The Fata Morgana strategy: a simple trending system
Fata Morgana trading strategy belongs to the category of trend, and gives signals for entry on the basis of indications of the complex of indicators.
Input parameters
- Currency pairs: any, EUR/USD is recommended
- Timeframe: H1, H4
- Trading time: 24/7
- Type of strategy: indicator, trending
Used indicators
- Price Channel - is used to install Stop Loss
- РriceChanel stop v1 - sends a signal to the intended input
- i Ttrend - indicates the direction of the trend.
Terms of opening a buy deal
Open a trade when the signals of Price Channel stop v1 and i Ttrend coincide:
- The Price Сhanel stop v1 indicator draws a bold green dot.
- The green line of the iTrend indicator crosses the red line.
Terms of opening a buy deal
Open a trade when the signals of Price Channel stop v1 and i Ttrend coincide:
- The Price Сhanel stop v1 indicator draws a bold purple dot.
- The red line of the iTrend indicator crosses the green line.
Setting Stop Loss and Take Profit
- We set the Stop Loss on the lower boundary of the Price Channel indicator when buying or on the upper boundary when selling.
- Take Profit is set at our discretion, or close the deal when the color of the Pricecanel stop v1 indicator changes.
According to ForTrader.org experts, the trading strategy Fata Morgana, as well as any other strategy, can be used in the real market only after a stable good results on a demo account.
Download indicators and strategy template for FataMorgana