Moving Average with Fractal Forex Trend Following Indicator

August 19, 2016

470

Moving Average with Fractal Forex Trend Following Indicator

This trend following system uses basic indicators and requires a break of fractal to determine a trend. This can be use in a 5 minute timeframe and above and applicable in any currency pairs.

For intraday trading: Start Trading 9:00 GMT Stop Trading 22:00 GMT

Forex Indicators:

SMA 3 High (simple moving average);
SMA3 Low simple moving average);
JMA Starlight 100 or (100EMA);
MACD with EMA (10,20,1,7)

For Long Entry:

Up Fractal taken out (Broken)
Buy when Price touches 3 SMA Low
Exit when price touches 3 SMA High

For Short Entry:

Down Fractal Taken out (Broken)
Sell when Price touches 3 SMA High (Sell Limit at 3 SMA High)
Exit When Price Touches 3 SMA Low (Buy Limit at 3 SMA Low)

Filter

100 JMA and MACD with EMA.

Make sure to go long only when prices are above 100 JMA Starlight land MACD is greater than EMA.
Make sure to go short when prices are below 100 JMA starlight and MACD is less than EMA.

Take note of the stop losses:

TF 5 min:5 pips above or below SMA;
TF 15 min: 10 pips above or below SMA;
TF 30 min: 12 pips above or below SMA;
TF 60 min: 15 pips above or below SMA;
TF 240 min 20-25 pips above or below SMA;
TF 1440 min 30-40 pips above or below SMA.

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