****** Trading logic .Where and how strategy trade ******
Here three Indicator Combined For Accuracy trading signal ,
Buying side Logic
First Money Flow Index (MFI) measure Buying/selling Pressure ,
Second If RSI(Period 8) Show , 1M candle is low also SMI(Period 8)
Show , 1M candle is low that will be Buy position.
Selling side Logic
First Money Flow Index (MFI) measure Buying/selling Pressure ,
Second If RSI(Period 8) Show , 1M candle is High also SMI(Period 8)
Show , 1M candle is High that will be sell position.
****** Description of trading pattern *******
I am used 1M short term pattern for identify market trend for
trigger Buy or sell.
Here 1M Time Frame identify trend low or trend higher price with in
selected period.
*******description of strategy indicator ******
Money Flow Index (MFI), measure buying and selling pressure,If MFI
Touch 80 and 20 than it will open Sell or Buy position.
I used Relative Strength Index (RSI) For Find more Better positive
possibility ,if RSI Go 70 or 30 than it will open sell or buy
position.
Stochastic Momentum Index (SMI) Is another high accuracy Trading
indicator ,if SMI go +40 or -40 it will open Buy or sell position
***** Explanation of chosen setting ,Time Frame ,Currency pair
,SL,TP other *****
I choose 1 Minute time Frame ,currency pair EURUSD which is the most
popular Forex currency pair.
Strategy Take profit chosen only 4 Pips Because I used 1 minute chart
pattern ,so here more better result possible and STOP Lose Chosen
252
PIPS for positive trading result with volume 5.25M, and slippage 5
pips.