Octopus Forex Swing Trading Strategy

This swing trading strategy provides signals based on a combination of 2 trend filters and 2 trend following indicators.

The system can be used on any currency pair and is effective on the higher time frame’s, starting from the hourly charts and up.

For beginners, I highly recommend starting with a few currency pairs and demo trade first.

Chart Setup

Indicators: 13 EMA, 55 EMA, octopus_1.ex4, octopus_2.ex4
Preferred time frame(s): 1 hour, 4 hour, day
Trading sessions: 24/7
Best currency pairs: any

Download

Download The Octopus Forex Swing Trading Strategy.

Example: AUD/USD H1 Chart

swing-forex-strategy

Trading Rules

Buy:

  • Both Octopus indicators are in the green zone (bullish market)
  • Green 13 EMA crosses the red 55 EMA from the bottom upwards

==> Open buy order when all trading conditions mentioned above are true.

It’s recommended to place a stop-loss a few pips below the most recent support level.

Price Objective: Exit the buy trade at risk-to-reward 1:2 (i.e. risking 100 pips to make 200). Alternatively, ride the uptrend until the octopus 2 indicator changes its color from green to red.

Sell:

  • Both Octopus indicators are in the red zone (bearish market)
  • Green 13 EMA crosses the red 55 EMA from the top downwards

==> Open sell order when all trading conditions mentioned above are true.

It’s recommended to place a stop-loss a few pips above the most recent resistance point.

Free Download

Download The Octopus Forex Swing Trading Strategy.

Price Objective: Exit the short trade at risk-to-reward 1:2 (i.e. risking 120 pips to make 240). Alternatively, ride the downtrend until the octopus 2 indicator changes its color from red to green.

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