Ok, this is NOT my original idea. I just pick up the pieces and put together.
I DO NOT KNOW IF THIS WILL BE A WINNING STRATEGY INTO THE FUTURE OR NOT! I JUST NOTICED FOR THE PAST ONE YEAR THAT IT HAS GENERATED POSITIVE RESULTS FOR ME!
Here's how:
Currency: EUR/USD, GBP/USD, EUR/JPY, GBP/JPY
Time frame: 1 HOUR
Indicators: RSI (7), MACD DOT (5,200,3)
BUY SİGNAL: After RSI (7) touched 25 level from below, wait for the first Blue MACD dot appears, then buy.
Exit for BUY:
1. When RSI touch 75 level from below; or
2. Using Fib level or
3. Using Daily Pivot of Support & Resistant or
4. Jumping Stop Loss or
5. Trailing Stop Loss or any other way(s) that suits you
SELL SİGNAL: After RSI (7) touched 75 level from above, wait for the first Red MACD dot appears, then sell.
Exit for SELL:
1. When RSI touch 25 from above or
2. Using Fib level or
3. Using Daily Pivot of Support & Resistant or
4. Jumping Stop Loss or
5. Trailing Stop Loss or any other way(s) that suits you
Trade 24 hours. Please use the link below for the screenshot:
http://my.jetscreenshot.com/3623/20100623-kmpn-268kb
Note: Please start from your left and follow the comments to get an idea. You will see three (3) Short Entries hit SL in my examples. However, with the feature of either Trailing SL or Jumping SL, those losing trades will be avoided.
Money Management:
I use hard Stop Loss of 50 pips. You adjust for your own risk level.
Note: You may want to use the direction of SMA 200 on H1 or Daily chart or any other way(s) to filter out losing trades. I use none. Constructive suggestions are welcome.
That's it! Nothing else!
Victor
I DO NOT KNOW IF THIS WILL BE A WINNING STRATEGY INTO THE FUTURE OR NOT! I JUST NOTICED FOR THE PAST ONE YEAR THAT IT HAS GENERATED POSITIVE RESULTS FOR ME!
Here's how:
Currency: EUR/USD, GBP/USD, EUR/JPY, GBP/JPY
Time frame: 1 HOUR
Indicators: RSI (7), MACD DOT (5,200,3)
BUY SİGNAL: After RSI (7) touched 25 level from below, wait for the first Blue MACD dot appears, then buy.
Exit for BUY:
1. When RSI touch 75 level from below; or
2. Using Fib level or
3. Using Daily Pivot of Support & Resistant or
4. Jumping Stop Loss or
5. Trailing Stop Loss or any other way(s) that suits you
SELL SİGNAL: After RSI (7) touched 75 level from above, wait for the first Red MACD dot appears, then sell.
Exit for SELL:
1. When RSI touch 25 from above or
2. Using Fib level or
3. Using Daily Pivot of Support & Resistant or
4. Jumping Stop Loss or
5. Trailing Stop Loss or any other way(s) that suits you
Trade 24 hours. Please use the link below for the screenshot:
http://my.jetscreenshot.com/3623/20100623-kmpn-268kb
Note: Please start from your left and follow the comments to get an idea. You will see three (3) Short Entries hit SL in my examples. However, with the feature of either Trailing SL or Jumping SL, those losing trades will be avoided.
Money Management:
I use hard Stop Loss of 50 pips. You adjust for your own risk level.
Note: You may want to use the direction of SMA 200 on H1 or Daily chart or any other way(s) to filter out losing trades. I use none. Constructive suggestions are welcome.
That's it! Nothing else!
Victor
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MACD_Dot.mq4
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