Hello guys!I've been developing this new strategy, witch is very simple but very powerfull! This is not the ForexSmartS typical trading strategy, it's just a handy trick! ;)
I call it
ForexSmartS Piece of Cake!
(no coke, Loki, cake!)I've just tested it on EURCHF pair, witch is a very technical one, and on demo account. I'm starting the Real Trading with this strategy today, and I'd be glad if you could test it with me!
I use a NonLagMA witch is a common Moving Average but with a improvement indicates the angle changing by changing colors; and the stochastic oscillator. ONLY. (download with template above)
Differently from ForexSmartS typical, this strategy has a TARGET and a STOPLOSS. For those who were critical about no stops, that's your chance!
As this is a technical-only strategy, I suggest you to have a good money management strategy. But, that little pips can make you a few beers on the weekend :)So, already curious?
Click here to download the template and the indicator.
Unpack it into your MT4 folder and load the template at a EURCHF
(H4) chart. That's what it must look like:
All you have to do is wait for a PERFECT MATCH, I'm not into explaining what is a match with words, but a picture says more than a thousand words. This are
MATCH exemples:
Zooming in:
And to be clear this are
NO MATCH exemples:
Match? Go on and enter your trade.
Just to be clear for those who have fallen from the cradle when baby and will certainly ask, the green stoch line must cross UP the yellow one and the NonLagMA get blue for LONG positions, and vice-versa for SHORT positions. (lol, just kidding :D)
I make it like that, I open three positions. All them with stop-loss set to 50 pips.
I set the first of this three trades TP to 30 pips, the others, just leave it with no target. When this first reaches the TP level, you set the seccond trade to +30 pips TP and it's stop to 20 pips from the opening. Do the same again with third trade.
Was that clear?
Target 1 : 30 pips
- When reached:
Target 2 : 60 pips (set stop to 20 pips to garantee profits)
- When reached:
Target 3 : 90 pips (set the stop to 40 pips to garantee profits)
Don't use any other stuff to close the trades, kinda color changig or something like that. Just the TP and SL.
** Tip: Wait for the next candle opening before entering a position, because NonLagMA variates it color withing the active candle, so, wait it to confirm the color before enterning! **
Waiting for your comments!C ya!