Forex Strategy «Traffic Light» is a multi-currency (suitable for trading in any currency pairs) and was designed to trade on the daily (D1) charts, and foundation are the signals of these Forex indicators: HMA modified, Trend Master, RSI Custom, Goldminer 2
You can trade at a lower extent, but the number of false alarms increases … — so if there is a desire — Analyze smaller time intervals.
All of these indicators forex clearly show the trend in the market and sending a signal when to enter the market and when to leave it.
- I recommend to trade Forex Broker Select, which allows you to trade on the trading terminal Metatrader 4 and has proved itself over time (personally, I recommend the company Alpari)!
Figure 1 — Examples of Business Strategy forex «Traffic Light» (click on it to enlarge — opens in new window)
Opening to sell the strategy forex «Traffic Light»:
Line indicator forex HMA modified to become red indicator forex Goldminer2 should also be red and the indicator RSI Custom should be red or yellow.
To open a trade transaction for the purchase of forex strategy «Traffic Light»:
Line indicator forex HMA modified to become a green indicator Goldminer2 should also be green, and RSI Custom indicator should be green or yellow.
Stop-loss order must be placed under or over a local minimum or maximum.
Just to greater confidence in the schedule can accommodate forex indicator CCI (14) — above freezing — buy below — sale.
Exiting the market:
Exiting the market should carry out as soon as the line indicator HMA modified color change his line on the opposite or indicator Goldminer2 change its color to the opposite.
Example 2 — Trading in 15 minutes (click on it to enlarge — opens in new window):
Download Forex indicators and template for Metatrader 4: