6960+ Pips Profit!

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Forex strategy "Forex Wave"

Time Frame: 1 min, 5min,15min, 30min
Currency Pairs: all.

Forex Indicators:
34EMA High (green)
34EMA Low (Red)
34EMA close (white)
161EMA
Pivot
Stochastic (8,3,3,)
RealMACD (5, 15,5)

Long Entry
When the price retraces into the wave from above the wave
wait a candle that closes above the wave with Stochastic >50 and MACD>0

Short Entry
When the price retraces into the wave from below the wave
wait a candle that closes below the wave with Stochastic

Setting for 30 min time frame
Stop Loss
for sell 2 pips above 34 EMA close.
for buy 2 pip below 34 EMA close.

Profit Target on the level pivot or 35 pips.

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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