Forex Strategy “SMA 150 + Stochastic + RSI”

Forex Strategy is a better option for long term trading.

 

Trading pairs: All

Timeframe: D1

Indicators to be used:

SMA 150Stochastic: 8,3,3RSI: 3.

Entry into the long positions:

At the moment when the price is above SMA 150, and RSI is below the level of 20, shall look at the oscillator Stochastic – the line K% should cross the line D%, being below the level 30.
Entry into the short positions:

At the moment when the price is below SMA 150, and RSI is above the level 80, look at the oscillator Stochastic – the line K% should cross the line D%, being above the level 70.

Stop Loss: set it at the level of the previous local low.
Exit the positions:

Fix the result of the buy transaction when the lines of Stochastic go above the level 70. In order to exit sell position, Stochastic lines shall go down below the level 30.

SHARE THIS

RELATED ARTICLES

Leave a Reply

FOREX SIGNAL ALERTS! Subscribe for recieve free Forex Trade Signals and Trade Event notifications right in your inbox.

Scroll Up