It is an intraday strategy for trading the major currency pairs with JPY, based on three authors indicators and envisaging the enter into the market on reversal of a trend or by catching existing movement.
It works with a stop-loss and trailing-stop that provides signals for closure a deal on rollbacks, i.e. get the whole trend is not an end in itself. It demonstrates good results in trading.
Settings
- Pairs: EUR/USD, GBP/USD, AUD/USD, USD/JPY, EUR/JPY , GBP/JPY USD/CHF
- Time frame: H1
- Indicators: XP Moving Average, Hull Moving Average, FSS
Buy Signals
- Price crossed all moving averages bottom-up and closed above the lines.
- XP Moving Average is below Hull Moving Average or just crossed it bottom-up.
- XP Moving Average is green.
- Hull Moving Average is blue.
- FSS is blue.
- Signal could be obtained in any sequence, but at the closure of a candlestick they must be active.
- At the opening of the next candlestick – buy
- Another purchase deal may be done only when price will cross moving averages top down and will from a new signal. Closure of a candlestick has to be taken into account.
Sell Signals
- Price crossed all moving averages top down and closed below the lines.
- XP Moving Average is above Hull Moving Average or just crossed it top down.
- XP Moving Average is red.
- Hull Moving Average is brown.
- FSS is red.
- Signal could be obtained in any sequence, but at the closure of a candlestick they must be active.
- At the opening of the next candlestick – sell.
- Another sell deal may be done only when price will cross moving averages bottom-up and will from a new signal. Closure of a candlestick has to be taken into account.
Monitoring of a deal
- Stop-loss is -30 points. Take profit is +60 points.
- The transaction is transferred to breakeven if profit reaches +25 points.
- No deals are made while the current trade is active.
