Ride the trend with the DeMarker forex strategy with multi trend signal confirmation (ADX, RSI, MOM, CCI, OsMa, MACD, SAR, WPR, MA).
Chart Setup
Indicators: Multi Trend Signal, DeMarker (default settings)
Preferred time frame(s): 1 min up to 1 week
Trading sessions: Any
Preferred Currency pairs: Any
Download
Download the DeMarker forex strategy with multi trend signal confirmation for Metatrader 4.
GBP/USD 5 Min Chart
As shown in the GBP/USD chart above, multi trend signal indicator draws all blue arrows for the 5 min chart (bullish) + deMarker back above 0.3 from below suggests buy signal (oversold). Bullish + oversold = Buy signal. Bearish + overbought = Sell signal. It’s plain and simple.
Trading Rules
Buy Rules:
- Criteria #1: Select your time frame, for example 5 min.
- Criteria #2: All multi trend signal indicators must be blue colored for this particular time frame (5 min bullish trend)
- Criteria #3: DeMarker indicator must cross up 0.3 from below (oversold)
Go long. Place your stop loss 2 pips below the most recent swing low price.
Price Objective: Close first half of your position at 1:2 risk-to-reward ratio. Close second half at 1:3 or better. Use a trailing stop.
Sell Rules:
- Criteria #1: Select your favorite time frame, for example 15 min.
- Criteria #2: All multi trend signal indicators must be red colored for this particular time frame (15 min bearish trend)
- Criteria #3: DeMarker indicator must cross down 0.7 from above (overbought)
Go short now. Place your stop loss 2 pips above the most recent swing high price.
Price Objective: Close first half of your position at 1:2 risk-to-reward ratio. Close second half at 1:3 or better. Use a trailing stop.