Direction Movement Index with MA Trading System
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Time frame 15 min
Currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/CHF.
Forex Indicators:
Directional Movement Index (D+ D-, 14 periods),
5 Weight moving Average (close),
11 Simple moving Average (close),
Parabolic Sar (0.1 0.01)
Rules for Direction Movement Index with MA Trading System
Long Entry
5 WMA> 11 MA,
Sar below the candles,
ADX DI+ positive > (greater than) DI- negative (Yellow above RED).
Short Entry
5 WMA< 11 MA,
Sar above the candles,
ADX DI- negative > (greater than) DI+ positive (Red above Yellow).
Re enter if SAR signalled again in the older direction of the trend.
The crossover of the moving average determines the trend.
Exits and Stop
Parabolic SAR signal in opposite direction,
Profits are discretion for you (examples for profit: Pivot points levels, or predetermined profit target).
Initial stop loss at the previous swing