Forex trading strategy Sunrise Trend contains three custom indicators ASCTrend BO, forex sunrise and Fisher org v12. The strategy is trending and is based on the forex sunrise indicator, which determines the direction of the trend, and two additional indicators serve to confirm the signals of the main indicator.
Forex Trading Strategy Characteristics Sunrise Trend .
- Platform: MetaTrader 4 .
- Currency pairs: any.
- Timeframe: H1 and above.
- Hours: around the clock.
- Broker: Forex4you , InstaForex , RoboForex , Fort Financial Services .
Used indicators and their parameters:
1. The custom forex sunrise indicator is based on linear calculations of the support and resistance of the moving average, which gives signals to buy or sell. Indicator parameters are not changing.
2. ASCTrend custom indicator is used to give trading signals using the up and down arrows. In the input parameters, change RISK = 12.
3. The Fisher org v12 custom indicator is an oscillator consisting of two lines, red and blue.
The indicator lines fluctuate around the signal level of 0.00. Indicator signals: the trend is bullish or bearish, when the lines are above or below the signal level, respectively. Change the parameters to: Length = 36, Price = 6.
Rules for working on Forex trading strategy Sunrise Trend .
Entry conditions for a long position:
1. If the line of the forex sunrise indicator changes color from pink to blue and it forms below the candles, then this is a signal that the trend is changing to bullish. Buying deals should be considered.
2. The blue arrow of the ASCTrend BO indicator appears on the chart, which means that there is a bullish trend. This confirms the signals of the forex sunrise indicator.
3. The lines of the custom indicator Fisher org v12 cross the zero level from the bottom up, which also confirms the buy signal.
Stop loss is set a few points below the previous minimum.
Take profit. We close the deal if:
1. Forex sunrise indicator changes color from blue to pink, which indicates a possible change in trend.
2. The pink arrow of the ASCTrend BO indicator appears, which also means a trend change.
3. The lines of the Fisher org v12 indicator drop below the zero line.
Entry conditions for a short position:
1. If the line of the forex sunrise indicator changes color from blue to pink and it forms above the candles, then this is a signal that the trend is changing to bearish. This is a signal to open a buy transaction.
2. The pink arrow of the ASCTrend BO indicator appears on the chart, which means that there is a bearish trend. This confirms the signals of the forex sunrise indicator.
3. Fisher org v12 custom indicator lines cross the zero level from top to bottom, which also confirms a sell signal.
Stop loss is set a few points above the previous maximum.
Take profit. We close the deal if:
1. Forex sunrise indicator changes color from pink to blue, which indicates a possible change in trend.
2. The blue arrow of the ASCTrend BO indicator appears, which also means a trend change.
3. The lines of the Fisher org v12 indicator rise above the zero line.
Forex Trading Strategy Characteristics Sunrise Trend .
- Platform: MetaTrader 4 .
- Currency pairs: any.
- Timeframe: H1 and above.
- Hours: around the clock.
- Broker: Forex4you , InstaForex , RoboForex , Fort Financial Services .
Used indicators and their parameters:
1. The custom forex sunrise indicator is based on linear calculations of the support and resistance of the moving average, which gives signals to buy or sell. Indicator parameters are not changing.
2. ASCTrend custom indicator is used to give trading signals using the up and down arrows. In the input parameters, change RISK = 12.
3. The Fisher org v12 custom indicator is an oscillator consisting of two lines, red and blue.
The indicator lines fluctuate around the signal level of 0.00. Indicator signals: the trend is bullish or bearish, when the lines are above or below the signal level, respectively. Change the parameters to: Length = 36, Price = 6.
Entry conditions for a long position:
1. If the line of the forex sunrise indicator changes color from pink to blue and it forms below the candles, then this is a signal that the trend is changing to bullish. Buying deals should be considered.
2. The blue arrow of the ASCTrend BO indicator appears on the chart, which means that there is a bullish trend. This confirms the signals of the forex sunrise indicator.
3. The lines of the custom indicator Fisher org v12 cross the zero level from the bottom up, which also confirms the buy signal.
Stop loss is set a few points below the previous minimum.
Take profit. We close the deal if:
1. Forex sunrise indicator changes color from blue to pink, which indicates a possible change in trend.
2. The pink arrow of the ASCTrend BO indicator appears, which also means a trend change.
3. The lines of the Fisher org v12 indicator drop below the zero line.
Entry conditions for a short position:
1. If the line of the forex sunrise indicator changes color from blue to pink and it forms above the candles, then this is a signal that the trend is changing to bearish. This is a signal to open a buy transaction.
2. The pink arrow of the ASCTrend BO indicator appears on the chart, which means that there is a bearish trend. This confirms the signals of the forex sunrise indicator.
3. Fisher org v12 custom indicator lines cross the zero level from top to bottom, which also confirms a sell signal.
Stop loss is set a few points above the previous maximum.
Take profit. We close the deal if:
1. Forex sunrise indicator changes color from pink to blue, which indicates a possible change in trend.
2. The blue arrow of the ASCTrend BO indicator appears, which also means a trend change.
3. The lines of the Fisher org v12 indicator rise above the zero line.
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