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Forex Strategy “Indicator Salad”

This Forex Strategy corresponds as a very simple and efficient trading system based on a combination of popular Forex indicators. The strategy is built on two moving averages (EMA), the RSI and the Stochastic. By analyzing the signals from every of these indicators one can see the closing and opening trading positions and favorable terms under which it is possible to make a great profit.

Any time intervals and currency pairs can be used for this strategy, but it is advisable to apply more than 15-30 minutes.

One should start by putting a currency pair on the Metatrader 4, then the Forex indicators should be installed: 10-period EMA, 5-period EMA, the stochastic (14, 3, 3) and the (14) RSI with 30, 50, 70 levels.

Make a buying deal when the EMA traverses 5 EMA higher than 10 and the stochastics goes up. Make a selling deal when 5 EMA traverses 10 EMA higher and the stochastics goes down.

 

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

 

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