BeanFX V75 Zuri Strategy
BeanFX V75 Zuri Strategy is a good trading strategy that will assist Volatility Index 75 traders on how to make profitable trading decisions.
Zuri (a Kenyan native word for Good) is used in name of this strategy due to it’s 85% success rate.
However, you can use the Zuri strategy to generate short and long term trade signals for Indices, NAS 100, XAUUSD and Forex Currency Pairs.
You may use this strategy to determine major trend, minor trend and breakouts.
Basically, to load the settings for the Zuri strategy on your chart, you will install one Meta Trader indicator.
The Moving Average indicator will be the only indicator for this strategy.
You will also use Meta Trader 4 or Meta Trader 5 tools like Trendlines, Horizontal lines and Shape.
Your Personal Computer computer will be the most appropriate device for the Zuri strategy.
The ideal time frame for this strategy is the 1 hour time frame for all assets (Volatility Indices, Forex or XAUUSD). (Please try this strategy on a demo account before going live).
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Zuri Strategy Features;
- Major (Long term) and Minor (Short term) Trend Identification
- Trend Breakout
- Major and Minor Support and Resistance Identification
- Points of Confluence
How To Setup The Indicators;
Launch the Meta Trader chart.
Right Mouse click on chart to remove Grid.
Right Mouse click on chart and select Properties.
Select or click Show period separators and click OK.
Right Mouse click on chart and select Zoom Out two times.
The chart will look like this;
At the beginning of each trading day, mark out previous day 6 to 10 and load an orange rectangular shape to cover that 5 day period.
See images below;
Install 21, 35 and 50 Exponential Moving Averages on the Meta Trader window with the following settings:
Buy signal occurs on the when the Yellow Moving Average cross above the Blue and Green Moving Averages.
On the other hand, Sell signal occurs when the Yellow Moving Average cross below the Blue and Green Moving Averages.
The following Horizontal lines will form Support or Resistance area on the chart as they are plotted to align with previous days’ High or Low price points.
Price may break or bounce off the Horizontal lines.
The lines are;
Yellow Horizontal lines: To mark the Previous Day High and Low Price points.
Green Horizontal lines: To mark the Previous 5 Day High and Low Price points.
Magenta Horizontal lines: To mark the Previous 6th to 10th Day Range High and Low Price points.
Blue Horizontal lines: To mark the Highest and Lowest Price points on the entire chart in view.
Where you have a cluster of 2 or more horizontal lines, note that that particular area is a strong Support or Resistant Zone.
Expect a bounce or break at this zone.
Now, let us plot the horizontal lines.
Mark-out Previous Day High and Low price points with Yellow Horizontal lines.
See images below.
Buy if price closes around the previous day high, and Yellow moving average is above the Blue and Green moving averages.
On the other hand, Sell if price closes around the previous day low, and the Yellow moving average is below the Blue and Green moving averages.
You Will Mark-out Previous 5 Day High and Low price points with Green Horizontal lines.
Mark-out Previous Day 6 to Day 10 High and Low points with Magenta Horizontal lines.
Also Mark-out Highest and Lowest price points on the chart with Blue Horizontal lines.
Plot the ascending and descending trendlines on the chart with Red Trendlines (let the trendlines cover a 30 day range).
The Trendlines must connect the extreme tip of at least two highs or lows as shown in red circles in the image below.
Zoom out completely to plot the ascending trendline line.
Zoom in two times, to return to previous view.
How it works
- A new trend is formed if the Yellow moving average crosses the Green and Blue moving averages and price also crosses the Trendline.
- In a Bullish Trend, price will continue to form higher highs while the moving averages will continue to moving higher (point upwards).
- For Bearish Trend, price will continue to form lower lows while the moving averages will continue to moving lower (point downwards).
- In a Bullish Trend, price will continue to rise within a defined ascending trendline channel
- For a Bearish Trend, price will continue to fall within a defined descending trendline channel
- Buy if Price breaks and closes above the Previous Day High.
- Sell if Price breaks and closes below the Previous Day Low.
- If price breaks and closes below a cluster of Horizontal lines (strong support), then Bearish Trend may continue
- On the other hand, if price breaks and closes above a cluster of Horizontal lines (strong resistance), then Bullish Trend may continue.
Major (Long term) and Minor (Short term) Trend Identification
Zuri strategy can be used to identify major and minor trends for any asset. Major and Minor trends can be identified on the chart by carrying out the following steps;
- Zoom out the one hour time frame completely
- Plot Trendlines on the chart to outline the trend over a period of thirty trading days.
Basically, price will always continue its movement in a trend (wave-like manner) except when a trend breakout occurs.
Trend Breakouts usually change the course of price movement in a short or long term basis.
Short term trend breakouts are typically know as price retracement. Another breakout may happen soon and price may continue in it’s initial direction.
Long term trend breakouts are typically know as price reversals. Price may change it’s direction completely, by going the other way.
Major and Minor Support and Resistance Identification
Technically, a cluster of two or more lows or highs will form a strong support or resistance area.
There are instances where price may test a zone/line multiple times. That zone may form a strong support or resistance to price later on.
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