Forex Strategy Black King v2.0

Black King trading strategy v2.0 - one-hour (H1), indicator. Designed for trading on any currency pair.

indicator

Black King trading strategy v2.0 is based on the signals of the following indicators:

– Exponential Moving Average (EMA) indicator with a period of 15, apply to Close. It is used as a filter for the flat area.
– Exponential Moving Average (EMA) indicator with a period of 40 apply to High and Low. They are used to determine trends in the market and also as a filter for sideways movement.
– RSI Velas TDI indicator is a combination of the TDI and RSI, gives signals in the form of single bars.
– STF indicator shows the volatility of the price:

- histogram columns are below 0 (negative) - weakening of the price;
- histogram columns are above 0 (positive) - price amplification.

– AutoPivot indicator defines Pivot, support and resistance levels.
– QQE Alert MTF v5 indicator shows the direction of market movement.

Black King v2.0 Trading Strategy Rules

The conditions for opening a buy position:

1. The price is above the red channel from the EMA (40), i.e. either the price bar is completely above the channel or at least closes above the channel.

2. The blue line of the QQE indicator is above the yellow line and is directed upward. The best signal is the blue line crossing the yellow line upwards.

3. Positive STF indicator bars appear for 1-3 bars. The color does not play a role.

4. Blue bars of the RSI indicator velas TDI. These signals sometimes lag, so they can be considered additional.

Terms for opening a sell position

1. The price is below the red channel from the EMA (40), i.e. either the price bar is completely below the channel or at least closes below the channel.

2. The blue line of the QQE indicator is below the yellow line and is directed downward. The best signal is when the blue line crosses the yellow line from top to bottom.

3. For 1-3 bars appear negative columns indicator STF. The color does not play a role.

4. Red bars of the RSI velas TDI indicator. These signals sometimes lag behind. Therefore, they can be considered additional.

StopLoss installed on the opposite side of the channel

Moving out of position

The position is exited when one of the following conditions is met:

For purchase:

1. The price returns to the channel.
2. The blue line of the QQE indicator touches or crosses the yellow line.
3. Negative STF indicator bars appear.
4. StopLoss is triggered.
5. EMA (15) changes direction downwards.

For Sale:

1. The price returns to the channel.
2. The blue line of the QQE indicator touches or crosses the yellow line.
3. Positive STF indicator bars appear.
4. StopLoss is triggered.
5. EMA (15) changes direction upwards.

 

Black King trading strategy v2.0 gives good results and provides a profit of 50-100 pips.