5x5 Simple system
Just look what this trading strategy has to say. It's a simple yet quite promising Forex trading method. Trading strategies like this can only be discovered through a long and determined observation of the price behavior.
Time frame: 1 day
Indicators: 5 SMA, RSI 5
Entry rules: Buy when the price crosses over 5 SMA and makes + 10 pips up, the RSI must be over 50. Sell when the price crosses below the 5 SMA and makes +10 pips down, the RSI must be less than 50.
Exit rules: not set.
It is a very very simple system, yet with quite impressive results.
Always remember to take actions/enter the trade only after the signaling candle is closed.
This Strategy or trading idea can be used to create more advanced trading version.
Indicator is added!Setups indicator - CandleTF - 1440... TerminalTF M5...I desire to you the success!The best system!
Hi,I want to share with you a method for getting you 30 pips a day, then quit.using only 3 moving averages and the stochastic indicator on the 5 min chart200 ema, 50 ema, 20 ema,14,3,3, stochastic settingtrend linesthat's it, nothing fancy
The Parabolic SAR Indicator Trading Strategy is based on the Parabolic SAR Indicator. This is how the parabolic sar works: when the market is in a downtrend, the parabolic sar will form above the candlesticks. This should give you the heads up that the uptrend may have ended and the market may be now going down. when the market is in an uptrend, the parabolic sar indicator will form below the candlesticks. Then you know that the downtrend may have ended and now the market is probably going to go up. The Parabolic SAR Indicator Is also good at making it clear to you the market swings. The Parabolic SAR Indicator Trading Strategy is one of the simplest forex trading strategies using the parabolic sar indicator just as it is: without any other forex indicators. What timeframes are suitable to trade the parabolic sar indicator trading strategy? Use the 4hr & the daily timeframes to trade this strategy. You may also use the 1hr timeframe-but this may lead to too many false signals. If you are trading in the smaller timeframes like the 1hr and below, it is important that you be aware of existing larger trends that may override the little trends that you may be trading on. HOW TO TRADE THE PARABOLIC SAR For Buy Setup: Wait until the parabolic sar dot forms below the candlesticks. Place your buy stop order above the high of the candlestick that the parabolic sar indicator formed under. Place your stop loss 5-10 pips below the low of that candlestick. Exit your trade when the parabolic sar indicator gives a sell signal (when a dot forms above a candlestick) For Sell Setup: Wait until parabolic sar dot forms above the candlestick. Place your sell stop order 3-5 pips below the low of that candlestick. Place your stop loss 5-10 pips above the high of that candlestick. Exit your trade when the parabolic sar indicator gives a buy signal (when a dot forms below a candlestick) DISADVANTAGES OF THE PARABOLIC SAR INDICATOR Responds late to price moves so your trade entries are made after a move (either upward or down) has happened. Because the Parabolic SAR indicator Responds late, your stop loss placements are not in the ideal locations (like behind support and resistance levels) A flat or non trending market in consolidation will cause you grief because there will be too many false signals. THE POSITIVES OF THE PARABOLIC SAR If you are new forex trader, this is a simple swing forex trading strategy which you can use to practice to trade the forex market. in a good trending market, the parabolic sar indicator forex trading strategy will work very well.