Showing posts with label Forex Growth Bot. Show all posts
Showing posts with label Forex Growth Bot. Show all posts

More Strategy from my Free strategy book page 8, 12, 44 and 54

14EMA SAR1
Trading Currency: EURUSD, USDJPY
Chart Time Frame: M15/H1/H4
Trading hours: All days All hours

Buy setup with 4 Rules
1# ASK is more then SMA (Average period = 14, Price Close)
and 2# ASK is more then SAR (Step = 0.02, Maximum = 0.2)
and 3# SMA (Average period = 14, Price Close) is more then SMA (Average period = 18,
Price Close)
and 4# SAR (Step = 0.02, Maximum = 0.2) is more then SMA (Average period = 14, Price
Close, shift = 1)

Stop loss = 60 and take profit = 30

Sell setup with 4 Rules
1# BID is less then SMA (Average period = 14, Price Close)
and 2# BID is less then SAR (Step = 0.02, Maximum = 0.2)
and 3# SMA (Average period = 14, Price Close) is less then SMA (Average period = 18,
Price Close)
and 4# SAR (Step = 0.02, Maximum = 0.2) is less then SMA (Average period = 14, Price
Close, shift = 1)

Stop loss = 60 and take profit = 30

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Attached is the screen shot of a easy to read 1 page strategy report. (Click on screen for more details) As you can see, all strategy comes with name, the currency to trade, the time frame to trade and the recommended trading hours. The buy portion comes will rules and take profit and stop loss. Similar to the sell trades which also comes with explicit clear trading rules. The idea is to put it simple and easy. No fancy marketing gimmicks or sale pitch.

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