Forex Trading Strategy with Heiken Ashi and Momentum | Forex Signals Market
Tuesday, September 02, 2014

Forex Trading Strategy with Heiken Ashi and Momentum

The forex trading strategy which will analyze below are extremely simple to implement and has a high success rate because it identifies with clear rules the entry point and do not confuses the trader since it uses a relatively small number of indicators.

We can apply it to all products

Timeframe


The results of the forex trading strategy is deemed satisfactory in all timeframes.
The forex trading strategy includes the following indicators:




  • Heiken Ashi
  • Momentum(8)
  • Stochastic Oscillator(8, 3, 3)
  • EMA(21)

Forex Trading Strategy
 Buy Rules


The forex trading strategy generates a buy forex signal when the Heiken Ashi candle closes above the exponential mooving average.
Momentum Line is above the level 100 and continues upwards.
The Stochastic line is located above the dashed line and simultaneously above the level of 40.

Stop Loss


We can place the stop loss level slightly lower than the previous recent low point on the chart.

Close Long Position


We can close our position when will not apply one of the three buying criteria.

Sell Rules


The forex trading strategy generates a sell forex signal when the Heiken Ashi candle closes below the exponential mooving average.
Momentum Line is below the level 100 and continues downward.
The Stochastic line is located below the dashed line and simultaneously below the level of 40.

Stop Loss


We can place the stop loss level slightly higher than the previous recent high point on the chart.

Close Short Position


We can close our position when will not apply one of the three sales criteria.

Important : All investors should know that any forex trading strategy before implementing in a real account needs to be tested in a demo account in order to be fully understood.

Also, all traders should be aware that extraordinary events occurring in the forex market very often, and is likely to alter the financial results of a forex trading strategy.

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