Trend Forex strategy for JPY pairs
It is a Forex strategy for pair with jpy, than tries to take all points of trend. We need only two standard indicators – MACD and Momentum. You can find them in your MT terminal.
- Pairs: CAD/JPY; AUD/JPY, etc.
- Timeframe: H4
- Indicators: MACD (12; 72; 9), Momentum (14)
Buy signals
1) MACD signals:
- The MACD scale crosses the zero level up.
- The scale is above the zero level, but below the moving average. As soon as the scale of MACD is above the moving average or touches it, we are waiting for signal from the Momentum.
2) Momentum needs to do the first movement down. After that at the close of last candle, it shows upward movement.
3) Stop loss is 50 points.
4) After passing 45 points in the positive zone the transaction is moved to breakeven.
5) Take profit is 100 points.
6) If there is an active transaction that is not transferred to breakeven yet, we do not trade new signals.
7) If we have signal from Momentum after more then 5 bars from MACD signal, it doesn’t trade.
Sell signals
1) MACD signals:
- The MACD scale crosses the zero level down.
- The scale is below the zero level, but above the moving average. As soon as the scale of MACD is below the moving average or touches it, we are waiting for signal from the Momentum.
2) Momentum indicator needs to do the first movement upward. After that at the close of last candle, it shows down movement.
3) Stop loss is 50 points.
4) After passing 45 points in the positive zone the transaction is moved to breakeven.
5) Take profit is 100 points.
6) If there is an active transaction that is not modificated to breakeven yet, we do not trade new signals.
7) If we have signal from Momentum after more then 5 bars from MACD signal, it doesn’t trade.