How To Trade (Part 4)

“How To Trade (Part 4)” is another strategy that is simple and can assist many traders on how to trade Forex or Volatility Index on the mobile Meta Trader app.

However, this very strategy is indicator based and traders can set it up on the Personal Computer as well as on the mobile device.

Basically, this strategy works on all time frames (especially from 1 minute to 4 hour time frame). You can use this strategy to trade XAUUSD, NASDAQ 100, Step Index, Boom and Crash index.

How to trade 4

 

Market

BTC: 3Lrsk2Qzmoi1w1MwHvUL5ooqUJKbKUUvUz

For your Bitcoin Transactions, think LUNO … hit the link to sign up https://www.luno.com/invite/KQRSXS

Check Out:

Support and Resistance

BeanFX Volatility Index 75 Scalper

Trendline Breakout Strategy

Megaphone Price-Swing Strategy

Three White Soldiers

Fibonacci Strategy

Flag Patterns

 

Indicators:

Howtotrde4

Main Chart:

The indicators on the main chart are: Fractals (to identify price rejection area), and moving averages (21 EMA, Red line and 50 EMA Black line)

fractals 21 ema50 ema

You will have a Buy signal when the Red cross above the Black line.

On the other hand, you will have a Sell signal when the Red line cross below the Black line.

sell trade4

Indicator Window 1:

Relative Strength Index and Ichimoku Kinko Hyo are the indicators on Indicator Window 1.

indcator window 1

Relative Strength Index setting is:

rsi

 

Ichimoku setting for Indicator Window 1 is as follows;

ichimoku

Uptrend starts when the Ichimoku cloud changes from Red to Green colour.

On the other hand, Downtrend occurs when the Ichimoku cloud changes from Green to Red colour.

ichimoku buy

 

Indicator Window 2:

MACD and Moving Averages are the indicators available on Indicator Window 2.

indicator2

 

 

MACD setting is:

macd settings

 

Moving Average settings on Indicator Window 2 are:

indicator 2 ma

When the Red line (1 LWMA) cross above the Orange and Blue lines (20, 25 and 30 LWMAs) , you have a Buy trigger.

However, when the Red line cross below the Orange and Blue lines, you have a Sell trigger.

indicator window 2

(Try this on a demo account first!)

Summary;

  1. Firstly, allow the Ichimoku cloud to form and indicate the current trend,
  2. Allow the Red line to cross the Black line on the Main Chart, and lastly
  3. Ensure you have Buy or Sell trigger on Indicator Window 2 when the Red line cross the Orange and Blue lines.

TP and SL

Market

BTC: 3Lrsk2Qzmoi1w1MwHvUL5ooqUJKbKUUvUz

Volatility

Referral links;

(Volatility Index Broker:…https://track.deriv.com/_WxWzztorkVi2vdm9PpHVCmNd7ZgqdRLk/1/)

(Broker: Alpari …   https://alpari.com/en/?partner_id=1244646)

(Broker: Exness … https://www.exness.com/a/t0q1u0q1)

(Broker: FXTM… http://forextime.com/?partner_id=4806145)

(Email: beanfxtrader@gmail.com)

(Telegram:  https://t.me/joinchat/AAAAAE97zaWdZg5KBbrIVQ)

Leave a Reply

Your email address will not be published. Required fields are marked *