FOREX ARQUERO TRADING STRATEGY

The following strategy is best suited to those who like to operate with indicators. It is one of those favorite strategies of traders, easy to use / easy to remember. You will see it for yourself.

BROKERS

FINMAX - XM 

Main ingredients:

Currency pairs - EUR / USD and other majors

Exponential moving average of 86 periods (EMA86);

Exponential moving average of 21 periods (EMA21)

Momentum indicator with period 8 and with the added 100 level

Indicator Heiken Ashi (average bars in Japanese) - indicator used in conjunction with candle charts for trend identification and price prediction. Just to remind you, I will briefly describe your main signals. There are 5 main signs: green candles without longer shadows that indicate a solid uptrend (the best time to buy); a candle with a small body surrounded by upper and lower shadows is a trend reversal signal; red candles indicate a downward trend (normally used to open short positions and exit long ones); Red candles without higher shadows are an indication of a strong bearish trend.

Stochastic Oscillator with 8-3-3 configuration

For a long configuration:

The EMA21 must cross the EMA86 from bottom to top; it must also be above EMA86;

The momentum indicator should be located above level 100;

The stochastic oscillator must be above level 40 and its main line must be above the supplementary one;

The Heiken Ashi indicator should form a green candle;

All the signals mentioned above should appear at the same moment;

The operation must be opened at the opening of the next candle;

Stop Loss = 50 pips;

Take Profit = 100 pips.

For short operations:

The EMA21 crosses the EMA86 from top to bottom; it must also be below the EMA86;

The momentum indicator must be below level 100;

The Stochastic Oscillator must be below level 80 and its main line must be below the supplementary one;

The Heiken Ashi indicator should form a red candle;

All the signals mentioned above should appear at the same moment;

You can open the operation at the opening price of the next candle;

Stop Loss = 50 pips;

Take Profit = 100 pips.

Tweet