Adding to the winner, MACD and RSI FOREX strategy

This strategy could be also easily called stairway to profit. As with other forex strategies that are using adding to the winner as extremely aggressive and profitable money management method.

Two thing are true.

• One long series od trades can double your trading account.

• Those series are extremely rare. It is difficult to estimate wave structure and avoid being stopped prematurely using this trading method.

This forex strategy offers elegant, simple and complete solution to adding to the winner.

Used forex indicators

MACD (Moving average convergence divergence) 24,52,9

RSI (Relative strength index) 2

Fractals

Forex strategy rules

For the best results, trade with professional ECN/STP broker with MT4. If you can't trade with profit. Automatically copy the traders that are already profitable.

BUY

1. MACD histogram is closing above zero line.

2. RSI falls below 30. We wait for first bullish fractal to close. Enter long. Stop loss is placed at the tip of our signal fractal.

3. Default take profit is double the distance between entry and stop loss.

4. Next position is opened in the same direction, on next valid signal, under the condition, that stop loss of new position is above the entry of previous position.

5. We enter next position on valid signal while placing all of our stop loss orders on our current signal stop loss.

6. If we have multiple opened long trades, we treat stop loss as trailing stop, placing it higher after each signal.

SELL

• MACD histogram is closing below zero line.

• RSI rises above 70. We wait for first bearish fractal to close. Enter short. Stop loss is placed at the tip of our signal fractal.

• Default take profit is double the distance between entry and stop loss.

• Next position is opened in the same direction, on next valid signal, under the condition, that stop loss of new position is below the entry of previous position.

• We enter next position on valid signal while placing all of our stop loss on our current signal stop loss.

• If we have multiple opened short trades, we treat stop loss as trailing stop, placing it higher after each signal.