This is a trend and break strategy that is applied for the EURUSD currency pair. The strategy filters the signals at the entry to the market. It uses 3 MAs. The trading is happening in H1.
First, set in the EURUSD graph these indicators:
- A golden EMA of 144 with a 35 level.
- A golden EMA of 169 with a 35 level.
- A blue SMA with 400 of 35 and -35 levels.
- The indicator for the box drawing.
To make a buying deal the following terms should be done:
- EMA with 166 and EMA with 144 should cross the SMA with 400 from the bottom up.
- The highest price of blue boxes should be higher than all the MAs.
If all of these conditions are true, then move away from the highest price for 5 points and start the pending order.
If the deal is not concluded by take-profit or stop-loss, the pending orders of the next day are not set.
If the deal is not concluded by the start of the box generation next day, the pending order disappears.