Thursday, April 3, 2014

Forex Trading Strategy

Time frame: daily
Currency pairs: any

Indicators: RSI(8), EMA(8)on RSI window,ATR(20)on RSI window, 28EMA on main window
Monthly Pivot Use the 28EMA to determine the trend direction on the daily chart

Long entry rule RSI must cross from below to above EMA(8) Enter when a new candle opens and the RSI is still above the 8 EMA

Short entry rule The reverse of above. Stop loss: 75% of the value of the ATR(20) take profit: use resistant and support of Fibonacci or the monthly pivots (let the profits run).

Forex Trading Strategy

Stop loss: 75% of the value of the ATR(20)
take profit: use resistant and support of Fibonacci or the monthly pivots (let the profits run).


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