813# Forex King Strategy
Ichimoku, Gann HiLo GG CCI RSI
Trend Momentum Strategy
Submit by Dimitri
Forex Kink Strategy is a trend momentum strategy based on one arrow fitered by indicators of trends and momentum.
Suitable currency pairs:
Any, but preferably majors - EUR / USD, GBP / USD, USD / JPY, USD / CAD, AUD / USD and other pairs with the American dollar.
Suitable time frames:
M15, M30, H1, H4 (we do not recommend trading on the M5 or M1 timeframe due to a lot of false signals!).
Metatrader 4 indicators:
Ichimoku (7, 42,52) as main filter,
Gann hilo Histo periods 25,
Better volume 1.5 with alerts
GG RSI CCI (8, 14, 20).
Attention! Orders must be opened on the next candle after fixing
signal (the coincidence of all conditions described below), because some indicators
can be redrawn on the current candle.
Trading rules Forex King Strategy
Candle with Signal arrow above the line of Ichimoku.
Gann hilo Blue Bar.
GG RSI CCI green bar (optional)
Candle with Signal arrow below the line of Ichimoku.
Gann hilo red bar.
GG RSI CCI redbar (optional)
Take Profit and Stop Loss
• When an opposite signal from the lower indicators appears(GannHiLo-Histo and GG-RSI-CCI1).
• Trend reversal on higher timeframes.
It is advisable to use stop loss and take profit (at the next levelsminimum / maximum) or trailing stop (optimally 15 points).When testing the EUR / USD strategy on M30, take profit 300 was used points and stop loss 50 points.
In the pictures Forex King strategy in action.
https://t.me/freeforexresources TELEGRAM CHANNEL
Share your opinion.