Forex trading system “Ma candles channel”
This trading system works on the principle of price following. Used for medium-term trade. Minimum time frame is 30 minutes. The best results are obtained on the currency pairs EUR/USD, GBP/USD, AUD/USD, USD/CHF, GBP/JPY, EUR/JPY. The system is based on the “Ma Candle channel price action” indicator. This indicator displays candlesticks in green, yellow and red. Besides, the system uses 233 simple moving average with +100 and -100 lines. Filters are 56 simple moving average and stochastic histogram with parameters 14,3,3
The signal to buy is the appearance of a green candle. This candle must be above 56 moving averages and above 233. Besides, the stochastic histogram should be green. If the candles are yellow, you should refrain from shopping. The stoploss is set 20 points below the 56-middle line. Take Profit is set at 1.5 times the size of the foot
If a red candlestick appears below the 233 moving average and below the 56 average, it is a sell signal. The stochastic histogram should be red. The stoploss is placed 20 points above the white line of 56 moving averages. The ratio of teikprofit to stop loss is 1.5.