Sharing my Simple Trading Strategy that Works.!

Philip Pankaj
6568

A good strategy should answer 5 questions:


1. Does our entry occurs in decent volume zone ?

2. Is there enough space for Candlestick to grow? (Avoiding OverBought and OverSold Zones).

3. Are we Aligned with trend?

4. Can we evaluate easily with naked eyes?

5. Is there low Risk Involves.?


And Here's my Understanding and implementation of it.

Indicator Involves:

Moving Average:

Period 10,20

Price Close

SMA


PSAR:

Step:0.02

Max:0.2


STD Deviation:

Period 5


Stochastic Oscillator:

k Period -5

d Period -3

Slowing -3

Price Field-Low/high

SMA


Volume Indicator 


Trading Strategy:


Buy Signal:



Bear Signal:



StopLoss/Exit:

On PSAR dot / PSAR Reversal.


Happy Trading!!!


Best Regards,

Philip Pankaj

Paula Ramirez
89
Paula Ramirez  
Thanks for sharing your good strategy!
Philip Pankaj
6568
Paula Ramirez #:
Thanks for sharing your good strategy!
Welcome Paula Ramirez.
Share your valuable ideas and thoughts.
Amos Ossai
16
Amos Ossai  
The Simplest strategy in forex:
123 formation. Chose your time frame. For Buying, wait to see the first higher low. Then. break of higher high and retest of it, enter.stop loss. Bellow the first higher low. Take profit. Above the higher high.
Philip Pankaj
6568
Amos Ossai #:
The Simplest strategy in forex:
123 formation. Chose your time frame. For Buying, wait to see the first higher low. Then. break of higher high and retest of it, enter.stop loss. Bellow the first higher low. Take profit. Above the higher high.
Is it the Dow theory? Your 123 formation is similar to Dow theory. Are you using zigzag or something else to determine HH,LH,HL and LL?