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767# Magic FX Trading

Trend filter Color Stochastic

Magic fx with Color Stochastic

Submit by Timmy

 

Magic FX Trading is a trading system trend- momentum based on the color Stocastic indicator. I shows two simple template (aggressive and conservative). The template conservative is based on Stochastic color and trend filter. The template aggressive is formed by Stochastic color and Maagic Fx. The purpose of these trading strategies is find the best conditions for trading.

Time Frame 30 min or higher.

 

Currency pairs: majors, minors and indices.

Metarader 4 Indicators setting

Trend filter 89, 9.

Stochastic color 14, 3,3, 2.

Magic Fx (defaut setting).

 

Trading rules

First template conservative

Buy

Buy arrow of Color Stocastic oscillator filtered by green line of trend filter.

 

Sell

Sell arrow of Color Stocastic oscillator filtered by red line of trend filter.

 

Second template aggressive

Buy

Buy arrow of Color Stocastic filtered by blue line of Magic Fx indicator.

 

Sell

Sell arrow of Color Stocastic filtered by red line of Magic Fx indicator.

 

Exit position at the opposite arrow or with predetemined fast profit target with ratio 0.8-1.0 stop loss.

Initial stop loss 10-40 pips below the entry bar depends by time frame and pairs.

 

I'm sure this is a great trading idea that I'm sharing and I'm sure it will drive you to be a winner.

In the pictures Magic FX Trading in action.

Magic FX Trading
Magic FX Trading
Magic FX Trading
Magic FX Trading
Magic FX Trading
Magic FX Trading

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

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Magic FX Trading
Magic FX Trading
Magic FX Trading.rar
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