Enter/ OPEN TRADE when all indicators, moving averages and candles are aligned.Indicators are attached.
MTFRSI +50 buy , -50 sell
Stepmastoch V1 crossed higher for buy , lower for sell
stepma_v9 price crossed higher for buy , price below for sell
stepma_sahken_v4 crossed higher for buy , lower for sell
One hourly candle closed higher from open for buy, closed lower for sell.
Stop loss below today's low//entry day low for longs , if sells above today's high
Target profit:3 times stop loss risk /difference between entry and stop.
Trailing stop 100
close every friday at 19:00 or daily candles trend line break//friday close option
Long trades filter :Low of ma5 on daily time frames will be above ma5 for longs and high of candle will be is below ma5 for shorts. MA 10 can also be used.
hourly charts
1 hr time frame :move to higher time frame daily or weekly
1 Trades or 2 good trades a week is enough
check dollar index before placing trades.Look for rejections from higher before selling.
Trade in direction of weekly , daily and monthly charts/trend lines .It will give you less false signals, so all trades on euro would be short.
stop loss 100 pips , take profit 300 pips//optional
I give you this pipmaster indicator , use it on hourly charts, if price below all mas only trade shorts.
PIPMASTER :+
if price above all mas trade longs
input int LWMA1=20;
input int LWMA2=30;
input int LWMA3=100;
input int LWMA4=200;
input int LWMA5=1000;
Search on google for "trend retracement strategy" , use trend retracement on daily weekly and monthly charts.
Get an EA done.
Trade with interest rates expectations
Only pairs suitable for making money are gbp/usd and eur/usd , usd jpy is very choppy.
https://www.earnforex.com/forum/threads/pipmaster-forex-professionals-system.30041/
MTFRSI +50 buy , -50 sell
Stepmastoch V1 crossed higher for buy , lower for sell
stepma_v9 price crossed higher for buy , price below for sell
stepma_sahken_v4 crossed higher for buy , lower for sell
One hourly candle closed higher from open for buy, closed lower for sell.
Stop loss below today's low//entry day low for longs , if sells above today's high
Target profit:3 times stop loss risk /difference between entry and stop.
Trailing stop 100
close every friday at 19:00 or daily candles trend line break//friday close option
Long trades filter :Low of ma5 on daily time frames will be above ma5 for longs and high of candle will be is below ma5 for shorts. MA 10 can also be used.
hourly charts
1 hr time frame :move to higher time frame daily or weekly
1 Trades or 2 good trades a week is enough
check dollar index before placing trades.Look for rejections from higher before selling.
Trade in direction of weekly , daily and monthly charts/trend lines .It will give you less false signals, so all trades on euro would be short.
stop loss 100 pips , take profit 300 pips//optional
I give you this pipmaster indicator , use it on hourly charts, if price below all mas only trade shorts.
PIPMASTER :+
if price above all mas trade longs
input int LWMA1=20;
input int LWMA2=30;
input int LWMA3=100;
input int LWMA4=200;
input int LWMA5=1000;
Search on google for "trend retracement strategy" , use trend retracement on daily weekly and monthly charts.
Get an EA done.
Trade with interest rates expectations
Only pairs suitable for making money are gbp/usd and eur/usd , usd jpy is very choppy.
https://www.earnforex.com/forum/threads/pipmaster-forex-professionals-system.30041/
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