This strategy represents another great buy on dips and sell on rallies strategy.
It’s designed to take advantage of the primary trend with the best possible low risk entries in both up and down trending markets.
Used Indicators: ADX-MA, EMA-Cross-Over_Signal, Laquerre with settings: gamma 0.66
Time frame(s): 15 Min and above
Trading sessions: All
Currency pairs: All
AUD/USD 4 Hour Chart Example
- Price must be above the ADX-MA blue line
- Green EMA cross UP arrow
- Laquerre above 0.15 from below
Place stop below the most recent support level to minimize your trading risk. Take profit at 1:2 risk-to-reward or at resistance levels (or use any other TP method).
- Price must be below the ADX-MA red line
- Red EMA cross DOWN arrow
- Laquerre below 0.75 from above
Place stop above the most recent resistance level to minimize your trading risk.
Take profit at 1:2 risk-to-reward or at support levels (or use any other TP method).