Forex strategies for HMA and SMI

Forex strategies for HMA and SMI — the recommended interval for trade — 4 hours (H4), works best in currency pairs with the yen;

On the schedule set Forex indicators: HMA 25 and SMI (you can download at the end of the strategy).

Terms of Trading Strategy Forex HMA and SMI:

Open a deal to Buy as soon as the line of the indicator rising HMA (colored in green) and SMI indicator crosses its signal (dotted) line from the bottom up, under these conditions, the indicator forex SMI should not be in overbought condition (be higher 70). If it is currently higher than 70, then the transaction must be concluded, after it falls below this level.

Starting a safety stop-loss should be placed under a local minimum.

When the profit of 100-150 points — portable stop-loss at break even.

The deal closed when the reverse lights.

For SELL — opposite conditions.

Download a template for MT4 — hma_smi.tpl
download an indicator for MT4 — SMI.mq4
download an indicator for MT4 — HMA_.rar

Add a comment

Comments

Noam | 12.12.2009 01:31

Hello,
This HMA+SMI strategy is excellent.
I only have 2 questions:
1. Can you please explain again what you meant in saying: «If it is currently higher than 70, then the transaction must be concluded, after it falls below this level.»
Do you mean that if after buying long, the SMI goes to above 70, then when it goes back below 70 you close?
2. Also, when you say: «The deal closed when the reverse lights.» — do you mean to close when the HMA color changes? or when both HMA changes and SMI crosses?
If 2. is correct then maybe it’s better to exit (close) only when 2. happens, not 1. because with 2. you get a better exit than waiting for SMI to go below 70 like in your picture above?
Thank you.

Ответить
- admin | 23.12.2009 19:35
  
  Noam,
  1) indicator SMI crosses its signal (dotted) line from the bottom up — only then is the deal!
  2) «The deal closed when the reverse lights.” — when both HMA changes and SMI crosses !
  
  Ответить
Noam | 23.12.2009 23:57

Thank you for your explanation.

Ответить
Noam | 24.12.2009 00:10

It’s very interesting. I also use HMA 12 period, on H1 chart with regular stochastic 5,3,3.
I use the stochastic for filtering out sideways market — when stochastic is flat on the 50 line then don’t trade. Also, if stochastic is on the «wrong» side don’t open a trade.
Otherwise open when HMA changes color especially if stochastic also crossed, and exit
at magic numbers — round numbers or fibonacci or if stochastic is going to cross again — whichever comes first.
I was searching for HMA + stochastic or HMA + SMI and found your site.
Thank you.

Ответить

Forex strategies for HMA and SMI

Terms of Trading Strategy Forex HMA and SMI:

Related posts:

Related posts: