This is very simple but very very effective. Forex StochCandle RSI Trading system (The Most Reliable and Successful Simple Forex Trading Strategy). Yes… the simpler the strategy, the easier it is to understand the underlying concepts.
The StochCandles mq4 Forex custom indicator is built for all Forex traders who use MetaTrader 4 and MetaTrader 5 trading software. This custom indicator is very simple, BUY when blue color and SELL when red color
The Tenkan-Sen is generally used to create predictions of future momentum.
Many technical traders use the Tenkan-Sen as a tool for predicting levels where the price of the asset will find short-term support.
When the price above Tenkan-Sen line, this is generally considered a bullish signal. Alternatively, when the price below Tenkan-Sen line, it is considered a bearish signal.
Forex StochCandle RSI Trading System
Forex StochCandle RSI Trading System is mainly a trend following system designed for the trading forex market. It’s based on StochCandle, RSI, Tenkan-Sen, and Wave Arrows.
Wave Arrows – This indicator is based on fractals. And it provides visual entry and exit suggestions in the form of Red and Blue arrows. Red Arrow = Sell Signal = Close Buy, Blue Arrow = Buy Signal = Close Sell.
- Best Time Frame: 30 min or higher
- Recommended Currency Pairs: any
- StochCandle blue color and above Tenkan-Sen line
- RSI line upward above 50 level
- Wave Arrows blue color below the Previous Swing Low
- Signal Trend green bars
- StochCandle red color and below Tenkan-Sen line
- RSI line downward below 50 level
- Wave Arrows red color above the Previous Swing High
- Signal Trend red bars
There is no perfect strategy
I’ve tried just about every exit strategy out there. None are perfect. Sometimes you sell too soon. Sometimes you sell too late. That’s the bad news.
The good news? You do not need a perfect exit strategy to be successful. You just need to be able to protect your money when you are wrong – and take profits when you are right.