Forex Strategy «Traffic Light NEW»

Forex Strategy «Traffic Light NEW» is based on the forex strategy «traffic light» and has been modifying and sent Eugene Shehurinym (for which I am personally grateful to him), it is intended for traders who do not have a sufficiently large deposit to the forex and as a consequence you can not trade on day graphs.

Recommended taymfreym for trade: H1

Instruments (currency pair): any (the strategy was tested on: EUR / USD, GBP / USD, USD / CAD, USD / CHF, AUD / USD, EUR / GBP, EUR / CHF, EUR / JPY, NZD / USD, USD / JPY)

From the first version of the strategy of «traffic light» indicators have been removed Trend Master, RSI Custom, Goldminer. Trend Master was removed in consequence of extradition is not a small count of false alarms and frequent Redraw, RSI Custom has been removed for the same reason. These indicators have been replaced by others.

As a result, in this trategii forex, the following indicators:

1) HMA Modified (default setting)

2) AC — Accelerator Oscillator (default setting)

3) Stochastic (standard settings% K — 5,% D — 3, slowing down — 3, levels 20 and 80)

4) I-Gentor LSMA & EMA (default setting)

5) Double CCI_Woodies (standard settings).

Setting indicators for forex strategy «Traffic Light NEW» (for ease of installation of indicators can download the template at the end of this strategy forex):

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HMA Modified attach to the main window:

In the box set of indicators indicators Woodie’s CCI (aka Double CCI_Woodies) and I-Gentor LSMA & EMA by applying indicators forex MT4. In the indicator I-Gentor LSMA & EMA anchoring the minimum and maximum are the same as that of the Woodie’s CCI. In indicator Woody CCI also add a level of 100, 200, 0, -100, -200 if they are not exposed to the standard.

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In the second box to add the indicator AC (Accelerator Oscillator) and Stochastic (Stochastic Oscillator) with standard parameters and levels of 20 and 80, as by imposing indicators.

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That will have the following general pattern:

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And so, as with this work? Take the plot: EUR / USD

Signal to the input (purchase):

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1) The first indicator is the stochastic oscillator and the AU. If this purchase, the stochastics have at this time (buy signal) cross the zero level indicator speakers (not to be confused with the zero-stochastic, it should be removed altogether if it is the default)!!! Also note that at the intersection of stochastic zero-indicator AС changes its color to green on the bar or at the next.

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2) Indicator Woodie CCI (Double CCI_Woodies) must also cross the zero line (blue bar indicator), and the indicator I-Gentor LSMA & EMA should be repainted in green.

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3) HMA Modified should be painted in blue, respectively.

NOTE: to enter the market need for the next bar AFTER CLOSING signal bar (bar the «intersection»)!

Can see all the fulfillment of conditions and the correct input in the deal with the following example:

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Hold the position should be as long as the  stochastics not go down in the overbought zone and begins to intersect. Also looking at an indicator of Woody, his blue line CCI will also unfold in the opposite direction and will go to the breakdown level of -200 and further down.

Immediately after the sign Out there is not a bad option to enter a short position (he is not marked on the chart).

Come in a short position (for sale) in and out of it — CHECK condition!

The overall picture of transactions on the example of the Dollar / Franc 25,26,27 August 2009 FF-H1 — 5 good trades!

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Stop-loss, I would recommend installing at the nearest minimum or maximum, depending on the direction of trade.

Download forex indicator for MT4: DoubleCCI_Woodies.mq4

Download forex indicator for MT4: i-GentorLSMA & EMA_v.1.1.mq4

Download forex indicator for MT4: HMA Modified.mq4

Download a template for MT4: svetofor_new.tpl

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