656# Counter Trend Strategy
Forex Milionare filtered
Submit by Danny 16/10/2015
Counter Trend Strategy is a contrarian trading system based on Forex Milionaire indicator filterd. Here there are three system
Here I filtered forex milionaire in three ways.
The first with Trend Half a trend following indicator fast.
The second with the indicator Step Ma,
the third with indicators of strength and trend-mometum (Williams' Percent Range, and RSX CFB).
The Best Time frame is 15 min.
Currency pairs: any.
Metatrader indicator for buit the metatrader templates:
RSIOMA nrp alerts bar,
Forex Milionaire,
RSI WPR OBOS Zone,
RSX CFB adaptive.
Half Trend, (up trend aqua line color, dow trend red color)
Step MA.
All indicators are with default setting.
First Template metatrader Forex Milionaire with Half Trend
Buy
Forex Milionaire buy alert confirmed by Half Trend aqua line.
Sell
Forex Milionaire Sell alert confirmed by Half Trend red line.
Forex Milionaire with Stem MA NMC 3.01
Buy
Forex Milionaire buy alert confirmed by Step MA arrow buy .
Sell
Forex Milionaire buy alert confirmed by Step MA arrow sell.
Forex Milionaire with trend momentum filter
Buy
Forex Milionaire buy alert confirmed by RSI that crosses upward WPR and RSX CFB histogram>0 ;
Sell
Forex Milionaire Sell alert confirmed by RSI that crosses downward WPR and RSX CFB histogram <0 ;
Exit position with predetermined profit target 12-18 pips depends by currency pairs.
Initial stop loss 20 pips after 11 pips in gain move stop loss at the entry point.
In markets with high volatility the best solution is the first template because Half Trend is fast enough.
In markets with low volatility the best solution is the third template because oscillators interpret better the small movements.
Forex Millonaire filtered by Kiijun Tenkan with PJ- Over RSI
Setting indicators:
Kiijun Tencan (9,26, 3, 3).
PJ-Over RSI (period 9 or 14 -Oversold level 45 Overbougth level 55),
aggressive setting:9
normal setting: 14.
Buy
Signal Buy arrow,
Tenkan>Kiijun,
PJ-Over RSI green color.
Sell
Signal Sell arrow,
Tenkan<Kiijun,
PJ-Over RSI red color.
TP 12 20 pips, but yo can also us ATR stop for exit.
Share your opinion, can help everyone to understand the forex strategy
