This Forex strategy allows traders to buy and sell in trending markets at a good price using a combination of standard Momentum and MACD indicators, as well as the custom Triggerlines indicator. The strategy works well in trending market sectors, it is visually simple and understandable. Therefore, this strategy is suitable for novice traders.
Characteristics of the trending strategy on the indicators MACD , Momentum and Triggerlines .
- 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 indicator Triggerlines is a custom indicator that is developed on the basis of the moving average , but consists of two lines, with changing colors, red for bears and blue for bulls.
In the indicator settings, change the parameters: Rperiod = 50, LSMA_Period = 12.
2. The standard Momentum indicator compares the current price with respect to where the price was in the past.
In the indicator parameters, change the parameter Period = 36, and also add the level 99.85942.
3. Moving Average Convergence Divergence ( MACD ) is a trend indicator that shows the relationship between two moving average prices.
In the indicator settings, change the parameters: Fast EMA = 16, Slow EMA = 32
T Rendova Island Forex strategy on the indicators the MACD , Momentum and Triggerlines . Rules of work .
Entry conditions for a long position:
1. The Triggerlines indicator lines are blue and below the candles.
2. The blue line of the Momentum indicator breaks through the level 99.85942 from the bottom up, indicating a bullish trend.
3. The MACD indicator histograms are formed above the zero line, which confirms the strength of the bulls.
After all the conditions are met, open a buy position.
Stop loss is set a few points below the previous minimum.
Take profit can be set in three ways:
1. If the custom Triggerlines indicator turns red, which indicates a decrease in bull strength, this is a signal to exit.
2. If the blue line of the Momentum indicator falls below the level of 99.85942, then it is considered that the price is in a bearish reversal, which is also a signal to exit.
3. If the histograms of the MACD indicator are rolled back below zero.
Entry conditions for a short position:
1. Triggerlines indicator lines are colored red and they are above the candles.
2. The blue line of the Momentum indicator breaks through the 99.85942 level from top to bottom, indicating a bearish trend.
3. The MACD indicator histograms are formed below the zero line, which confirms the strength of the bears.
After all the conditions are met, open a position for sale.
Stop loss is set a few points above the previous maximum.
Take profit can also be set in three ways:
1. If the custom Triggerlines indicator turns blue, which indicates a decrease in the strength of the bears, this is a signal to exit.
2. If the blue line of the Momentum indicator rises above the level of 99.85942, then it is considered that the price is in a bullish reversal, which is also a signal to exit.
3. If the histograms of the MACD indicator rise above zero.
Consider, for example, the work of a trending strategy on the indicators MACD, Momentum and Triggerlines.
Currency pair EUR / USD hourly chart.
At point 1, we have met all the conditions for entering a short position. Open SELL at the price of 1.1680. Stop loss is set at 1.1730 (50 points). At point 2, the Triggerlines indicator is repainted in blue - close the SELL position at the price of 1.1656. Take profit was 24 points. Next, at point 3, we open the position BUY, since all the conditions for the purchase are fulfilled. The purchase price is 1.1673, stop loss is 1.1643 (30 points). When the color of the Triggerlines indicator changes to red, we close the position at the price of 1.1727. Take profit was 46 points.
Characteristics of the trending strategy on the indicators MACD , Momentum and Triggerlines .
- 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 indicator Triggerlines is a custom indicator that is developed on the basis of the moving average , but consists of two lines, with changing colors, red for bears and blue for bulls.
In the indicator settings, change the parameters: Rperiod = 50, LSMA_Period = 12.
2. The standard Momentum indicator compares the current price with respect to where the price was in the past.
In the indicator parameters, change the parameter Period = 36, and also add the level 99.85942.
3. Moving Average Convergence Divergence ( MACD ) is a trend indicator that shows the relationship between two moving average prices.
In the indicator settings, change the parameters: Fast EMA = 16, Slow EMA = 32
T Rendova Island Forex strategy on the indicators the MACD , Momentum and Triggerlines . Rules of work .
Entry conditions for a long position:
1. The Triggerlines indicator lines are blue and below the candles.
2. The blue line of the Momentum indicator breaks through the level 99.85942 from the bottom up, indicating a bullish trend.
3. The MACD indicator histograms are formed above the zero line, which confirms the strength of the bulls.
After all the conditions are met, open a buy position.
Stop loss is set a few points below the previous minimum.
Take profit can be set in three ways:
1. If the custom Triggerlines indicator turns red, which indicates a decrease in bull strength, this is a signal to exit.
2. If the blue line of the Momentum indicator falls below the level of 99.85942, then it is considered that the price is in a bearish reversal, which is also a signal to exit.
3. If the histograms of the MACD indicator are rolled back below zero.
Entry conditions for a short position:
1. Triggerlines indicator lines are colored red and they are above the candles.
2. The blue line of the Momentum indicator breaks through the 99.85942 level from top to bottom, indicating a bearish trend.
3. The MACD indicator histograms are formed below the zero line, which confirms the strength of the bears.
After all the conditions are met, open a position for sale.
Stop loss is set a few points above the previous maximum.
Take profit can also be set in three ways:
1. If the custom Triggerlines indicator turns blue, which indicates a decrease in the strength of the bears, this is a signal to exit.
2. If the blue line of the Momentum indicator rises above the level of 99.85942, then it is considered that the price is in a bullish reversal, which is also a signal to exit.
3. If the histograms of the MACD indicator rise above zero.
Consider, for example, the work of a trending strategy on the indicators MACD, Momentum and Triggerlines.
Currency pair EUR / USD hourly chart.
At point 1, we have met all the conditions for entering a short position. Open SELL at the price of 1.1680. Stop loss is set at 1.1730 (50 points). At point 2, the Triggerlines indicator is repainted in blue - close the SELL position at the price of 1.1656. Take profit was 24 points. Next, at point 3, we open the position BUY, since all the conditions for the purchase are fulfilled. The purchase price is 1.1673, stop loss is 1.1643 (30 points). When the color of the Triggerlines indicator changes to red, we close the position at the price of 1.1727. Take profit was 46 points.
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