152# MA Candles Channel Trading
Moving Averages Trading
Submit by Freddydorex 24/02/2014
MA Candles channel trading is a trend following forex strategy based on the two moving averages and Ma Candle channel (price action indicator).
Time Frame 30 min or higher.
Currency pair: EUR/USD, GBP/USD, AUD/USD, USD/CHF, GBP/JPY, EUR/JPY, and other Currency Pair.
233 simple moving average;
56 simple moving average;
MA Candles Channel (9, 34) price action indicator;
Stochastic histogram (14,3,3).
Long Entry
Green candle (MA Candles Channel indicator)above the upper56 channel and above the 233 upper channel.
Stochastic histogram green candle.
Short entry
Red candle (MA Candles Channel indicator) below the lower 56 channel and below the 233 lower channel.
Stochastic histogram red candle.
Exit position
Initial stop loss is 20 pips below (for buy) or above (for sell) at the 56 ema white line.
Profit Target ratio 1:1.2
