663# Forex Distance Trading
MA Distance
Submit By MarK 23/11/2015
Forex Distance is a trading system based on two envelopes. This system is simple.
Time frame 15min or higher.
Currency pairs:any.
Metatrader indicators:
Heiken Ashi,
Line Ask Bid,
Spread Time,
Forex Distance ( half length 35, 0, 0, deviation 0.35),
Forex Distance ( half length 35, 0, 0, deviation 0.15).
Forex Trade (period 9 , factor 1 0,33- factor 2 0,66),
Trading rules Forex Distance Trading
Buy
When the price broken the lower band wait that the green line of the forex trade indicator is above the blue line.
Heiken ashi White bar is optional.
Sell
When the price broken the upper band wait that the green line of the forex trade indicator is below the blue line.
Exit position is discrtetionary bu is recommend ratio 1.2 stop loss.
Place initial stop loss on the previous swing High/Low.
Heiken ashi red bar is optional.
In the pictures Forex Distance Trading in action.
Write a comment
Patrick (Tuesday, 24 November 2015 17:47)
Hi Mark .
Half Lenght of one of forex distance indicators must be 5 or 35 ?
Thank you .
Victor (Tuesday, 24 November 2015 20:08)
The indicator forex distance repaint.
Mike (Thursday, 26 November 2015 19:58)
Watch out for the Forex Distance indicators. They repaint the past. It's the way it calculates MA. If you want a non repainting bands indicator, just replace it with a TMAtrue indicator. Then the past will show you a whole different thing. Not so perfect at all...