Gold Vein Forex System is a strategy forex following trend. One common Forex strategy utilized is a trend following strategy.
There are 3 ways to identify trading opportunities into the direction of a strong trend. A common Forex strategy is to buy low and sell high. This type of strategy is generally sought out by many newer traders.
Time Frame : 15M or higher
Pairs : All pairs
Metatrader Indicators :
easy-forex-system alias carmen eyes indicator (expand rate: 35, 50, 65, trend indicator)
Fischer Joker (21 period)
Fishrer joker (13 period)
Smfischer Transform (8 period)
Gold Vein ( trend period 50 this indicator is similar at the trend CCI, trend following indicator)
Pivot Point indicator
Rule for entry :
Trade only in the dirrection of the trend if the price is above carmen eyes only buy, if the price is below yhe carmen eyes only sell.
Entry Buy :
Price above carmen eyes (blue line)
Fisher joker (21 period) green bar
Fisher joker (13 period) green bar
SM Fisher Transform (8 period) green bar
Gold Vein indicator (50 period ) green bar
If these conditions are agree buy at opening of the next bar
(see on picture above)
Entry Sell :
Price belo carmen eyes (yellow line)
Fisher joker (21 period) red bar
Fisher joker (13 period) red bar
SM Fisher Transform (8 period) red bar
Gold Vein indicator (50 period ) red bar
If these conditions are agree sell at opening of the next bar
Rule for exit position :
Exit position when joker repaint indicator (21 period change direction) or at the levels of the pivot point or with ratio 1.2: stop loss.
Place intial stop loss for buy 5 pips below yellow line, for sell 5 pips above blue line.