47# Schaff Trend Cycle strategy

Cycle Trading

Submit by Forexstrategiesresources

 

Time Frame's: 15 min and above 

Pairs: Any

Indicators:

 Schaff Trend Cycle

Ema's 100,

Stocastich (21, 9,9)

 

Rules to enter a long trade 

1) The 100 exponential moving average is sloping up. 
2) Wait for the Schaff Trend Cycle to reach oversold territory on the chart (-10 +10).,
go long when the Schaff Trend Cycle turns back above 10, and Stocastich crosses line up.
3) Place stop 10 pips below the most recent level of support. 
4) Take profit: Close the trade if the Schaff Trend Cycle indicator goes below 90.

Rules to enter a short trade 

1) The 100 exponential moving average is sloping down. 
2 Wait for the Schaff Trend Cycle to reach overbought territory on the chart (90-110),
go short when the Schaff Trend Cycle turns back below 90, and Stocastich crosses line down.
4) Place stop 3 pips above the most recent level of resistance. 
5) Take profit: Close the trade if the Schaff Trend Cycle indicator moves down to -10 and then rises back above +10

 



 

In the pictures below Schaff Trend Cycle strategy in action.

Forex indicator
Schaff Trend Cycle.zip
Compressed Archive in ZIP Format 1.2 KB

 

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