forex "Weekly trend" strategy, which we will look at today, is well suited for traders who may not have much time to devote to trade, and in this strategy a week is only one deal and then not always: the calculation is that available at the trend of last week continues, there is a trend strategy. However, because only one simple filter in lateral movements will be virtually no transactions.
Currency pair - GBP / USD. Before applying this strategy to other currency pairs, you should check it on history.
Time interval - D1 / H4.
The strategy uses only one indicator of the exponential moving average with period 12 (12 EMA), on display D1.
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Conditions for purchase of forex "The weekly trend" strategies:
1. The last day of the last week the candle closed above the 12 EMA.
2. After the breakdown of last week maximum in the four-hour chart (required closing H4 candle) at a penetration level of established order Buy limit (up 3 - 7 points).
Stop-loss is set for the nearest minimum, but not less than 50-55 items and no more than 100-105 points. If the nearest minimum is less than 50 points, it is better to consider the previous minimum.
Take-profit is equal to the size of the movement last week.
After the price will be half the distance to the target transaction translate in-hand.
Also, if you want you can use a trailing stop, but its size should not be too small. It may well come half the distance to the target.
Conditions for sales "Weekly trend" strategies:
1. The last day of the last week the candle closed below the 12 EMA.
2. After the breakdown of last week's minimum at the four-hour chart (required closing H4 candle) at a penetration level of established order Sell limit (less than 3 - 7 points).
Stop-loss is set for the closest peak, but not less than 50-55 items and no more than 100-105 points. If the closest maximum is closer to 50 points, it is better to consider the previous high.
Take-profit is equal to the size of the movement last week.
After the price will be half the distance to the target transaction translate in-hand.
Also, if you want you can use a trailing stop, but its size should not be too small. It may well come half the distance to the target.
Filters and additions to the forex strategy:
If during the daily interval prior to entry into the market occurred the intersection with the closing of the EMA 12, then this week signals the input we have not considered. This filter is very important and to avoid entry into the market at the time of the change of trend or sideways consolidation.
Limit orders must be activated within 6 - 8 candles after the breakdown of the maximum / minimum m last week.
According to the classic rules it is advised to avoid entering the market if at the moment there is already a transaction is open, but the aggressive approach to trade this recommendation can be ignored.
