Forex strategies revealed | FSR Forum

Submitted by Christian

Hi to all traders!
This is the BEST site for all beginners like me! Thanks all for sharing your strategies!
Maybe this strategy is already here, 'but I think I did not see it yet.
Pair : ANY
Timeframe : DAILY ONLY!
Indicators : Bill Williams Accelelator oscilator , Stohastic 5,3,3
Rules : When AO is green and >0 and stohastic is >0 you go long, and if AO is red and <0 and stoch is also <0 you go short.
I use this strategy for a while and have some good results, but I think that would be better that also you monitor stohatic overbought/oversold levels (stohastic cross). But I did not find any take profit and stop loss settings for these strategie, but I suppose that you will stay in long position till AO turns red and <0 and also stoch <0 or near 0. Then you close your buy position and open sell position and let it run until again they cross both 0 level. You can also monitor candles if you have time during the day and get out from position when daily candle starts to show shadow. I don't have time to monitor candles during the day, I just monitor 10 minutes for when new candle is creating. I'm in a GMT+1 time zone which means 12:55 PM till 01:15 AM.

Thank you Christian,

I guess you meant Stoch > or < 50, not zero.

There is another idea to try:

While AO is green, try to buy after the bearish (red) candle: wait till it emerges and closes and then place a buy order above its high.
If the order doesn't get triggered, instead you have another bearish candle, you move your Buy order lower - to the new candles' high.

Same when AO is red: you look for a green bullish candle to appear, when it closes, you place a Sell order below its low.

Regards,
Edward