Intraday trading for volatile
markets is a scalping trading strategy for intraday.
Crrency pairs: EUR/USD,GBP/USD,
EUR/AUD, GBP/JPY, USD/JPY.
Time Frame 5 min, 15 min, 30 min.
Sessions for this strategy are London
and New York when the volatility is the highest.
Technical indicators:
3 Exponential moving average.
20 period Bollinger Bands deviation
3.0,
MACD 12, 26, 9.
Buy
3-period Exponential Moving Average
should cross Bollinger bands middle line upward. MACD bars are
checked: they should be close to zero line (rising up or just crossed
the zero line). If both conditions are true, a long position is
opened with a stop loss below the lower bands. When the price will
rise by 10 points, a trailing stop is set. A long position will be
closed by a stop loss or when MACD bars cross the zero line downward.
Sell
3-period Exponential Moving Average
should cross Bollinger bands middle line downward. MACD bars are
checked: they should be close to zero line (rising down or just
crossed the zero line). If both conditions are true, a short position
is opened with a stop loss below the upper bands. When the price will
rise by 10 points, a trailing stop is set. A short position will be
closed by a stop loss or when MACD bars cross the zero line
upwardward.
Forex strategy, simple but effective.
In the lateral market it can generate
false signals.
This forex strategy is suitable for a
money management based on martingale.
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