Forex Strategy Dzhankoy

We present to your attention the strategy Forex Dzhankoy which trade is based on signals of one indicators and very simple rules of an entrance to the market. It is the better to trade on this strategy on currency pairs of EUR/USD, EUR/JPY, GBP/USD and USD/JPY and on the temporary period of M5.

Emergence on the price chart a pin bar will be one of the strongest signals. It can appear either at top, or on a hollow and is characteristic a long shadow up or down.

To trade on this strategy it is necessary:

1. To set the RSI indicator from the section "Oscillators" 

with a period 6,

which will show us divergency.

2. To install the Bollinger Bands indicator from the section Trend indicators 

with settings BandsPeriod 18 and BandsDeviations 2. 

This indicator will show us a trend.

3.To install the indicator Moving Average 

with a period 50 and method MA – Simple

4. To install the Moving Average Exponential indicator with the period 21. We will also determine a trend and to close positions.

It will look like that on the chart:

1 signal:

It is necessary to wait for emergence in the market a pin bar. It can appear both on a trend, and against, the main thing to leave with profit in time.

2 signal:

It is necessary for us that in the market appeared divergence, as shown in drawing below.

At its top it is possible to enter into the market. Stop loss we will set on other party of a candle or behind a local maximum, and takeprofit we will put 15 points.

We wish you high profit.

It is possible to discuss this strategy at forum