BeeJay Strategy
This strategy is an indicator system, and thanks to its versatility, allows you to earn at least 500 points of profit per month.
Marketplace: ;
IndicatorsMoving Average, CCI, RSI, Parabolic SAR;
Time period: M15 and H1, H4;
Currency pairEUR/USD, AUD/USD for scalping on M15; GBP/USD and EUR/USD for longer term trading on H1, H4;
Strategy: intraday;
Protective orders: StopLoss, TakeProfit, TrallingStop.
indicators for BeeJay strategy
— Exponential Moving Average EMA (8) - color blue, apply to close;
— SMA simple moving average (26) - color orange, apply to close;
— Commodity Channel Index indicator — CCI (55) - apply to close, set level "0"
— Commodity Channel Index - CCI (34) - apply to close + level "0";
— Relative Strenght Index Oscillator - RSI (26) - apply to close + level "48";
— Parabolic SAR indicator (0.02, 0.2) - to set and reset the StopLoss level.
Trading signals by BeeJay strategy
Concluding purchase transaction In the event that:
The EMA (8) crosses the SMA (26) from bottom to top;
2. The CCI (55) and CCI (34) cross the zero line also from bottom to top;
3. The RSI indicator (26) crossed its level of 48 upwards.
The deal should be opened after all the points in any order, but at the opening of the next candle, after the confirmation of all the signals.
You don't have to open a buy trade if the candle closed with a Bearish (doji, etc.) candle, or vice versa - you should not open a sell trade if the signal candle is bullish.
For sell signals the conditions are reversed.
Protective orders for BeeJay strategy
StopLoss put on the Parabolic SAR indicator. For buy trades - under the nearest point located below the price. For sell trades - above the closest point located above the price.
As the price moves and Parabolic SAR points are drawn, StopLoss move it accordingly together with it. For this purpose you can use the universal TrallingStopThe program has a built-in trailing function on Parabolic SAR.
TakeProfit depends on the chosen currency pair and time frame, and varies in the following limits: for M15 - 20-30 pips, for H1 - 100 pips, for H4 - 200-500 pips. In addition, the transaction can be closed on the reverse signals of this strategy or TrallingStop.