Forex Strategy HILO for GBPJPY — is quite simple trading strategy for the four-hour (H4) interval based on a 3-averages and trend indicators ADX;
On the schedule for GBPJPY (H4) to set the following indicators forex:
- Exponential Moving Average EMA (8) — red.
- simple moving average SMA (21), apply to the High — blue.
- simple moving average SMA (21), apply to the Low — the color blue.
- Indicator Average Directional Movement Index (ADX (14)) — the color green, DI (blue),-DI (red)). Just to set the level of 15.
The conditions for concluding deals to Sell at a forex strategy HILO on GBPJPY:
Short transaction open if EMA (8) crosses the SMA (21) Low cvverh down, with the candle closes below the SMA (21) and the ADX is directed upwards and is above 15, and DI-DI crossed and at the same time is also located above the level of 15. Enter the market needed after the closing of the first candle and the opening of the next.
Stop-loss at the entrance to the sale should be set higher by 10 points SMA (1921) Low. And upon further movement of the price — and its need to «hold» at a distance of 10 points from a given SMA. You can also trail position at a distance of 100-150 points on the price.
Exit the position is on the order «stop — Trade» or the trailing stop.
Stop-losses in the forex strategy certainly happen, but nonetheless profits from the combined motions are much greater than received damage.
Terms and conditions for transactions on BUY forex strategy HILO on GBPJPY:
Long called the deal if EMA (8) crosses SMA (1921) High upward, with a candle closes above the SMA (21) and the ADX is directed upwards and is above 15, and DI crossed-DI and thus also higher than 15. Enter the market needed after the closing of the first candle and the opening of the next.
Stop-loss at the entrance to the purchase must be set below 10 points SMA (1921) High.