strategy places pending order, aimed for trend continuation at single candle corrections. . The advantage of using this trading strategy can be summarized into the following: Using the two moving averages and entering after the trend is established offers a low risk trading strategy. Meaning, there should not be any spike to 100 dip 1 short on the opposite direction before dip2. It can be moved only in the direction of order, never back. If either of the conditions is met, we then wait for the following set up to appear: Sell Criteria, price must be trading at or below the 50 EMA. Trend will continue and order is triggered. Projecting this from the possible entry.84088, the final target we get.82498. Enjoy, and if you like it, let us know in the comments.
4H Forex System - Forex Strategies - Forex Resources
Share your opinion, can help everyone to understand the forex strategy. Okay, lets walk through ALL the trades and situations on the chart here. Low of trigger candle.2954 sell stop.2944 stop loss at high of trigger candle trade did not trigger for the next 5 candles; and we had a 3rd spike. Every expert advisor needs to be tested properly on demo account. Well, good for us; confused?.let's go step by step double spike happened and the trigger candle is marked in the chart below. So, the strategy in brief: Go long when CCI indicator has dipped twice below 100 level; Go short when CCI indicator has spiked twice above 100 level; Further Addition 1: Go long when CCI indicator has dipped twice below 100 level; AND has turned up;.
Complete and free forex strategies.
With this strategy, the main goal is to exploit the popular saying in the trading world the trend is your friend.
This swing trading strategy uses a combination of moving averages, support and resistance, volatility and a few other tools to maximize profits from the trends in the Forex market.
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