Munyuk Forex Trading Strategy

The Munyuk forex trading strategy is a simple forex strategy that can be deployed to generate consistent profits within market trading hours.

This is an intraday trading system that seeks to make profits within the daily trading cycle.

This system deploys signals from all three indicators for buy and sell entries.

Chart Setup

MetaTrader 4 Indicators: !De_Munyuk.ex4 “Munyuk indicator” (default setting), Parabolic SAR (0.02, 0.20), 100pips Momentum.ex4 “ Oracle move” (default setting).
Preferred Time Frame(s): 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month
Recommended Trading Sessions: Any
Currency Pairs: Majors (EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, NZD/USD)

Download

Download The Munyuk Forex Trading Strategy.

Buy Example (click the image for full size):

Munyuk-forex-strategy

Fig 1.0

Strategy

Long Entry Rules:

Enter a long position when all three conditions are met as shown below:

1. The colors of the Munyuk indicator changes to lime colored doted bars on the indicator window (signaling a buy signal).
2. The Parabolic SAR dots are placed below price on the activity chart (signaling a long entry).
3. Lastly the Oracle Move indicator triggers a buy alert when its blue line crossing the red line bottom up.

Stop Loss For Long Entry: Place stop loss 30 pips below entry price

Exit Strategy/Take Profit For Long Entry:

Exit your position when the following conditions are observed:

1. The Munyuk indicator’s dotted bars changes its lime color to orange red.
2. The Parabolic SAR dot appear above price on the chart.
3. The Oracle Move indicator blue line crosses the red line top down.

Usually, these three conditions do not trigger on our chart simultaneously, if you notice any one of them when riding the bullish signal, then you should get ready to quit your open position.

Take profit should be set at 50 pips with a trailing stop in place as well.

Sell Entry Rules:

Place a short order when the following criteria are met:

1. The colors of the Munyuk indicator changes to orange red dotted bars on the indicator window (a short signal).
2. The Parabolic SAR dots are placed above price on the activity chart (signaling a short entry).
3. Lastly the Oracle Move indicator triggers a sell alert when its blue line crossing the red line top down.

Stop Loss For Short Entry: Place stop loss 30 pips above entry price

Exit Strategy/Take Profit For Short Entry:

Exit your position when the following conditions are observed:

1. The Munyuk’s indicator dotted bars changes its orange red color to lime.
2. The Parabolic SAR dot appear below price on the chart.
3. The Oracle Move indicator blue line crosses the red line bottom up.

Munyuk-forex-strategy1

Fig. 1.1

Free Download

Download The Munyuk Forex Trading Strategy.

About The Trading Indicators

The core indicator (De Munyuk) for this strategy is a lagging indicator that signals an entry after a trend has begun.

Hence we’ll be deploying longer timeframe’s in generating the signals, since longer timeframe’s will mean greater amount of periods, thereby increasing the reliability of the signal.

Deploying De Munyuk custom indicator on shorter time frames will generate false entry due to fewer amount of data.

Next on our chart is the Parabolic SAR that is used by a large number of traders to define the course of asset’s moment, plus the ability to determine when price has the highest odd of switching directions.

Our third indicator is the Oracle Move, which is a custom indicator that is used in determining trend via the interaction of its red and blue lines. 

The Munyuk forex strategy is an easy to use system that is based on the Parabolic SAR, Oracle Move and of course De Munyuk technical indicators.

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