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.

Please reload

ABOUT US

THEFOREXKINGS

“Trading FOREX since 2006. Full time trader and web developer since 2013. My two biggest hobbies are trading and web development. In TheForexKings I managed to connect both of them. Even after 12 years of trading I still have the same passion for the market as at the beginning. The aspect I enjoy the most : development and testing of new ideas.” 

 

Only in 2016 - 2017 we have created more than 400 forex strategies. During this period we have also developed and published +200 MT4 Expert advisors based on those strategies. We are dedicated to provide you with viable and complete trading systems that have thrived in extensive historical testing. We want to give you complete and transparent trading solutions, that once mastered ,will set you financially free. We want to give you a fighting and winning chance in the market. ” 

—  Marian, Proprietor of TheForexkings.com