Forex Strategy «Update method Fozzy»

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Forex Strategy «Update method Fozzy» — very simple and informative forex strategy, the recommended currency pairs: EURUSD, USDJPY, GBPUSD, USDCHF, the recommended interval — H4, D1, but it is quite possible trade and the and H1 — only a little more to be false alarms.

For trade, we need to compile complicated forex indicator (but not to do so — you will be ready enough to download a template for Metatrader 4 at the end of this strategy Forex and install it on the schedule — all indicators forex with the right settings appear on the screen).

So we need to combine in one box: indicator RSI (8) — the color red, the moving average SMA (8) — the color blue, and Bollinger Bands (20, deviation 2) — green, dotted line.

Forex Strategy: Update method Fozzy

Conclude a deal to BUY if the RSI (8) crosses below the moving average SMA (8) below the middle Bollinger bands.

Conclude the transaction on SELL, if the RSI (8) crosses above the moving average SMA (8) above the middle band Bollindger Bands.

Stop-loss — the closest maximum for the transaction to sell and close at least for the transaction to buy.
Stop-loss is moved to breakeven when price is 40-60 points (depending on the chosen currency pair). Then (if you wish, but not necessarily) you can use a trailing stop at 25 pips from the price.

Profit — the reverse signals (opposite the intersection of RSI and SMA on the opposite side of the midline Bollinger)!

  • Download template for Metatrader 4 Forex — fozzy.tpl
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Comments (4) on "Forex Strategy «Update method Fozzy»"

  1. Very interesting trading strategy using the SMA in this way. Thanks for sharing.

  2. damien mcculloch australia:

    i am using this system with great success a 20 trade winning streak atm with 1 minor loss but that was my fault for not waiting for the cross love it thank u for sharing with us

    damien

  3. topcat275:

    Hi,

    You said (BUY if the RSI (8) crosses below the moving average SMA (8) below the middle Bollinger bands.) My question is this — If the cross is below the lower bollinger band going up for a buy, Is that a stronger buy or not a trade at all ? Thanks

  4. admin:

    topcat275, For transactions on the purchase, so that the intersection of Main occurred below the middle Bollinger Bands.

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