Forex Strategy "Dzhankone for 5 minutes" - to trade on the forex strategy, I recommend that you first download and read the "Tutorial pin bars", and only then proceed to the development of the tactics of trade on forex.
Pin bar looks something like this:
Good Ping bar should be:
- Snook (in comparison with the body)
- Issued a very forward
- Opening and closing the pin should be close
I remind you that more information about Ping bars can be found here: "Tutorial pin bars"
The technical side of forex strategy:
To trade on forex strategy "Dzhankone 5 minutes" will need to adjust a bit the price chart, namely:
1) Set the RSI (6) -one is used to find the divergence.
2) Install Bolinger Bands indicator (18.2), we use to find the trend on the market. And you can trade from its borders if there is sideways and in the presence of pins.
3) Set the moving averages 50 SMA and 21 EMA - need to determine the trend in the market.
I recommend trading the following currency pairs: eurusd, eurjpy, gbpusd, usdjpy.
Timeframe - 5 minutes (M5).
forex "Dzhankone for 5 minutes" strategy consists of 2 fairly simple signals. However, you should always remember that the best deal in the forex - it deals concluded with the trend.
