Trading strategy "Travel Trading Profit Formula"
Trading strategy "Travel Trading Profit Formula": based on 4 indicators, quite simple and profitable. The author recommends its use on hourly and higher charts.
Indicators
– Moving Average - period 20, a simple method;
– Parabolic SAR - step 0.02, not more than 0.2 standard settings;
– MACD - fast EMA, 12, slow EMA, 26, MACD SMA, 9;
– Force Index - period 13, a simple method.
Rules of "Travel Trading Profit Formula" trading strategy
Four conditions must be met in order to enter a position. The currency pair can be any, the timeframe is also chosen by the trader. Let me remind you that the author recommends the TF from H1.
Buy signal
- The Moving Average should be lower than the price;
- Parabolic SAR should be below the price;
– MACD indicator below the "zero line;
- The power index should go up.
It is important that all of the conditions listed above must be met. Do not attempt to enter the market if only three of the four criteria are met.
Take a look at the highlighted areas: all the requirements to open a trade are met, you can get up to buy.
Closing the purchase
- We exit the trade when the Parabolic SAR rises above the price;
- Exit the buy when the MACD crosses the zero line from bottom to top;
- Exit by StopLoss.
The important thing is that you have to get out when any of the rules are met.
Signals to sell
- The Moving Average should be higher than the price, and go down;
- The parabolic should be above the price;
- MACD above the "zero line";
– Force Index must be directed downward.
Closing the sale
- Exit the sale when the Parabolic SAR is below the price;
- Close the Sell when the MACD falls below the zero line;
- Exit by stopLoss.
StopLoss is set depending on the timeframe.