Forex Strategy Traffic Light
Marketplace: Forex;
Currency pairs: various;
Timeframe: Daily;
Indicators : HMA Modified, RSI Custom, Goldminer 2;
Strategy: indicator;
Protective orders: not used.
Trading strategy settings
Open any currency pair (for example EURUSD) and set the time frame to Daily.
2. Install the HMA Modified indicator.
3. Put the RSI Custom indicator.
4. Installing the Goldminer indicator 2.
Conditions for opening a buy deal
The HMA Modified indicator should be blue.
The RSI Custom indicator should be green.
3. The Goldminer 2 indicator should be green (originally it was blue, so you need to change the color for convenience).
4. As the signals coincide, enter on a new candle.
Conditions for opening a sell deal
The HMA Modified indicator should be red.
The RSI Custom indicator must be red.
3. the Goldminer 2 indicator should be red.
4. As the signals coincide, enter on a new candle.
Moving out of position
Exit a position when one of the indicators changes color.
The strategy is very simple, but, as practice shows, effective. Since the strategy is multi-currency, the time interval is not an issue.