25# Gold Forex Line FX Strategy for Mobile
Submit by Dimitri -2024-, Author Golden Line Forex
Golden Line Forex is a reversal strategy based on Bollinger Bands Stochastic and MACD.
Golden Line Forex Strategy offers two types of entry reversal with Bollinger Bands and Stochastic, and in divergence with the MACD.
Time Frame 5 minuti or higher.
Currency pairs: any.
Platform MT4 and MT5 mobile.
Indicators Setting
Bollinger Bands (periods 50, deviation 1.1, Typical priceHLC/3);
Bollinger Bands (periods 50, deviation 2, Typical priceHLCC/4,
levels: 0.6, 0.65, 0.7, 0.75, 0.8, 0.85, 0.9, 0.95.);
Bollinger Bands (periods 50, deviation 2, Typical priceHLC/43,
levels: -0.6, -0.65, -0.7, -0.75, -0.8, -0.85, -0.9, -0.95.);
MACD (12,26, 9, close);
Stochastic (5,3,3,, close).
Trading rules
Buy Position
• 1- Candle Stick inside the Buy Zone
◦ Make sure that the candles have entered the Buy zone and it is preferable to enter the Buy Zone and rise above it.
• 2- Stoch touched level 10 and the curves above level 20.
◦ Make sure that the stochastic lines entered the 10 Level and it is preferable to enter and rise. above the 20 Level.
Stop Loss
• Place your stop loss just below the buy zone, below the yellow line.
Take Profit
• First Yellow Line at the sell Zone Or the top line of the Sell Zone.
10-20 pips should be enough for scalping.
Sell Position
• 1- Candle Stick inside the Sell Zone
◦ Make sure that the candles have entered the Sell Zone and it is preferable to enter the Sell Zone and fell below it.
Stop Loss
• Place your stop loss just above the Sell zone, above the yellow line.
Take Profit
• First Yellow Line at the Buy Zone Or the bottom line of the Buy Zone.
10-20 pips should be enough for scalping.
• 2- Stoch touched level 90 and the curves above level 80
◦ Make sure that the stochastic lines entered the 90 Level and it is preferable to enter and fell below the 80 Level.
Trading with divergence
Below in the picture examples of divergence.
Stop Loss
◦ Place your stop loss just below the Buy Zone, below the bottom yellow line & below the Point (B)
Take Profit
• First Yellow Line at the sell Zone Or the top Yellow line of the Sell Zone.
10-20 pips should be enough for scalping.
Sell with Divergence
• For entries using sell setup divergence, note that candle A is lower than candle B and MacD A is higher than MacD B. This condition causes divergence.
• Make sure the Stochactic touches level 90 and curves past level 80.
Stop Loss
◦ Place your stop loss just above the Sell Zone, above the top yellow line & above the Point (B).
Take Profit
- First Yellow Line at the Buy Zone or the Bottom Yellow Line of the Buy Zone.
10-20 pips should be enough for scalping.
