Forex Strategy AshFX Daily — quite accurate, but at the same time very simple trading strategy to trade the daily range (D1) and in any currency pairs — to trade forex, the following indicators:
- Forex Indicator PSAR (0,03; 0,2)
- Parabolic Stop and Reverse
- Oscillator AC (Accelerator Oscillator)
- Oscillator AO (Awesome Oscillator)
- Forex Indicator Stochastics (5,3,3).
Transactions of the strategy forex day interval are not so often, so the strategy «AshFX Daily» mostly suitable for those traders FOREX, which relate to trade more seriously and prefer to trade less frequently, but profitable, or those who do not have whole day stay at the monitor screen.
Entering the market for forex strategy AshFX Daily:
Conclusion of a deal to sell:
Conclusion of a deal to buy:
Exiting the market for forex strategy AshFX Daily:
Initial safety stop-loss order should be set at a maximum or minimum signal day candles (ie, on a daily maximum for trading short positions and on the day at least for a trading position to buy).
To lock in profits through open trade transaction using 2 methods, which it is desirable to use a combined.
1-d) Size of take-profit (TP) is equal to the amount of the safety stop-loss. That is, if your safety stop-loss of 100 points, then consequently you close half of the trading position when the price came to 100 points. And after that should be moved to safety stop-loss on the remaining half position to break even (ie, «zero»).
2-nd) 2 nd half of the open trading positions should be closed as soon as the oscillator AB will change its color to the opposite. So, if you made a deal in the long side, then the profit-taking in its second half takes place as soon as the indicator of AO changes from green to red. If you made a deal in the short side, then the profit-taking in its second half takes place as soon as the indicator of SA changes its color from red to green. The deal must be made on the closing day candles.
Two variants of transactions on forex strategy «AshFX Daily» «second freshness»:
Sometimes there are situations that are not performing all the conditions for opening a trading position, but you can still make deals.
A) You can open the bargain on sale, if the line oscillator, stochastics have crossed under its line of 50 (but above its level 20). Likewise, are allowed to open a trading position by apokupku if stochastics crossed above their grade level 50 (but below 80).
B) yet you can open a trading position to sell if all the above conditions, but if this indicator AO does not submit the relevant trading signal. In this case, it is likely that the signal from the AO will appear in the next few day candles. Respectively, are also allowed to open a trading position to buy with no trade signal from the oscillator AO.
For these cases, «the second freshness — if we make a short trading position, the initial safety stop-loss order placed on the maximum of the vibrational motion, but once you see a profit on the transaction equal to: a maximum of the previous day candles — the closing price of candles, then a safety stop- loss order is moved to breakeven (at zero) and the first half of the trading position is closed. Likewise, the open long positions, a safety stop-loss place at the level of minimum vibration, and the first half of an open trading positions should be closed, if you notice a profit equal to: the closure of the previous day candles — the minimum price the previous day candles.
Addition to the terms of trade:
It should be noted that it does not matter in what order come the trading signals: ie, AO and AC indicators may change color at a later day candles after will be the first point of the indicator PSAR, or in front of file trading signal before the appearance of a given point on the chart.
Among other things, we must also pay attention to the important support and resistance levels on the market. Using these important levels to help you make your decisions when trading is much more reasonable, especially when exiting the market.
