Forex Smart Forex strategy based on the indicators (5000 points per month)

To trade on this strategy, I recommend to choose a reliable broker, for example - Forex4you

Setting indicators for trading Forex strategy based on the indicators “Forex Smart”:
1. linear weighted moving average (Lіneаr Weіghted Mоving Аverage) - period 8, offset 0, applied to the average price (Typіcal Rgse - HLC/3), blue color (Blue).
2. linear weighted moving average (Lіneаr Weіghted Mоving Аverage) - the period of 21, shift 0, applied to the average price (Typіcal Rgse - HLC/3), the color of Gold.
3. Parabolic (Parаbolic SAR) - step 0,0026, a maximum of 0.5.
4. the Stochastic oscillator (Stochаstic) - period %K 12 period %D 12, slow 5. Rates selectable Clоse/Clоse. Method MA selectable Exponential. It is necessary to tick off the items “to secure a minimum of 0 and maximum of 100.
You also need to install additional levels of 20, 40, 60 and 80, the rest (most often is level 50) remove.
5. MACD - fast 8 EMA, slow EMA 21, MACD SMA 1. Applied to Weighted Close (HLCC/4).

The position is opened, when we see the intersection of the blue moving average (8) gold moving average (21).
Optional:
1. when forming the Parabolic SAR indicator of the level of support prices, i.e. the parabolic is below the price - we open a long position.
2. if the moving averages crossed in the opposite direction to the movement of the Parabolic, but he for 20 hours (equivalent to 5 candles) changed its location, opening deals possible because the trend has reversed.
3. when forming the Parabolic SAR indicator of level of resistance rates, i.e. the parabolic is above the price - we open a short position.
4. the MACD indicator is used to avoid false trading signals when opening positions. That is, he must acknowledge signals from the moving averages on the chart! This means that the indicator bars small - the beginning of a trend.
5. Stochastic. Do not make deals with Stochastic signals about perekuplennosti or pereprodannosti. In other words, the indicator when opening the transaction must be within the boundaries of 20-80%.

The exit from the market:
1. If you have opened a long trade (buy), the signal to exit the position will be the penetration level of 80 Stochastic bottom-up, after which he will go down and cross the level 60. Immediately after this transaction should be closed. In other words, waiting for the touch or penetration level of 80, then 60, then close the position.
2. If you open a short trade (sell), the signal to exit the position will be the penetration level of 20 Stochastic top-down, after which he will go up and cross the level 40. Immediately after this transaction should be closed.
You also need to exit the market if the graph of our moving averages (8 and 21, blue and gold) are crossed in the opposite direction relative to the moment when we entered the market. The chances that change their moving direction, a little, because the first signal output from the first position in most cases takes the Stochastic indicator.

Let us consider an example. EURUSD, H4

A1 is the first entry point. Blue moving crossed gold from top to bottom, parabolic forms a resistance line for the price, not Stochastic is oversold, though it comes close to level 20, and MACD is almost in balance (around zero). Open for sale. Observe the Stochastic. As soon as he crossed the level 20 upwards, preparing to close the position. He is level 40 and we close the position locking 129 pips.

A2 - false alarm, not included, because the parabolic is above rates. Although it was possible to open through 5 candles, when he changed his position.

A3 - buying. Sell after hitting the Stochastic level 60 (with the previous intersection level 80 from the bottom up). Profit +89 pips.

Remember that the profitability of trade is highly dependent on your chosen broker!