On this strategy,
1 Step. First thing, need to find healthy up or down trend, Any sidewise trend place a rectangle shape of 8pips height.
2 Step: Indicator used on main panel are mcginley 8 and 14. So After avoiding Sidewise Trend. Wait for these two line crossover.
3 Step: RSI indicator need to be set at 50 and remove lower band of RSI. So if the RSI is Just above the 50% line then buy signal and if below 50% then sell. ( Just need to point up or down near 50% line)
4 Step: Setup MACD Indicator. Use with histogram. Default setting. ( For Buy two line must point upward with Bullish Histogram and reversal for sell)
5 Step: Stoch indicator. Again default setting with higher and lower band. If indicator pointing upward then buy confirmation and reverse for sell.
6 Step: SL need to be Just above the mcginley Line crossover. RR 1:2.5 or 1:3RR Minimum otherwise no trade
Any Suggestion welcome
Gautam
1 Step. First thing, need to find healthy up or down trend, Any sidewise trend place a rectangle shape of 8pips height.
2 Step: Indicator used on main panel are mcginley 8 and 14. So After avoiding Sidewise Trend. Wait for these two line crossover.
3 Step: RSI indicator need to be set at 50 and remove lower band of RSI. So if the RSI is Just above the 50% line then buy signal and if below 50% then sell. ( Just need to point up or down near 50% line)
4 Step: Setup MACD Indicator. Use with histogram. Default setting. ( For Buy two line must point upward with Bullish Histogram and reversal for sell)
5 Step: Stoch indicator. Again default setting with higher and lower band. If indicator pointing upward then buy confirmation and reverse for sell.
6 Step: SL need to be Just above the mcginley Line crossover. RR 1:2.5 or 1:3RR Minimum otherwise no trade
Any Suggestion welcome
Gautam
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