4UJ
Last updated
Last updated
Indicators:
(48, close)
(7, 30)
Key conditions:
This strategy is designed for USD/JPY, with the H4 timeframe used for analysis and trade management. It is intended for trading during periods of stable volatility and should not be used in flat or speculative markets. The Stop Loss is set at a minimum of 25 points, and once the trade reaches a profit of 25 to 30 points, the position should be shifted to breakeven. Take Profit is set at 100 to 120 points.
BUY conditions (all conditions must be met):
The price is trading above the SMA (48).
The ATR crosses its moving average from below to above.
Enter the BUY trade on the next candle.
SELL conditions (all conditions must be met):
The price is trading below the SMA (48).
The ATR crosses its moving average from above to below.
Enter the SELL trade on the next candle.
Exit criteria: Exit the trade when the Stop Loss or Take Profit is hit, or when a reverse signal occurs. Trades can remain open until the price reverses and breaks through the SMA (48). However, as the oscillator may provide false early signals, adhere strictly to the system rules.
Open a chart with the USD/JPY currency pair and set the timeframe to H4. Apply the SMA indicator with a period of 48 (close). Add the ATR indicator and set its parameters to (7, 30) to calculate its moving average.
For a BUY trade, ensure the price is above the SMA (48) and the ATR crosses its moving average from below to above. Enter the trade on the next candle, setting a Stop Loss of at least 25 points and shifting it to breakeven after gaining 25 to 30 points. Set a Take Profit of 100 to 120 points.
For a SELL trade, ensure the price is below the SMA (48) and the ATR crosses its moving average from above to below. Enter the trade on the next candle and manage the Stop Loss, breakeven adjustment, and Take Profit similarly. Monitor the trade and exit based on the specified criteria.
