Hi,
I'm still seeking for the perfect trading system...
today I want to suggest a simple strategy based on indicators divergence.
[H4 Divergence]
#Currency
Any
#Timeframe
H4
#Indicators
CCI (14)
Momentum (14)
RSI (14)
#Trading Conditions
Look for any divergence on chart and monitoring situation...
#BUY
Minimum trading conditions:
-Divergence on 2 of 3 indicator
-CCI ≥ -100
-RSI ≥ 30
#SELL
Minimum trading conditions:
-Divergence on 2 of 3 indicator
-CCI ≤ 100
-RSI ≤ 70
#Entry Point
To identify an entry-point you can look at H1 chart instead of H4, using MTF indicators and setting Timeframe on 240.
Enter after H1 candle close.
#Stop Loss, Trailing Stop and Take Profit
Do what you want
EXAMPLE
I appreciate any suggestion.
Thanks.
I'm still seeking for the perfect trading system...
today I want to suggest a simple strategy based on indicators divergence.
[H4 Divergence]
#Currency
Any
#Timeframe
H4
#Indicators
CCI (14)
Momentum (14)
RSI (14)
#Trading Conditions
Look for any divergence on chart and monitoring situation...
#BUY
Minimum trading conditions:
-Divergence on 2 of 3 indicator
-CCI ≥ -100
-RSI ≥ 30
#SELL
Minimum trading conditions:
-Divergence on 2 of 3 indicator
-CCI ≤ 100
-RSI ≤ 70
#Entry Point
To identify an entry-point you can look at H1 chart instead of H4, using MTF indicators and setting Timeframe on 240.
Enter after H1 candle close.
#Stop Loss, Trailing Stop and Take Profit
Do what you want
EXAMPLE
I appreciate any suggestion.
Thanks.