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Morning 2 Trendlines Forex Strategy

Mar 3, 2014

This forex strategy is very simple but it proved give profitable trade. Only use 2 lines trendline tool during in the morning or starting of the day. We recommend you have to first understand how to use the trendline line tools in Metatrader 4. And try this forex strategy in virtual account first before applied for real trading

How to Make Morning 2 trendlines

1. Open MT4 Chart on 1H time frame, recommeded pair are EURUSD or EURJPY
2. Use the line separator period to see prices from day to day
3. Pull trendline from Highest yesterday to the Highest of the first candel on this day.



4. Pull trendline from Lowest yesterday to the lowest of the first candel on this day.




Open Position Rules

After you make 2 trendlines, now wait a second candel close on this day .

1. Open BUY if second candel close above the trendline.
2. Open SELL if second candel close below the trendline
3. If the second candel doesn't close above/below the trendline, then wait for the next candel.
4. Use your money management to take profit and stop loss. You can take profit near supply and demand or support resistance line






5 Minutes Momo Forex Strategy

Feb 20, 2014

The name of the system is 5 Minute Momo Forex Strategy. This forex system was introduced at "High Probability Trading Setups for the Currency Market" By Kathy Lien and Boris Schlossberg.  It is a simple Scalping Strategy using indicators of EMA and MACD.



Setup
EUR/USD 5 Minutes timeframe
EMA period 20
MACD  (12,26,9)


Open Buy Position When:

  1. Look for currency pair to be trading below the 20-period EMA and MACD to be negative
  2. Wait for price to cross above the 20-period EMA, make sure that MACD is either in the process of crossing from negative to positive or have crossed into positive territory no longer than 5 bars ago
  3. Go long 10 pips above the 20-period EMA
  4. For aggressive trade, place stop at swing low on 5 minute chart. For conservative trade, place stop 20 pips below 20-period EMA
  5. Sell half of position at entry plus amount risked, move stop on second half to breakeven
  6. Trail stop by higher of breakeven or 20-period EMA minus 15 pips


Open Sell Position When

  1. Look for currency pair to be trading above the 20-period EMA and MACD to be positive
  2. Wait for price to cross below the 20-period EMA, make sure that MACD is either in the process of crossing from positive to negative or have crossed into negative territory no longer than 5 bars ago
  3. Go short 10 pips below the 20-period EMA
  4. For aggressive trade, place stop at swing high on 5 minute chart. For conservative trade, place stop 20 pips above 20-period EMA
  5. Buy back half of position at entry minus amount risked, move stop on second half to breakeven
  6. Trail stop by lower of breakeven or 20-period EMA plus 15 pips

Tom's Simple 7 Strategy

Feb 11, 2014

Tom's Simple 7 forex strategy using EMA indicator setting 7 (close) as a determinant in taking open position. This scalping forex strategy work good on any time frame. It's a simple strategy but good enough to read the direction of price movement. Premises should be combined with higher timeframe. And you can add your indicators if you like.


How to setup the chart:

  • Set a 7 close price EMA.
  • Set a 50 close price EMA
How to Trade

If the 7 EMA is lower than the 50 EMA trade only the short opportunities for maximum risk/reward. So if the closed candles are below the 7 EMA trade short.

If the 7EMA is higher than the 50 EMA trade only the long opportunities for maximum risk/reward. So if the closed candles are above the 7 EMA trade long.


This is a trend-based strategy. The 50 EMA is there to indicate an increasing, decreasing or consolidation trend. I would not be interested in trading this strategy in a period of consolidation.

Warning:
These instructions expect that you have basic trading experience and is not meant to teach or train you in trading derivatives or forex. With that said, you can use this method on any timframe, but since we are differentiating the positions above and below the 7 EMA that means you will have to monitor your trade constantly after you enter it.

Note:
This method was left simple to allow people to use it as I basically set it forth, but also to allow you to adjust it to meet your needs and allow room for your new ideas based on it.

Dolly Forex System Indikator Ver 13

Aug 30, 2013

Dolly Forex System was developed in Forex TSD forum and now Dolly indicators has build in version 13. Until now, this indicator was claimed still give profitable result, and it had shared on many forex forum.

Forex Dolly method is very simple, wait for break buy or break sell, directly open position when meet this condition. The profit targets was set in 1st and 2nd target. Thid Dolly indicator suitable in any currency pair on H1 timeframe.



This picture was taken on April 11, 2012 on GBPUSD Chart. Price hit 1st and 2nd target at once.


DOWNLOAD Dolly Forex System Ver 13  Pass: www.proforexstrategy.com

Extract and put Dolly indicator in your indicators folder on your Metatrader 4 platform.

Source: Forex TSD

Genesis Matrix Trading System

Jul 3, 2013

This forex strategy use Heiken Ashi candles as the main indicator. This is because
1. HA candles tend to smooth out a lot of the 'noise' associated with trading the M5 chart
2. It prevents you becoming biased to the long or short side due to traditional Japanese candlestick patterns and formations, which are inherently unreliable on the small Time Frames (TF).

Though looks like a simple forex strategy but this strategy is not for new beginner trader. At least you already know how trading with Metatrader for a few months.
Genesis Matrix Trading System works on all time frame but suggested using the M5 or M15. Works best in a trend rather than a ranging market. Can use in any pair. Gold and Oil work as well also.

Genesis Matrix Trading System


This strategy is based on the following Genesis indicators :
• Genesis Matrix
• Heiken Ashi candles
• EMA 5 (yellow line)
• M5 stochastic
• M15 MTF stochastic
• M5 Arrow
• M15 MTF Arrow

ENTRY RULES

ENTRY 1 : Standard Genesis LONG/SHORT rule
1) 4 matrix dots with the same colour after the current bar is closed.
2) M5 stoch crossover and moving out from 20-80 overbought levels.
3) HA bar open above/below EMA5.
The M5 Arrow…..now we don’t always wait for the arrow because in a sudden PA reversal it may be late…but….if a M5 arrow doesn’t arrive within the next couple of candles, the trade must be monitored more closely for a possible early exit.

ENTRY 2 : 5_15 Genesis LONG/SHORT rule
This entry is the same as standard one but we use M15 arrow as a filter and we enter in the market only in the direction of the M15 arrow. As you can see from the following statistics, this increases the return of the system using either exit strategy.

Download Genesis Matrix Trading System eBook
Download Indicator and template

Learn more about this System at Forex Factory


Renko Chart and Magnetis Line

Jan 20, 2013

Renko Chart and Magnetis Line forex strategy is simple strategy but very profitable. It has several indicators used to predict price direction and knowing when price has reached over bought or over sold. Can be used in many pairs like EURUSD and GBPUSD.

What you need to setup this forex strategy?
All you need are indikators+Renko EA and guide how to install this indicator on your metatrader chart. You can download this indikator here Renko Chart and Magnetis Line Indicators

Open BUY Position :

  • Observe the price must touch first magnetic white line (150)
  • Shown blue SEFC Indi at least 2 boxes
  • Red candle become blue candle (change in trend)
  • MA Yellow Colour
  • Blue uni cross appeared

Confirm to BUY
When all the preparations are being match with the rule above
Then: Blue + aqua candle was already above the Blue MA Line. BUY position can be done. SL 50 TP 50-100 pips

Open SELL Position :

  • Observe the price must touch first magnetic white line
  • Shown RED SEFC Indi at least 2 boxes
  • Blue candle become Gold candle (change in trend)
  • MA Yellow Colour
  • Red uni cross appeared

Confirm to SELL
When all the preparations are being match with the rule above
Then: Red + gold candle was already below the Blue MA Line. SELL position can be done. SL 50 TP 50-100 pips




If the price touches the line magnetic red / blue (Magnetis 300).
BUY and SELL can be taken with the same rules as above, the differences are we use larger TP, it is 100-150 pips.  Happy Trading :)

Kijun-Sen Bandit Forex Strategy

Nov 29, 2012

“Kijun-Sen Bandit” Forex Strategy is a simple but powerful strategy in forex trading. Work fine in H1 Time frame for major currency pairs: EURUSD, GBPUSD, USDJPY and USDCHF.

Indicators: 
  1. Kijun-Sen (26,9) - A key indicator in this forex strategy, because it enables the point of equilibrium in the market.  
  2. Exponential Moving Average EMA (8) - red and EMA (24) - blue. 
  3. The indicator forex BBands_Stop_v1 - based on Bollinger Bands. It allows you to define stop-loss level, a trend and reverse signal in the market. 
  4. ADX (14), with set at levels 20, 30 and 40. 
  5. Forex Indicator - MACD (12,26,9). 
  6. Stochastic Oscillator - Stochastic (30,10,10), drag and placed it with MACD. ADX  was used to confirm a trading signals - determine the yield rates from the overbought and oversold (the intersection with the levels: 20 and 80).

Buy when:

  1. The price rose above the indicator line Kijun-Sen (yellow line) 
  2. Red EMA (8) crosses the blue EMA (24) from the bottom to up. 
  3. The indicator BBands_Stop_v1 draws under the price of big red dot (hereafter becomes a line with points). 
  4. ADX line and the line of DI should over its level 20 and growing. 
  5. The histogram of the MACD indicator is located on the positive side (above its zero line).
Sell When:
Price and indicator move opposite the BUY rule.

Stop Loss:
For safety stop-loss order should be set higher by 1-2 ticks level indicator forex BBands_Stop_v1. And then it should move forwards prices higher next traced the points of the same indicator (BBands_Stop_v1). 

Close Position:
To closig position should be in any of the 2 cases: 
  1. Candle closed at the opposite side of the indicator Kijun Sen. 
  2. Reverse the intersection of 2 exponential moving averages. For opening and closing on sale of acting opposite rule. 
Addendum: Move your stop loss to breakeven after reached 20-30 points in the direction of trade position. And also, if you wish, you can close part of the position.


Download Kijun-Sen Forex System Indicator:    

BBMA Forex Strategy

Sep 25, 2012

BBMA or Bolinger Band + Moving Average forex system is a pretty popular strategy these days. Many traders use this strategy and they find it’s quite helpful to predict the price movements. Mainly to predict the big trend and find where and to where prices will move.

This forex strategy can be used on any time frame but It’s recommended used on timeframe H4 and H1 to know the big trend anda use M15 for make entry decision. On pair EURUSD, GBPUSD or USDCHF.




Setup the Indicators on your chart 
  1. Add Bolinger Band Period 20, Deviation 2 
  2. Add Bolinger Band Period 20, Deviation 1 
  3. Add Moving Average Period 5, MA method : Linear Weighted, Color : RED, Apply to : High 
  4. Add Moving Average Period 5, MA method : Linear Weighted, Color : PURPLE, Apply to : Low 
  5. Add Moving Average Period 55, MA method : Expotinential, Color : Aqua, Apply to : Close 

How to trade 
  1. Determine the big trend by looking the Moving Average (MA 55) on timeframe H4 and H1, look if the candel prices is below candlestick or above. If they're below of MA 55 then we are going to find any chance to sell on TF M15. And vice versa if they're above of MA 55 then we're going to find any chance to buy on TF M15. 
  2. In time frame M15 the best signal for entry when the candlestick touch upper or lower bollingger band, Especially when you see good signs for candel reverse like doji or long shadow. 

It’s very recommended to use this forex strategy using your demo account until you familiar with it at least 3 months. After that you can go with your live account. Happy trading…!


Download BBMA indicator :  BBMA indicators and Template


Credit : dollarsmagic from mt5 forum
 
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