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Forex Strategy “PRESS”

It is a very simple strategy that is recommended to be used with a currency pair of GBPUSD with the time interval of 5 minutes.

First of all, for the graph of GBPUSD you need to install a few of Forex indicators:

  1. MACD of 5, 8, 9
  2. SMA of 8
  3. 0.11 and 0.1 P.SAR is set to the graph of GBPUSD.
  4. 0.11 and 0.1 P.SAR is set to the MACD graph.

Make a purchase transaction if:

  1. MACD ledges are higher than the 0 line together with the MA of the same indicator.
  2. At least one of the 5-minute candles is higher than the MA.
  3. The price graph, MACD indicator and the P.SAR indictor are in the bottom.
  4. The stop-loss is 20 items away from the entrance into the market or is higher than the P.SAR indicator.
  5. There is no a set for a take-profit!
  6. When there are 15 or 20 checkmarks the stop-loss transfers into the break-even point.
  7. For the next stop-loss there should a movement beyond the price.

Make a selling transaction if everything is vice versa. 

 

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

 

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