Hi folks,
my name is Nikola and that is all you need to know about me.LOL
If you are interested in more info,go to the my another thread "Nikola's Trading LAB" and find out who stands behind ALL THIS
I'm here to represent a new strategy which I consider as good and potentially profitable.
I will try to be shortest as possible with intro but also we need to define some stuffs which is very important.
This strategy is essentially swing / supported by trend.
But also it could avoid trend reversals (if we are smart enough).
I tried to made smart strategy combined with both fundamental and technical parts.
From techical point of view we will use indicators :
1.(MACD adjustable)
2.EMA 55
3.EMA 200
And from fundamentals we will follow the monetary policy and doing weekly analysis about strenght of the currency.
From my point of view a good investment come from good analysis.
We can't treate all currency pairs (or any single) same.They are all "different kind of animals" (as Joe Rogan says).
So we will smart invest in strong currencies and look to strike weak currencies at the moment.
You can look on this as CURRENCY WAR! (for fun)
So main idea is to follow strong currencies and use trend to beat weak currencies.
Of course we will test on all pairs (independent from weak and strong) but it is the main idea of strategy.
I will not waste my time to explain why I use 55 EMA and 200 EMA , experianced traders would know.
You got the base IDEA I hope ,so let's define rules.
All WAR GAME plays on three charts Daily,H4 and H1.
D1 chart -for trend consideration.
We use MACD adjustable for trend consideration.
If you are not familiar with that indicator it's a some new version of old MACD.
MACD is a trend-following momentum indicator that shows the relationship between two moving averages of prices.
Our settings for MACD will be (21,55,9)
Fast EMA 21
Slow EMA 55
Signal SMA 9
H4 chart - for specifying point of trading consideration
On this chart we use EMA 55 (bold blue)
And H1 chart -for entry
Here we will use "strong" EMA 200
Trading rules:
Sell
1.Open D1 watch MACD adjustable
Look for trend (we are looking for clear trend).If there is strong trend that is the better chance for us.
If there is downtrend (red EMA must be above blue and both must be pointing downwards) we are looking for sell opportunities
2.THEN open H4 and watch EMA 55 ! (blue one)
Looking for price (candle) to be near EMA 55
3.Open H1 and watch EMA 200 for entry position
When price goes below EMA 200,candle must be opened and closed below EMA 200 and we enter trade
That are rules for selling
It's not complicated.
For buying the rules are opposite:
BUY
1. D1- MACD shows uptrend
Red EMA must be below blue and both are upside pointed
2.H4 - EMA 55
SAME as before looking for price to be near EMA 55
3.H1-Price must be above 200 EMA,when candle reach 200 EMA and candle opens and close above EMA 200 we enter trade!
You define Take Profit.
Take profit is always a question of choice and risk appetite.
I suggest to put TP near last resistance.
Previous low/high,or near supply or demand levels) as you wish.
I was also thinking about putting ADX indicator on Daily chart to show strenght of the trend but it is not that necessary I guess.
If we use this strategy on certain pairs (supported with strenght of the currency and fundamentals - macroeconmics) we won't need that.
That is the strategy and idea.
I INVITE ALL TRADERS TO BE PART OF THIS !
TO TAKE PART OF THIS STRATEGY AND DEVELOPES THIS STRATEGY WITH ME
LET'S MAKE ONE MORE GOOD PROFITABLE STRATEGY HERE IN FF AS COMUNITY!
Don't be lazy.
*Tommorow or later I will post template and indicators.
From Monday we will start
Indicators:
We don't need to copy both indicators but we will for any case
Template:
How to install:
I made this how to install guide because when I was at the first beginning that means me a lot.
So for the newbies ,enjoy.You don't need to waste time searching how to install indicators (particular in this new mt4).
JOIN US ON FACEBOOK GROUP!
https://www.facebook.com/groups/1574313876127097/
UPDATE:
This picture might help you if your English is not perfect (language barrier is always a problem).
UPDATE: Here is video about this strategy,hope that you will find some answers here.
my name is Nikola and that is all you need to know about me.LOL
If you are interested in more info,go to the my another thread "Nikola's Trading LAB" and find out who stands behind ALL THIS
I'm here to represent a new strategy which I consider as good and potentially profitable.
I will try to be shortest as possible with intro but also we need to define some stuffs which is very important.
This strategy is essentially swing / supported by trend.
But also it could avoid trend reversals (if we are smart enough).
I tried to made smart strategy combined with both fundamental and technical parts.
From techical point of view we will use indicators :
1.(MACD adjustable)
2.EMA 55
3.EMA 200
And from fundamentals we will follow the monetary policy and doing weekly analysis about strenght of the currency.
From my point of view a good investment come from good analysis.
We can't treate all currency pairs (or any single) same.They are all "different kind of animals" (as Joe Rogan says).
So we will smart invest in strong currencies and look to strike weak currencies at the moment.
You can look on this as CURRENCY WAR! (for fun)
So main idea is to follow strong currencies and use trend to beat weak currencies.
Of course we will test on all pairs (independent from weak and strong) but it is the main idea of strategy.
I will not waste my time to explain why I use 55 EMA and 200 EMA , experianced traders would know.
You got the base IDEA I hope ,so let's define rules.
All WAR GAME plays on three charts Daily,H4 and H1.
D1 chart -for trend consideration.
We use MACD adjustable for trend consideration.
If you are not familiar with that indicator it's a some new version of old MACD.
MACD is a trend-following momentum indicator that shows the relationship between two moving averages of prices.
Our settings for MACD will be (21,55,9)
Fast EMA 21
Slow EMA 55
Signal SMA 9
H4 chart - for specifying point of trading consideration
On this chart we use EMA 55 (bold blue)
And H1 chart -for entry
Here we will use "strong" EMA 200
Trading rules:
Sell
1.Open D1 watch MACD adjustable
Look for trend (we are looking for clear trend).If there is strong trend that is the better chance for us.
If there is downtrend (red EMA must be above blue and both must be pointing downwards) we are looking for sell opportunities
2.THEN open H4 and watch EMA 55 ! (blue one)
Looking for price (candle) to be near EMA 55
3.Open H1 and watch EMA 200 for entry position
When price goes below EMA 200,candle must be opened and closed below EMA 200 and we enter trade
That are rules for selling
It's not complicated.
For buying the rules are opposite:
BUY
1. D1- MACD shows uptrend
Red EMA must be below blue and both are upside pointed
2.H4 - EMA 55
SAME as before looking for price to be near EMA 55
3.H1-Price must be above 200 EMA,when candle reach 200 EMA and candle opens and close above EMA 200 we enter trade!
You define Take Profit.
Take profit is always a question of choice and risk appetite.
I suggest to put TP near last resistance.
Previous low/high,or near supply or demand levels) as you wish.
I was also thinking about putting ADX indicator on Daily chart to show strenght of the trend but it is not that necessary I guess.
If we use this strategy on certain pairs (supported with strenght of the currency and fundamentals - macroeconmics) we won't need that.
That is the strategy and idea.
I INVITE ALL TRADERS TO BE PART OF THIS !
TO TAKE PART OF THIS STRATEGY AND DEVELOPES THIS STRATEGY WITH ME
LET'S MAKE ONE MORE GOOD PROFITABLE STRATEGY HERE IN FF AS COMUNITY!
Don't be lazy.
*Tommorow or later I will post template and indicators.
From Monday we will start
Indicators:
We don't need to copy both indicators but we will for any case
Template:
How to install:
I made this how to install guide because when I was at the first beginning that means me a lot.
So for the newbies ,enjoy.You don't need to waste time searching how to install indicators (particular in this new mt4
).JOIN US ON FACEBOOK GROUP!
https://www.facebook.com/groups/1574313876127097/
UPDATE:
This picture might help you if your English is not perfect (language barrier is always a problem).
UPDATE: Here is video about this strategy,hope that you will find some answers here.
Inserted Video
