This strategy is basically a trend follower.
But still equipped with several indicators to estimate the limits of price movements.
BUY Signal:
- super-signals_v2a [2] indicator = Green Arrow.
- #MT TrendLine shows an uptrend and price signal below the Forecast High Trend Line.
- #X 3 Semaphore = Green Circle. (blue for trend-reversal)
- GMACD_Signals shows TREND / UP.
- Mint signal2 = Green. That includes the MA, RSI and CCI in the calculation.
- oMEGAFILTER = Green-White. This indicator is based on ZigZag.
- SEFC084 above level 0.
SELL Signal:
- super-signals_v2a [2] indicator = Red Arrow.
- #MT TrendLine gives a down signal and the price is above the Forecast High Trend Line.
- #X 3 Semafor = Red Circle.
- GMACD_Signals shows TREND / DN.
- Mint signal2 = Red.
- oMEGAFILTER = Red-Yellow.
- SEFC084 below level 0.
3 Other indicators:
# (T_S_R) -Daily Range Calculator is used to find out Average Daily Range, Daily Low and Daily High. Also, to determine Risk to Reward Ratio and estimate Maximum Stop Losses.
The BobokusFibo indicator is used liked you use Fibonacci Retracement.
The boun__Signal_Bars_v3_Daily indicator is used to find out the Average Daily Range and Hi to Low.
It includes MACD (Moving Average Convergence Divergence), RSI (Relative Strength Index), CCI (Commodity Channel Index), Stochastic Oscillator and MA (Moving Average) in the calculation.
Get the required indicators:
super-signals_v2a[2]
#(T_S_R)-Daily Range Calculator
#MT TrendLine
#X 3 Semafor
BobokusFibo
boun__Signal_Bars_v3_Daily
GMACD_Signals
Mint signal2
oMEGAFILTER
SEFC084
Also, gets the template here:
Alex Bucely Forex Trading Strategy Template
Trading platform:
MT4