forex "tracer salad" strategy based on two moving averages EMA, Stochastic and the RSI is a quite effective and very simple trading system on a combination of the popular forex indicators. The analysis of the signals of each of these indicators gives a strong clue for opening and closing trading positions in good conditions, in which the chance of profit is very large. FX This strategy works on all time slots (but preferably more than 15 - 30 minutes) and all currency pairs.
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And so to start on schedule vabrannoy currency pair in Metatrader 4, you must set the following indicators forex: 5-period exponential moving average EMA, 10-period EMA, Stochastic with the following parameters (14, 3, 3), the RSI (14) to set levels 30, 50, 70.
Rules of entry into the market in the direction of dilinnuyu Strategy Forex "tracer salad":
We conclude a deal to buy as soon as the moving average EMA 5 crosses above the average EMA 10 and Stochastic Indicator lines are directed upwards. And zhestohastik should not be able perekuplennosti (i.e., should be no higher than 80.00). A forex RSI indicator must be above level 50.
Rules of entry into the short side on the forex strategy "tracer salad":
We conclude a deal to sell as soon as the moving average 5 EMA crosses the 10 EMA average top-down and the Stochastic Indicator lines are directed in the same down. And as stochastics should not be oversold (ie should not be below the level of 20.00) and inidikator forex RSI should be below 50.
Rules out of trading positions:
Moving Average 5 EMA crosses 10 EMA high in the opposite direction, or if the RSI indicator forex crosses your level 50 in the opposite direction.
The value of stop-loss and take-profit is mainly chosen individually in each case, but basically you need to oreentirovatsya local minima and maxima, as well as keep in mind the desirability of the transaction (ie, at the entrance to the market zhelaemayu profit should at least be privyshat 2 times the size of the stop-loss, and sometimes 3-5 times).
Just a good chance to keep your profit gives a trailing stop (including itreyling stop of 1 point) - the value is adjusted individually in zavisimoti valotilnosti on the currency pair and the selected time scale.
So I recommend to trade the forex never greedy and close the profit parts - it will allow you and make a profit and do not miss the chance to Catch a good trend.
Advantages of forex "tracer salad" strategy:
This tactic allows you to trade in a very good filter trade signalypoluchennye from different forex indicators, and thus to enter into transactions with greater accuracy.
One of the drawbacks of this Forex strategy is the fact that moving averages of 5 and 10 EMA can sometimes give early trading signals to the output of a position.
