Forex Strategy “Vegas-wave” is designed for time interval (H1) and the signals for the opening of trading positions taken: Fundamentals Wave theory of Elliott and the signals from the exponential moving averages – EMA 144 and EMA 169, which form a channel on the chart.
I recommend selecting Dealing centers with the trading terminal Metatrader 4.
Exponential Moving Average EMA 144 is a very important feature - a sufficiently strong and long-term trend movement, it is simply excellent support for prices . And as e If the price crosses the exponential moving average EMA 144 , then this intersection indicates that the trend in the market is set to change its direction of movement on the opposite of the preceding.
If skillfully use 2 of these properties EMA 144 , and at the same time apply also some additional filters on the trading system – it is quite possible to use the resulting system for profitable and rationalize trading system.
Signals to enter the market will be the intersection of the price channel formed by the 2 moving averages: EMA 144 and EMA 169 . Filter for the conclusion of a trade transaction isthe formation of a fractal on the market, on the breakdown of the fractal we will put a pending order.
The signals for the fixing of the profit will be taken from the Elliott wave theory , as well as on the levels and Fibonacci extensions , measured from the 1st wave Elliott at the current trend in the market.
And despite the fact that the forex market can not be applied to any one pattern, so when trading forex strategy “Vegas-wave” losing trades will still be, since entry into the market will take place not only at the beginning of the trend movement. But the trade statistics for this strategy says that in any case of profitable trades when trading gets about 3 times more than closed with a loss . And it’s a big plus for the forex strategy!
The principle of trading Forex Strategy “Vegas-wave”:
moving averages EMA 144 and EMA 169 form a channel on the chart . If the price is above the channel , this area is called “area purchase” if the price is below the channel formed , this area is called “selling area” .
Trading signals for a deal to buy:
We look at the selected price schedule – if the candle on the hourly interval breaks the channel of 2 EMA, and then closes above the channel , either directly in the channel (between 2 medium), we need to wait until a fractal graphics. This fractal will be the filter for installation of a pending order to buy BuyStop (a variant 1 of 5 candles this fractal should close either above it or in it).
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“Vegas-wave” strategy