indicators change color to red;
2. Stop Loss is at the distance of 50 points (for 4H).
Conditions required for sell transactions (Fig. 2):
1. Awesome Oscillator red;
2. Trend Strengthred;
3. Trend Momentum red and above the level 16.

Fig. 2

Requirements for closing transactions:


1. 2 indicators change color to blue;
2. Stop Loss is at the distance of 50 points (for 4H).
Strategy Pending the reversal
Recommended timeframes H4

Instruments: All
Timeframe: M15 and above

The indicators to be used:


1. Moving average (Period 100, Exponential, High);
2. Moving average (Period 100, Exponential, Low);
3. Bollinger Bands (Period 10, Deviation 2.3).

Requirements for making a buy transaction (Fig. 1):


1. Uptrend.
2. The price is above the red line (Moving average (Period 100, Exponential, Low)).
3. Wait for the moment when the price either reaches or breaks down the bottom line of the
Bollinger bands.
4. Buy when the price goes back above the bottom line of the Bollinger bands, or at the opening of
the next candlestick.

Fig. 1

Conditions required for closing transactions:


1. Close the order if the price either reaches or breaks down the upper line of the Bollinger bands.
2. Stop Loss is at the level of the nearest local low.
3. Take profit is in the ratio of 2:1 to Stop Loss
Requirements for sell transactions (Fig. 2):
1. Downtrend.
2. The price is below the blue line (Moving average (Period 100, Exponential, High)).
3. Wait for the moment when the price either reaches or breaks down the upper line of the Bollinger
bands.

Sell when the price goes back below the upper line of the Bollinger bands, or at opening of the next
candlestick.

Fig. 2

Conditions required for closing transactions:


1. Close the order if the price either reaches or breaks down the bottom line of the Bollinger bands.
2. Stop Loss is at the level of the nearest high.
3. Take profit is in the ratio of 2:1 to Stop Loss.
Strategy Awesome and MACD
Recommended timeframes H4

Instruments: the strategy fits all instruments


Timeframe: H4
Indicators:
1. Awesome Oscillator;
2. MACD (5,7,4).

When to open long positions:


The Awesome indicator crosses the 0 level from the top and MACD histogram is in the positive zone.

When to open short positions:


The Awesome indicator crosses the 0 level from the bottom and MACD histogram is in the negative zone.

Exit points should be placed 50-70 points away from the opening level (Take Profit) and 20 points away
from the opening level (Stop-loss).
Strategy "Three Candles"
Recommended timeframes H4

The strategy is used on the 4-hour timeframe only. Currency pairs that are recommended for trading are
GBP/USD or EUR/USD.
When to open long or short positions: after three consecutive ascending or descending candles have
formed.

Take profit: 50 points.


Stop-loss: 40 points.
In addition, a Trailing Stop option can be used move your stop into a no-loss zone and wait for larger price
moves of 100-150 points.

An example of long positions:


An example of short positions:
Strategy Midnight
Recommended timeframes D1

The strategy, which we are going to describe below, is fairly simple and, above all things, amazingly safe.
Although the use of this strategy will not bring you overwhelming wealth, it will minimize your risks
and bring you not great, but steady income. The strategy is based on the use of two simple indicators,
which are installed in all standard terminals MT4. This strategy can be applied to all major currency pair,
such as EUR/USD, GBP/USD, AUD/USD, CAD/USD, NZD/USD and USD/JPY. A daily interval D1 is used as a
temporary interval.

The applicable indicators:


1. The Exponential Moving Average (period 24, the rest are of the default settings)
2. The Average Directional Movement Index (default settings)

Conditions for concluding a Buy transaction:

1. A tail of the candlestick, which closes from the bottom, is three times the size of the candlestick
body (as a rule, the body of the candlestick is either very small or it does not exist at all); while the
upper tail is no more than half of the bottom tail.
2. The main line of the indicator ADX is above the level 20.
3. The line +DI (red on the chart) is above the line DI (blue on the chart) and above the level 20.
4. The line DI is below the level 20.
5. Buy transaction can be concluded at the opening of a new daily candlestick.
Conditions for concluding a Sell transaction:

1. A tail of the candlestick, which closes from the top, is three times the size of the candlestick body
(as a rule, the body of the candlestick is either very small or it does not exist at all); while the lower
tail is no more than half of the upper tail.
2. The main line of the indicator ADX is above the level 20.
3. The line -DI (blue on the chart) is above the line +DI (red on the chart) and above the level 20.
4. The line +DI is below the level 20.
5. Sell transaction can be concluded at the opening of a new daily candlestick.

Conditions for closing of the transactions.


6. Stop-loss for the Buy order is set at the lows of the previous candlestick. Stop-loss for the Sell
orders is set at the highs of the previous candlestick.
7. Regardless the results of the transaction, it shall be closed at the close of the daily candlestick, at
the opening of which the entry to the market took place.
8. There is option to lock in profit by using a setting take profit at a distance, two time exceeding stop-
loss; however it option is not recommended, due to the increasing risks.
Strategy Goldmine for the instrument XAUUSD with the use of the indicators Bollinger Bands +
Stochastic
Recommended timeframes D1

This simple strategy is based on receiving signals from only two indicators, which are included in the
standard platform MT4 and are well suited for trading on the pair XAUUSD. Chart interval D1.
1. Set Bollinger bands with the period 20 on the chart.
2. Set Stochastic with the parameters: K Period -5, D Period -3, Slowing -3.

Conditions for concluding a sell transaction:


1. The price reaches the upper band of the Bollinger indicator; the black (bearish) candlestick is
outlined on the chart.
2. The lines of Stochastic oscillator are in the overbought zone; they are directed downwards.

Conditions for concluding a buy transaction:


1. The price reaches the lower band of the Bollinger indicator; the white candlestick (bullish) is
outlined on the chart.
2. The lines of Stochastic oscillator are in the oversold zone; they are directed upwards.

Take profit should be set at the level of the middle (central) line of the Bollinger bands, at which the
position has been located at the opening moment. Stop-loss is placed at the level, which is three times less
in relation to the level of the take profit.
Strategy Trading system MACD + ADX
Recommended timeframes D1

This strategy is based on the use of the indicators MACD and Average Directional Movement Index.
Instruments: EUR/USD, AUD/USD, GBP/USD.
Time frame: D1
Indicators:
1. MACD (3,9,16).
2. ADX (16).

Conditions for opening long positions:


MACD histogram should be in the positive zone (a buy signal). The line +Di should be above the line Di. If
the line +Di is below the line Di and, at the same time, MACD indicator does not give a buy signal, you shall
not make any steps trying to open a position, rather wait until the main condition is fulfilled.

Conditions for opening short positions:


MACD histogram should be in the negative zone (a sell signal). The line Di should be above the line +Di. If
the line Di is below the line +Di, and at the same time, MACD indicator gives a sell signal, you should not
open a position, better wait until the line Di will be above the line +Di.

Exit point:
Use Trailing Stop option, as it will help to lock in the maximum possible profit. The recommended value
of Trailing Stop is 40-70 points.
Strategy SMA 150 + Stochastic + RSI
Recommended timeframes D1

Trading pairs: All


Timeframe: D1
Indicators to be used:
SMA 150
Stochastic: 8,3,3
RSI: 3.

Entry into the long positions:


At the moment when the price is above SMA 150, and RSI is below the level of 20, shall look at the
oscillator Stochastic the line K% should cross the line D%, being below the level 30.

Entry into the short positions:


At the moment when the price is below SMA 150, and RSI is above the level 80, look at the oscillator
Stochastic the line K% should cross the line D%, being above the level 70.

Stop Loss: set it at the level of the previous local low.

Exit the positions:


Fix the result of the buy transaction when the lines of Stochastic go above the level 70. In order to exit sell
position, Stochastic lines shall go down below the level 30.
Strategy 32 points
Recommended timeframes D1

In this strategy we will use pending orders to trade currency in the Forex market.
Recommended instruments for trading: EUR/USD

In order to place pending orders we will use closing price of the previous day. From this price we will place
our pending orders: BUY STOP and SELL STOP at the distance of 32 points.
The level of Take Profit: 35 points
The level of Stop Loss: 28 points.
We can also roll over the position for the next day in order to receive more points. However, in this case we
should move Stop Loss into the break-even zone and do not place Take Profit.

Example of placing a pending order


For example, the price of the previous day was 1.1516.
The level of BUY STOP will be calculated as follows: closing price of 1.1516 + 32 points = 1.1548
The level of SELL STOP will be calculated as follows: closing price of 1.1516 - 32 points = 1.1484
It is important to place pending orders in a few hours at the moment when the closing of the previous day
takes place. If none of the orders have been activated within a day, pending orders will be cancelled.
Strategy Open Tomorrow
Recommended timeframes D1

Instruments: the strategy fits all instruments.


Timeframe: D1.
Indicators: RSI (8).

When to open long positions:


Place an order after opening of a daily bar.
a) When RSI is above 70 mark, place a pending buy order 20 points above the opening level of the daily
bar.
b) When RSI is below 30 mark, place a pending sell order 20 points below the opening level of the daily
bar.

Exit points: take profit 50 points; stop-loss 25 points.


Strategy "Daily Breakout and Moving Average"
Recommended timeframes D1

Instruments: the strategy fits all instruments


Timeframe: D1

Indicators:
1. 20 SMA Low;
2. 34 EMA;
3. ADX (13).

When to open long positions:


1. The 34EMA is above the 20SMA;
2. ADX(13) is above the level of 25.

When to open short positions:


1. The 34EMA is below the 20SMA;
2. ADX(13) is above the level of 25.

When to exit:
Positions are recommended to be closed when the moving averages cross each other. Take profit and stop-
loss can be placed at fixed intervals, take profit at 100-150 points from the opening level, and stop-loss
at 30-50 points.
Jarroo trading strategy
Recommended timeframes D1

Instruments: the strategy fits all instruments.


Timeframe: D1.
LCS=lowest close of support the level the price could not close below.
HCR=highest close of resistance the level the price could not close above.

PBT&CA=price breaks through & closes above the level the price breaks out and closes above.
PBT&CB=price breaks through & closes below the level the price breaks down and closes below.

Jarroo levels are determined as follows. First, we look for swings i.e. local lows and highs in price
movements. We then highlight those lows/highs that are made up of at least two candles with an identical
close/open. Note that in the strategy, levels are drawn through opens/closes.
Rules for entering and exiting
After the Jarroo level was broken through and the price has closed above (for buys) or below (for sales) this
level, a pending buy/sell order is placed. Stop-loss should be moved beyond the opposite point (Low or
High) of a candle where the breakthrough happened. If it appears too close to the opening point, it can be
moved beyond a High or Low of the previous candle.

To determine Take Profit we use the nearest support/resistance levels, a Stop-loss distance multiplied by 2
or 3, or shadows of previous candles. After reaching the closest target or a target that equals twice the
distance of Stop-loss, Trailing Stop is activated.

If the candle closes below/above the level (against our position) where we entered, do not wait for Stop-
loss to trigger and exit the position.

The DCC (Daily Close Confirmation) rule: For a more conservative position opening, the following rule can
be used. When a signal candle that had broken through the level has formed, we wait for the next candle
to close before placing a pending order.

Only after this next candle closes above/below the level without breaking it in the opposite direction, the
pending order is placed.

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