Forex strategy "multi-Currency" - indicator Forex strategy (currency pair can be any), trading in the strategy is conducted at intervals H4-D1, using the signals of the following Forex indicators: Moving Average, Heiken Ashi, RSI, Stochastic Oscillator.
1) Moving average with a period of 150, method-Smoothed, apply to close
2) Forex indicator Heiken Ashi
3) RSI indicator (3), adding levels 80 and 20
4) indicator Stochastic Oscillator (6,3,3), add the levels of 70 and 30
for easy installation of all Forex indicators, I recommend using the MetaTrader 4 template, which you can download at the end of the Forex strategy.
We conclude a SALE transaction if:
1) the Price is below the moving average MA (150)
2) the RSI indicator (3) being above its overbought level-80, breaks it from top to bottom and turns out to be below it at the close of the candle
3) the Stochastic Oscillator indicator (6,3,3) being above its overbought level-70, breaks it from top to bottom and turns out to be below it at the close of the candle
4) the Forex indicator Heiken Ashi can be used at will, if you use it, it should turn red for sales transactions
5) set the Stop loss above the nearest maximum.
6) Take profit will be set at will:
- equal to the stop loss value
- close part of the transaction when the profit is equal to the stop loss value, move the position to the breakeven level or put it on a trailing stop (if desired, you can use a Universal trailing stop)
- close a trade when the Heiken Ashi indicator changes its color to the opposite (for sales transactions — to white)
7) when trading on this Forex strategy, as with all other Forex strategies, I recommend using the rules of money Management. And also do not forget that only a Disciplined trader can earn money on a regular basis on Forex !
For transactions on the purchase — check the conditions !