Trend Following:Entry On Retracements


Watch for the retracements.

Time frame :15 mins/ 30 mins /1 hour/ 4 hours / daily chart.

Stop loss : 100pips or 2% Equity

Take Profit : Dynamic - Parabolic Sar or MacD crossover

Money Management : Do not risk more than 2% per entry.

Note:

This strategy is not good on a choppy side way market conditions.


Indicators:

1. Simple Moving Average - 30 bars

2. Use RSI 14 for exit or

3. MACD 9/26/9

Watch out for:

• Place a buy market order as you see a bullish candle moving away from the Simple Moving Average overlaid on the chart. Make sure trend of MA and price is up.

• Place a Sell market order as you see a bearish candle moving away from the Simple Moving Average overlaid on the chart. Make sure trend of MA and price is down.

• Use additional indicators like MACD Crossover , RSI and Parabolic Sar for Entry and Exit.

• Set Stop loss at least 100 -150 pips below or above your entry or 2% of your capital whichever is higher. Put in a 10/ 15 pips trailing stop together with order..

Condition for Buy

1)Price should retrace to MA for support

2) MA should go up & Parabolic Should be below price

3) Exit when Parabolic Sar goes above price and there is MACD Crossover at the top .



Condition for Sell

1) Price should retrace to MA encounter resistence

2) MA should go down & Parabolic should be above price

3) Exit when Parabolic Sar goes below price and there is MACD Crossover at the bottom.



TAHUKAH ANDA?

Di broker FXPRIMUS dana anda dilindungi oleh salah sebuah syarikat Insurans terbesar di dunia sehingga EURO2.5 Million.

Keterangan lanjut boleh menghubungi saya untuk bantuan dan pertanyaan.


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