Stop at once, and do considerably more research.Thank you. Targeted at locals, but hedge funds, brokers (including IDBs), market makers, and a few sizable amateurs are all represented. I assure you that if you follow this strategy exactly as explained here and also adhere to few basic rules and instructions, you will never have a losing week or a month (there could be few losing days once in a while).
So if you are ready for it, here it goes-Indicators -Simple moving average 200 (for direction)Simple forex 1 minute chart strategy map average 10 (for entry)Time frame- Any. Works on 5 min, hourly and daily charts. Day traders could use 5 min charts, Swing traders can use hourly charts and long term investor can use daily charts.Item - It can be used 0 Stochastic 1 Min Forex ScalperThe stochastic 1 min forex scalper trades with the overall trend.
The CCI indicator or the Commodity Channel Index is an oscillator that can be used to spot possible overbought and oversold conditions in the market as well as identifying the direction of price movement. On the other hand, the TMA Slope MT4 indicator is a very complex customizable momentum indicator. One of the major advantages of this trading strategy would be that it uses two momentum indicators to determine the general direction for the day and the strength of the trend.
This strategy works solely off of the Parabolic SAR and the RSI indicators which are momentum indicators and has proven to be one of the most effective and reliable trading strategies for traders. Download MetaTrader 5 and start trading Forex, Stocks, Futures and CFDs. Forex Strategies So you Can Place a Trade, Walk Away From The Computer Screen and. frames to include the daily, 4 hour, 1 hour, and 15 minute charts.
The rules here are to look at a chart and then decide whether to go short or long.Trading.