System for Forex trading “Black Diamond”
This effective strategy is designed for a 30 minute timeframe. However, this method can be used at any time period. The system is suitable for any currency pair in the Forex market. One should also take seriously the question of how to choose a forex broker. When working on the M30 timeframe, the trend should be identified on the hourly and four-hour charts. Trend coincidence on all timeframes minimizes false signals. The trend direction is determined by several indicators. On the main chart, the “FXSniper LSMA” indicator is displayed as a line that shows the trend of changing the color from green to red. The “MPi-HB” indicator turns the bars red and green when the trend changes. The “PriceChannelStop” indicator is displayed as a blue or purple line above or below the chart bars. It shows the direction of travel and the potential level of stop loss. It is recommended to use the levels of the “Pivot Points” indicator, also set on the main chart, to specify the inputs and targets. In the upper right corner of the terminal there is an information indicator “SignalBars_v6”, which displays indicator readings on different timeframes, current price, spread and price movements in points. The information indicator “Clock_v1.2” shows the time of the broker and the main world exchanges. In the lower window of the terminal there is an indicator “MadroGoldenFilter”, which serves as a filter for the main signals. This tool combines the readings of seven indicators and oscillators.
A square with a cross (bottom) – the moment, a square above it – Demarker and Force Index, a cross above them – MACD, RSI and ADH, the arrow – the intersection of EMA 5 and 15. Below is the information indicator line “Status Monitor V1.2”.
This screenshot shows an example of a purchase. The first condition is the blue arrow of the “MadroGoldenFilter” indicator (it appears after closing the candlestick). Then, at least three indicators of this indicator should become blue. “FXSniper LSMA should be green, the current candle should be green, PriceChannelStop should be blue and below the price. For greater accuracy, pay attention to the “Pivot Points” indicator. It’s better if the price is higher than the beer.
Here is an example of a sale. The first condition is the red arrow of the “MadroGoldenFilter” indicator (it appears after closing the candlestick). Then, at least three indicators of this indicator should become red. The “FXSniper LSMA” must be red, the current candle must be red, and the “PriceChannelStop” must be purple and above bars. It is desirable that the price be below the beer line.
There are no fixed rules for setting stops and profit taking in this system. The stoploss can be installed below the third candle or at the PriceChannelStop level. Profit can be locked when part or all of the indicators change to the opposite.
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