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Forex Strategy “1D Simple Strategy”

Forex Strategy "1D Simple Strategy" - 1D-simple-strategy-300x161Forex trading strategy “1D simple strategy

Time frame: D1- daily.

Currency pairs: any.

Indicators: RSI – 8, EMA – 8 on RSI window, ATR – 20 on RSI window, EMA – 28 on main window, Monthly Pivot. Use the EMA-28 to determine the trend direction on the daily chart.

Long entry rule:

1. RSI must cross from below to above EMA – 8.

2. Enter when a new candle opens and the RSI is still above the 8 – EMA.

Short entry rule:

The reverse of above.

 Forex Strategy "1D Simple Strategy" - 1D-simple-strategy1

StopLoss – 75% of the value of the ATR – 20.

TakeProfit – use resistant and support of Fibonacci or the monthly pivots ( let the profits run ).

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Rating: 8.4/10 (9 votes cast)
Forex Strategy "1D Simple Strategy", 8.4 out of 10 based on 9 ratings

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