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Two Candle Breakout Forex Strategy

Dec 16, 2016

I've heard in many forex forum that two candle breakout system is a simple but profitable trading strategy. We don't need any indicators but only candlestick or bar. It can use in any time frame but H4 timeframe or higher is better because of many fake breakout on lower time frame.

Two Candle Breakout Forex Strategy


The two candle breakout strategy is designed to capture reversal momentum immediately. When combined with candlestick pattern, SnR, SnD, this 2 candle breakout strategy will be more powerful. Here are the rules of this method in daily candle:


Long trades
  • Today’s low is lower than the previous day low
  • Today’s high is lower than the previous day high
  • Today’s close is lower than the open
Go long postion at the next day candle  if the price goes above today’s high + 1 tick. If no breakout, there is no trade and wait for another signal.

Exit: Use a trailing stop at previous day’s low


Short trades

  • Today’s low is higher than the previous day low
  • Today’s high is higher than the previous day high
  • Today’s close is higher than the open

Go short position at the next trading bar if the price goes below today’s low - 1 tick. If no breakout, there is no trade and wait for another signal.

Exit:  Use a trailing stop at previous day’s high


For moderat risk management, at least use 1:1 target ratio. Do not close the trade on the middle. So we only have two possibilities, hit stop loss or hit take profit. Stop loss shoukd be placed few pips below the current candle’s low (for Long position) and vice versa.

Aroon Plus Forex Strategy

Dec 8, 2016

Aroon Plus Forex Strategy  is a trend following system. This system can detect early movement of price trend.Using Aaroon and fisher indicator which running in 4H Chart,  Default setting Aroon and fisher indicator will be described in the detailed setup below. This forex strategy can run for all pair, but work best on pair major like EUR/USD, GBP/USD, USD/JPY.


Indicators

  • Aroon.mq4
  • Aroon.ex4
  • Fisher

Download all indicator : Aroon Plus + Fisher Indicator


Setup

The trend starts from the 4hour chart. Apply AROON 14 on the chart and fisher 21 periods (this shows the trend direction). The chart below is an uptrend.

Aroon Plus Forex Strategy


The Aroon indicator is 14 periods, wait for the Aroon to give counter trend (where the RED goes above the blue) mark this area as you can see in the chart below and move down to 15M timeframe

 Aroon indicator is 14 periods


Fisher indicator MTF


The 15M chart above: first fisher above is 15M fisher 21 periods. The last fisher is MTF fisher – fisher 21 of the 1h timeframe. For you to start buying, you need the mtf fisher to join the buy trend and wait for short fisher to give you RED. Buy for forty to fifty pips or more, your stop loss should be well planned.

Source: Crystal Markets

Auto Fibo Phenomena (AFP) Forex Indicator

Nov 23, 2016

There are many fibonaccy indicators on the internet, but most of them only determines fibonaccylevel as support and resistance. And it is still very unclear for many traders what Fibonacci retracement, r1, r2 and other levels are and how to trade with this level,

Auto Fibo Phenomena (AFP) indicator is very different. It is not only provide information price level but it will also provide forex signal for entry into the market. Auto Fibo will print BUY or SELL arrows automatically as signal and allow you to  trade based on Fibonacci levels without learning complicated fibo's level.

AFP is combination of multiple advanced indicators – ALL in one: Fibonacci levels + laser accurate trend indicator + + trades commentator. The hit rate of the indicator is about 75-85% in most currencies, but it working best in major pair like GBPUSD and EURUSD

Auto Fibo Phenomena Forex Indicator


Characteristics of Auto Fibo Phenomenon indicator

Platform: Metatrader4
Currency pairs: Any - Recommended GBPUSD and EURUSD
Trading Time: Any, recommended European session
Timeframe: Any, recommended H1 or H4

Rules for opening positions on the indicator Auto Fibo Phenomenon

Buy Entry:

When you see a green arrow pointing up. Stop Loss and Take Profit levels set by the indicator Auto Fibo Phenomenon.

Sell Entry:

When you see the red down arrow. Stop Loss and Take Profit levels set by the indicator Auto Fibo Phenomenon.

Auto Fibo Phenomena indicator gives an average of 1-2 signal on one pair per day. By setting indicator on few currency pairs can be prepared several dozen signals a day.

Donwload Auto Fibo Phenomena Indicator

Scalping Forex Method

Nov 2, 2016

This is a simple forex scalping system. Although some people may be thinking that it is a simple strategy and may even wonder if it can make you money, you need to know that the most profitable strategy are those that are easy and simple to execute.

1) Mark out the important support and resistance levels, typical support and resistance levels are
  • Fibonacci 0.618, 0.5. 0.328
  • Pivot Point S3, S2, S1, PP, R1, R2, R3
  • Previous high will be your current resistance and previous low will be your current support.

2) Use oscillating indicators like stochastic or RSI or even MACD can help you to time your entry more accurately.
  • If you are looking to SELL, you should try your best to wait for the oscillating indicator to go overbought and start to curve down.
  • If you are looking for BUY, you should try your best to wait for the oscillating indicator to go oversold and start to curve up.

Besides timing your entry, these oscillating indicators can also help you to time your exit.
  • If you go SHORT, you should be looking to exit your trade when the oscillating indicator reaches the oversold zone.
  • If you go LONG, you should be looking to exit your trade when the oscillating indicator reaches the overbought zone.

3) Confluence of Events – In trading, we should also wait for confluence of events to happen before we enter or exit a trade. Confluence of events refers to the situation where two or more conditions to enter a trade or exit a trade happen together. This can gives you more confident and assurance in the trade.
  • The best long entry point is when the price hits the support level with the oscillating indicator reaching the oversold zone and start to curve up.
Scalping Forex Method


  • The best short entry point is when the price hits the resistance level with the oscillating indicator reaching the overbought zone and start to curve down.
Scalping Forex Trading



Note to Readers:

Do note that the above strategy is a general strategy that has not been fine tuned. In order for you to trade with it, please fine it tune on a demo account. If you do not know how to fine tune a strategy, please read the below

Source :Forexindicator.org

HLHB Forex Trend-Catcher System

Apr 22, 2016

HLHB System simply aims to catch short-term forex trends. It is patterned after the Amazing Crossover System that Robopip once backtested. In fact, it was one of his highest-scoring mechanical systems in 2014! The system can be applied to any pair, but since I’m into major pairs, I’m applying it to the 1-hour charts of EUR/USD and GBP/USD.

HLHB Forex Trend-Catcher System


Chart settings
  • EUR/USD 1-hour chart or
  • GBP/USD 1-hour chart
  • 5 EMA: blue line
  • 10 EMA: red line
  • RSI (10) applied to the median price (HL/2)

Entry Rules

BUY when the 5 EMA crosses above the 10 EMA from underneath and the RSI crosses above the 50.0 mark from the bottom. SELL when the 5 EMA crosses below the 10 EMA from the top and the RSI crosses below the 50.0 mark from the top. Make sure that the RSI did cross 50.0 from the top or bottom and not just ranging tightly around the level.


Exit Rules

Use a 50-pip trailing stop and a 200-pip profit target. This increases the chances of the system riding longer trends. Close the trade when a new signal materializes. Close all trades by the end of the week.

Source: by Huck in babypips.com

Bearish Engulfing Candelstick Pattern

Apr 20, 2016

Bearish Engulfing is reversal type of candlestick pattern. If we detect this pattern during bullish trend period it mean trend is going to change to bearish (Reliability Medium).

http://www.proforexstrategy.com/2016/04/bearish-engulfing-candelstick-pattern.html

Bearish Engulfing Pattern is a large red real body, which engulfs a small green real body in an uptrend (it need not engulf the shadows). The Bearish Engulfing Pattern is an important top reversal signal.

How to recognize Bearish Engulfing Pattern:

  1. Market is Bullish – uptrend.
  2. We see a green candlestick in the first day.
  3. Then we see a red candlestick that completely engulfs the real body of the first day.

Profitable S/R Forex System

Apr 19, 2016

Profitable S/R Forex System is very simple forex system, but it's proven very profitable. This system is built on a powerful indicator showing important S / R zones. It show only the resistance and support on the high quality price zones only. So the indicator doesn't draw a lot of the zones, but it draws only the important ones.

Profitable S/R Forex System


However, its main advantage is that it also shows us the quality of resistance and support zones. Or rather, how many times the market tested a given zone (S / R). Here, logically, the more times the market tested the zone, the zone will be stronger and more valid.


Settings of the indicator

The indicator has more settings, but the Factor and zone_extend are the most important for us:
  • Factor = how strong S / R zones should the indicator show (default 0.5)
  • Zone_extend = whether the indicator should connect near S / R zones together (default false)

How to trade using S/R Indicator

The whole trading system can be traded on any market and any timeframe (which is a big advantage). The lower the timeframe you choose, the more you will receive signals (more trades), but logically the trades will be shorter (faster opened and closed). It is up to every trader to choose the trading style that suits him.

The trading system is very simple and consists in the search for strong S / R levels (those which have been tested by the market at least once, but ideally 2 to 3 times).

Once the price hits the strong S / R zone (previously tested by the market), I open a trading position against the direction of the market (I use limit orders). Then I hold the trade until the price reaches the opposite S / R zone.


Buy trade:

Price reaches the strong support (must be tested at least once). Open the buy trade. Set TP below the closest resistance. The SL is the same amount of pips from the entry price as TP.


Sell trade:

Price reaches the strong resistance (must be tested at least once). At that moment, open the sell trade. Set TP above the nearest support. The SL is the same amount of pips from the entry price as TP.

Download : Support and Resistance S/R Forex Indicator

Support and Resistance Forex Indicator

Jan 22, 2016

Support and resistance forex indicator is very useful to create S/R zone lines. With this indicator it will automatically create zones of S / R with high potential in your Metatrader charts. This indicator is suitable for trading reversal.

http://www.proforexstrategy.com/2016/04/support-resistance-forex-indicator.html


This indicator will also tell you where the line S / R has been tested and where the lines are newly formed. The point is the more times the market tested the zone, the zone will be stronger and more valid. And it meand there is a great opportunity to generate profits in trading reversal.




How to use this forex indicator please visit Profitable S/R Forex System

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Renko Ashi Trading System 2

Jan 10, 2016

Renko Ashi Trading System was posted firstly in forex-TSD forum by a trader named Mr Nim. He said that he has made a lot of success since he discovered the renko forex system and started using it. But we must know that just like any other system or strategy, there is no holly grail system in forex trading so it si not a 100% winning system, there will be losers here and there and moreover. So good money management will be very necessary in this strategy.

Renko Ashi Trading System 2


It is recommended to use the renko ashi 2 system on the following pairs EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY, EUR/JPY, GBP/JPY, AUD/JPY, CHF/JPY, CAD/JPY, GBP/CHF, EUR/GBP or any forex pair that has a spread of less than 10 pips.

This trading system use Non Time-frame analysis called the Renko Chart. In the Renko Chart time is not of concern or time is not what causes separation of one bar/candle to another, the emphasis is on the price and the movements in pips.

For example a 10 pip renko chart will display candles that are 10 pips big and what separates one candle from another is 10 pips of movement. Hence using a renko chart the noise of time-frame based chart are removed and it shows you the chart based on the movement of the market in pips. Time-frame is one easy way of losing money in Forex because if you are using a GMT Broker the candles look different, if you are using a GMT+2 broker candles look different and if you use a GMT+3 broker it looks different. So basically it’s the best way of losing money because indicator reading looks different from broker to broker, candles look different from broker to broker. As forex traders we only need to be concerned of one thing that is the PRICE, because that’s what we are dealing with, Price is what makes people want to buy or want to sell. Change of price is what is the deciding factor between Earning and losing. When
the price of a currency is low it gets into supply/demand, when the price of a currency is high it gets into selling from buyers for a profit. So we just need to be concerned with Price and with Pips in Forex.  Here are Renko Ashi Trading System 2 Rules :


Buy Rules

1. Make sure the candles are green in color
2. Make sure the MA_in_applied price is blue
3. Make sure the candles are broken out of the 2 Moving Averages channel
4. Make sure the MACD is flipped Up and Signal is Green
5. Enter a Buy and place the stoploss on the other side of the 2 moving averages channel.

Renko Ashi forex rules Buy



Sell Rules

1. Make sure the candles are red in color
2. Make sure the MA_in_applied price is red
3. Make sure the candles are broken out of the 2 Moving Averages channel
4. Make sure the MACD is flipped Down and Signal is Red
5. Enter a Sell and place the stoploss on the other side of the 2 moving averages channel.


Renko Ashi forex rules Sell


Download Indikator and complete rule Renko Ashi 2 Trading System Download

Candelstick Patterns

Dec 21, 2015

The Japanese began using technical analysis to trade rice in the 17th century. While this early version of technical analysis was different from the US version initiated by Charles Dow around 1900, many of the guiding principles were very similar.
 
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