This strategy is suitable for any trader looking to combine oscillators as both trend filter and signal provider. It also goes a step further, adding some swords to the game (candle signal, trailing stop). Strategy works in any time frame and currency pair.
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Expert provided freely to the strategy can be used both as a scalper and swing trending method.
Used forex indicator
Settings used for the results in screenshots
Demarker (trend filter 60 ) additional lines of 0,55 (buy above zone) and 0,45 (sell below zone) are added to be able to better distinguish between trending and ranging conditions. Zone between those two lines is a no trade zone.
Demarker signal (20). Demarker is used as an entry signal. Strategy does not enter the trade immediately upon the oscillator entering overbought/oversold zone. Instead, it waits for it to return back between 0,7 and 0,3 line. The return of the oscillator must be coupled with corresponding candle with defined size
Min max candle size(1 - 50 pips). Each trade is triggered by the candle with defined size.
Trailing stop (extra deviation 60). Trailing stop is used as an only method of position liquidation. It is trailed behind each closed candle. Extra deviation input helps to adjust the additional distance, to cover the market volatility.
Automatic money management: Use MM input (this seething will allow automatic money management, allocating defined lots on each 100USD of equity. This module is suitable only for testing as it leverages down on draw down (which is a bad thing to do).
Forex strategy rules
SELL
DeM trend filter 60 trending below 0,45 line – downtrend (downward momentum).
DeM signal rising above 0,7 line and subsequently falling back under 0,7 line with strong bearish candle.
We enter the trade short. Trailing stop placed 60 pips above each closed candle high.
Position is closed only at trailing stop at loss or at profit.
BUY
DeM trend filter 60 trending above 0,55 line – uptrend (upwards momentum).
DeM signal falling below 0,3 line and subsequently rising back above 0,3 line with strong bullish candle.
We enter the trade long Trailing stop placed 60 pips below each closed candle low.
Position is closed only at trailing stop at loss or at profit.
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Disclaimer: Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.
