Momentum good entry is a trend
momentum forex strategy based on main momentum oscillators and
one moving average.
Time frame This strategy is for higher
time frame 4H or daily).
Currency pairs: majoprs.
Forex Indicators
Relative Strength Index 4 period close
with levels 30 and 70.
Relative Strength Index 4 period close
with level 50.
Stochastic Oscillator (5, 3, 3) with
levels 80 and 20.
MACD oscillator (12, 26, 9)
Simple moving average 50 period, close.
Commodity channel Index 14 period close
with levels 100 and -100, (optional).
Trading rules Momentum Good Entry
Buy
Price above 50 Moving average.
RSI 14 above 50 level.
RSI 4 above 70 level.
Stochastic above 80 level.
MACD Histogram above zero level.
CCI 14 above 100.
Re-enter whit the same conditions
(optional).
Initial stop loss on the previous swing
low.
Fast profit target.
Sell
Price below 50 Moving average.
RSI 14 below 50 level.
RSI 4 below 70 level.
Stochastic above 80 level.
MACD Histogram below zero level.
CCI 14 below -100.
Re-enter whit the same conditions
(optional).
Initial stop loss on the previous swing
high.
Fast profit target.
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