This
method of trading is simple, and it must be done in the London and
New York sessions. In the sideways market this technique of trading
doesn't work, only in volatile trending markets as GBP/JPY, GBP/USD,
EUR/AUD.
Time
Frame 1 minute, 5 min, 15 min, 30 min.
Currency
pairs: majors with trending volatility.
Low
spreads.
Indicators
for build this template are:
1.Exponential
moving average EMA 3 period ,
close;
2. Bollinger
Bands 20 period
20 deviation 3
3
Chaos Awesome Oscillator or MACD (12, 26, 9).
Buy:
Conditions
for buy trade:
3
EMA crosses upward the middle line of the Bollinger Bands;
Chaos
Awesome above zero green color or MACD crosses uoward.
Sell
Conditions
for sell trade:
3
EMA crosses downward the middle line of the Bollinger Bands;
Chaos
Awesome below zero red color or MACD crosses downward.
Exit
position options:
make
profit when Chaos Awesome turns different color;
predetermined
profit target that depends by time frame and currency pairs;
when
the Ema crosses middle line of Bollinger Bands in opposite direction;
place
stop loss for sell above the upper band of Bollinger Bands, place
stop loss for buy below the lower band of Bollinger Bands.
What
is the best moment you can apply this strategy? when the bollinger
bands expande.
What
is the difference between MACD and Awesome oscillator the MACD is
more aggressive.
The
Awesome oscillator generates less false signals.
I
prefer to use the MACD.
إرسال تعليق