346# Fx Contrarian Trading System

Submit by Joy22 01/06/2012

 

Time Frame H1

Currency pairs:any

 

Indicators:

envelope 233

moving average 233

lukas1 arrow 

Stochastic (5,3,3)

 

Short Entry

Wait that the price close above the Red band, Sell ​​the opening of the next bar when you see the red arrow Lukas, confirmed by Stoch that cross down

 

Long Entry

Wait that the price close above the Green band, Buy ​​the opening of the next bar when you see the Green arrow Lukas, confirmed by Stoch that cross down.


Exit position:

  1. at the opposite arrow;

  2. when stoch reaches the overbought or oversold;

  3. when the prices reaches the first line white;

  4. predetermined profit target 15-30 pips.

    Place stop loss at the previous swing.

In the pictures Fx Contrarian forex system in action.

 

luckas arrow
metatrader
luckas arrow.rar
compressed file archive 2.7 KB
fx contrarian
Forex Trading System
fx contrarian.rar
compressed file archive 958 Bytes

Share your opinion, can help everyone to understand the forex strategy.

Write a comment

Comments: 0