Strategy Forex Trend Finder Daily

Multicurrency Strategy Forex Trend Finder Daily is a modification of the strategy Forex Trend Finder 4HR and is designed to trade on the daily chart (D1)

For trade must be installed on a schedule chosen currency pair following indicators Forex:

• Indicator Awesome Oscillator (AO) Bill Williams
• Oscillator Stochastic Histogram (5,3,3)
• simple moving average SMA (200).

To enter the market to buy, it is necessary that the following conditions:

1. Price is above the moving average SMA (200)

2. Awesome Oscillator – painted in green.

3. Indicator Stochastic Histogram – just colored in green.

Important: The bargain should be at the opening of the next candle, after all conditions to the transaction.

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To enter the market for sale, it is necessary that the following conditions:

1. Price is below the moving average SMA (200)

2. Awesome Oscillator – painted in red.

3. Indicator Stochastic Histogram – just colored in red.

Wealth management and out of the deal:

1. Discovering the next 2 trading positions, the overall risk to them should not be more than 3% of the deposit (if the size of your deposit does not allow trading day intervals, and then recommend a cent to open an account with Forex or micro-).

2. We insert a safety stop-loss at a distance of at least 100 points from the entrance to the market for both prisoners transactions.

3. For trade position number 1 take-profit set at a distance of just 100 points.

4. For trade position number 2 take-profit is not installed, the transaction will close as soon as the Awesome Oscillator indicator will change the color on the opposite.

5. For the 2 open positions: as soon as the profit will be 50 points – should be moved to a safety stop-loss at break even, ie rearrange the stop-loss on the opening price of transactions.