A simple strategy for beginners

Another intraday strategy based on indicators which implies entering only at certain signals of these filters. Nevertheless, the author defines some restrictions on trading in the news.

Marketplace: Forex;
Currency pairs: various;
Timeframe: M15;
Indicators : Heikin ashi, EMA(5, close), EMA(8, open), Dinapoli stoch(8, 3, 3), MomentumVT(10), QQE Alert mooth Factor 1;
Strategy: intraday;
Protective ordersStopLoss, Takeprofit, TrallingStop.

Rules of the trading strategy

There are two conditions for entry: basic and optional.

Basic Input

The main signal to buy consider the crossing of EMA(5) EMA(8) from the bottom to the top. The following conditions must be met:
The Dinapoli stoch should show a buy signal;
2. MomentumVT(10) must be above the 50 level;
3. The QQE indicator must be directed upwards.

The main signal to sell consider the intersection EMA(5) EMA(8) from top to bottom. The following conditions must be met:
The Dinapoli stoch should show a sell signal;
2. MomentumVT(10) should be under the 50 level;
3. The QQE indicator must be directed downward.

To open a position, it is necessary to close the candle on which the signal was received.

Exit from the deal

Since I came to the conclusion that moving averages very often react too quickly to price movements, I decided to add a filter for exits.

Exit when the indicator QQE alert and moving averages give signals in the opposite direction. They rarely give signals at the same time, but the exit is carried out only when both instruments signaled an exit.

Re-entering a position

Let's assume that we missed the underlying signal to enter the market, but want to open a position after it has appeared on the chart. To do this, the following conditions must be met:

To purchase: Make sure that all indicators give a buy signal. Wait for the dinapoli stoch to give a sell signal, and enter after it gives a buy signal again. Also pay attention to support levels and resistances, pivot levels close to the current price.

For Sale: the rules are the opposite of the purchase rules.

ExitYou can use a stop loss of 20 pips or a take profit of 20 or 30 pips. You can also use a trailing stop of 20 pips.

News work

I do not open positions before big news releases. If important news is approaching and I hold a position, I close it if my profit is less than 30 pips. If my profit is more than 30 pips, I use a trailing stop from the 20 pips level in 20 pips increments.

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