Turbo forex strategy generates signals very well inside a stable trend. Typically, signals within a trend are reliable. During lateral movements, the quality of these signals is significantly reduced, but it is also not worth missing them at these moments.
Statistics:
From February 2020 to February 2021, the strategy showed a positive result in the amount of +1530 points for the GBP/USD currency pair. The maximum drawdown was 80 points.
- Currency pair — any, multi-currency strategy. The specified values of stop loss and take profit orders refer to the GBP/USD pair. For other pairs, these values must be selected independently.
- Time interval — M15.
Indicators:
- Exponential moving average with a period of 50 — EMA50.
- Exponential moving average with a period of 200 — EMA200.
- Turbo_JRSX indicator with parameters 7; 3.0.
- PivotsDaily V2 with default options
Conditions for buying on the Turbo strategy:
1) Important! From the beginning of each trading day, only the very first case/signal is traded. The rest on the same day are ignored.
2) The 50 period moving average is above the 200 period moving average.
3) The Turbo_JRSX indicator rises above level 30 and turns green.
4) It is this candle that should close above both moving averages and above the central pivot level (green dotted line).
5) At the close of this candle, a buy deal is concluded.
6) Stop loss is set below the previous local low. The minimum stop is 15 pips. The maximum stop is 30 points.
7) After passing in the positive zone a distance equal to the size of the stop loss order, the transaction is transferred to breakeven.
8) Take profit is 45 pips.
Sales conditions:
1) Important! From the beginning of each trading day, we conclude deals only on the very first occasion/signal. The rest on the same day are completely ignored.
2) EMA 50 is below EMA 200.
3) The Turbo_JRSX indicator drops below level 70 and turns red.
4) It is this M15 candlestick that should close below the 2nd middle and below the central pivot level (green dotted line).
5) At the close of this candle, a sell trade is opened.
6) A safety stop-loss order is set above the previous local maximum. Min stop loss — 15 pips. Max — 30 points.
7) After the price in the «+» zone passes a distance equal to the size of the safety stop-loss, the transaction is transferred to the breakeven point.
8) We fix profit by take profit equal to 45 points.
Video version of the Turbo Forex strategy:
- Download indicators — turbo-indicators (archived).
- Download MT4 templates — Turbo (also in the archive).
- +203.2% for 12 months: Test of the «Turbo» forex strategy for GBP/USD (M15) >>
