Hi,
I have been trading ( or better trying to to trade) forex for the few years now. recently i have developed strategy that i think i quite good. But I have a problem to know when to exit the trade etc. So the strategy rules are very simple:
For going long:
- CCI (4) below -100
- RSI (2) below 30
- Stoch (4,1,1) below 20
- MACD above signal line
So basically we waiting for the pullback which means that we only entering the trade if the next candle after the all conditions are met is closed above the previous candle.
For shorting the positions and the conditions will be exactly opposite.
The strategy works good with 15M, 30M, 1H chart. Probably u can trade that with 5M charts as well but i personally prefer the longer timeframe than this.
Please take a look at my screenshots and tell me what do you think.
I am not a forex guru or anyone like that i just want some opinions, tell me what u think and how can i improve my system.
Thanks