ACD PV Forex Trading Strategy

The ACD PV forex trading strategy uses a combination of support/resistance levels and a price oscillator to generate accurate trading signals for currency traders. The strategy can be used on all pairs and for all timeframe’s.

Chart Setup

MetaTrader4 Indicators: Waddah_Attar_Def_RSI.ex4 (default setting), ACD_PV.ex4 (default setting)

Preferred Time Frame(s): 1-Minute, 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hour, Day, Week

Recommended Trading Sessions: Any

Currency Pairs: Any pair

Download

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Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy position if the following conditions hold true:

  1. If the ACD_PV custom indicator forms support levels below price i.e. price is trading above the red support lines of the ACD_PV indicator, it is a sign that price is experiencing some push higher and a buy signal is appropriate.
  2. If the green line of the Waddah_Attar_Def_RSI.ex4 custom indicator breaks above the 0.00 alert level, it is a trigger to go long on assets of interest.

Stop Loss for Buy Entry: Place stop loss below immediate support or below the rising support red lines.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit on position(s) if the following rules or conditions take precedence:

  1. If price breaks below the red support lines of ACD_PV custom indicator, it is a signal that price is beginning to press lower, thus a trigger to exit or take profit accordingly.
  2. If the green line of the Waddah_Attar_Def_RSI.ex4 custom indicator falls below the 0.00 alert level, it is a trigger to go exit or take profit forthwith.

Sell Entry Rules

Initiate a sell in the market if the following chart patterns are on display:

  1. If the ACD_PV custom indicator forms resistance levels above price i.e. price is trading below the red resistance lines of the ACD_PV indicator, it is a sign that price is subjected to some downward push, thus giving way to a sell signal.
  2. If the green line of the Waddah_Attar_Def_RSI.ex4 custom indicator breaks below the 0.00 alert level as seen on Fig. 1.1, it is a trigger to go short on the preferred instrument.

Stop Loss for Sell Entry: Place stop loss above immediate resistance or above the declining red resistance lines.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit on open position(s) if the following gets spotted on the chart:

  1. If price breaks above the red resistance lines of ACD_PV custom indicator, it is a signal that price is beginning to drive higher, thus a trigger to exit or take profit accordingly.
  2. If the green line of the Waddah_Attar_Def_RSI.ex4 custom indicator rises above the 0.00 alert level, it is a trigger to go exit or take profit without delay.

Sell Trade Example

Fig. 1.1

Free Download

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About The Trading Indicators

The Waddah_Attar_Def_RSI.ex4 is an oscillator type indicator that defines trend using its green line i.e. when green line is above zero level, the trend is up and the trend is down when the green line is below zero level.

The ACD_PV custom indicator is displayed as set of parallel lines that align themselves above (resistance levels) or below price (support levels) to denote bearish or bullish trend respectively.

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