479# Blue-Red- Forex Strategy
FX Snipers Trading
Submit by KK trader 10/08/2013
This strategy is trend following and to look out to breakouts to take a deal, based on serveral indicators.
The forex indicators are in colour DodgerBlue and Red. That´s the name ;)
Forex Indicators
2 FX Snipers Ma indicator (2-10-0-0) (1-26-0-0)
VQ Bars in default (5-3-1-5-false)
NRTR_Rosh_v2eAlert-mtf in default (40-2.0-true-false-true-1-1-0, colours red-dodgerblue-black-black-red-dodgerblue)
Optional
Magnified Market Price (to better see the actual market price)
#FS30_7 (a BreakOut Signal Indicator, but not even correct)
With this one already really good trades are possible
Filters prudent and advisable
Trade What You See (default 7-50.6-300)
CCI_Histogramm (14)
Advanced_ADX (14)
SEFC084 (12)
fxfariz_scalpingM5 (set to 20)
How to trade
Simple buy when a) Indicators alert b) and/or all forex indicators and filters are blue and sell when all are red. Also pay attention to the usual main trading hours!
Interrupt or no trade when there are differences in indicators colour.
StopLoss (for my own) under or over the NRTR_Rosh indicators black line.
Take Profit for your opinion or when the colour of one indicator is changing.
Best Timeframe to me is H4, H1, M30 but it is possible to use it in lower timeframes, but no recommended.
Sorry of my faults, because english isn´t my Mother tongue.
Always nice Pips!
In the picture below Blue-Red- Forex Strategy in action.
Share your opinion, can help everyone to understand the forex strategy.
Blue Red Forex Strategy
Anto (Saturday, 01 March 2014 19:02)
where I can found info about #FS30_7 indicator inside in this TS? TIA
kk (Friday, 16 August 2013 13:27)
Hi Miss,
thank you for your praise.
So far it is not noticed, because I trade the system in the H1 or H4. It is possible, of course, but calculation at 300 bars, it is rather rare occurrence. I forgot to mention, that you should enter a trade only if the current candle is finished, because within the current candle is of course always possible that changes the color.
Miss (Tuesday, 13 August 2013 05:48)
KK,
I am very impressed with your trading strategies. Is TRADE WHAT YOU SEE indicator repaint?
Thanks in advance..
Frank (Monday, 12 August 2013 21:10)
Hi KK , thank you for kind replay .
KK (Monday, 12 August 2013 00:35)
Thanks! Yes, SEFC084 and fxfariz Indicator repaints, but in higher timeframes they works ok. If you don´t like them, let them off. There are already enough indicators to be confirmed as a trade or not. I've read that basically all indicators and in particular the calculation is based on momentum are inaccurate. With my self-designed strategy to get to get along very well and a possible repaint until now was not a big issue.
Frank (Saturday, 10 August 2013 12:28)
Hi KK Trader , good job , but are you sure that indicators don't repaint ? Thank's for answer .