40 Forex Trading Strategies Explained in Detail

Are you curious to learn the best strategies for Forex Trading?

This article is not one of those that you scroll through once and forget forever. This is an article that you will bookmark and return to again and again. After all, this is a storehouse of invaluable knowledge for a trader. 

 

Top 40 Forex Trading Strategies in 2024

Here we will analyze in detail 40 popular Forex trading strategies that you can apply yourself.

Strategy 1: The Profitunity trading method (Trading Chaos by Bill Williams)

Indicators: Fractals; Alligator; Awesome Oscillator; Accelerator Oscillator with standard parameters.

Special conditions: the necessary signals (sequentially) are Fractals + Alligator + Accelerator Oscillator; an additional signal is Awesome Oscillator.

BUY: fractal down; a breakdown of the blue Alligator line from bottom to top; AC is in the green zone; entry after the AO histogram crosses the centerline from the bottom up.

SELL: fractal up; a breakdown of the blue Alligator line from top to bottom; AC is in the red zone; entry after the AO histogram crosses the centerline from top to bottom.

Exit or reversal: reverse breakdown of the green Alligator line and reversal of the AC and AO histograms.

 

Strategy 2: The Sidus Method

Indicators: EMA (18), EMA (28) — red channel; WMA (5), WMA (8) — blue channel.

Special conditions: the analysis timeframe is at least M30, the transaction support timeframe is at least H1.

BUY: WMA (5) and WMA (8) cross the red channel from bottom to top; a preliminary crossing of the WMA (5) and the WMA (8) lines amplifies the buy signal.

SELL: WMA (5) and WMA (8) cross the red channel from top to bottom; a similar intersection of WMA (5) and WMA (8) lines amplifies the sell signal.

Exit: after the intersection of the blue lines, or after the breakdown of the red channel in the opposite direction.

Try our new backtesting program for free — and test these strategies in real conditions:

Join FTO Beta testing to get access

 

Strategy 3: The Puria Method

Indicators: MA (85; LinearWeighted; Low) is red; MA (75; LinearWeighted; Low) is green; EMA (5; Close) is blue; MACD (15; 26; 1; Close).

Special conditions: The timeframe is M30-H1. If the price has broken through both long averages, but the fast EMA (5) — only through one, then, regardless of the MACD signal, the deal is not opened.

BUY: EMA (5) crosses MA (75) and MA (85) from the bottom up, and at least one MACD bar is closed above the zero line.

SELL: EMA (5) crosses MA (75) and MA (85) from top to bottom, and at least one MACD bar is closed below the balance line.

Exit: either at the turn of the MACD histogram or at the reverse intersection of the MA (75) and MA (85) lines by the EMA (5).

Free Backtesting Guide: Develop Moving Averages Indicator Trading Strategy

 

Strategy 4: The Kumo Breakout

Indicators: Ichimoku (8; 29; 34) — only Kumo zone (Tenkan-Sen, Kijun-Sen and Chinkou Span are disabled); Awesome Oscillator with standard parameters.

Special conditions: the timeframe for searching for an entry point is M15, for tracking a transaction — H1 and higher.

BUY: a breakdown of the upper boundary of Kumo and the reversal of the AO histogram from the bottom up.

SELL: a breakdown of the lower border of Kumo and the reversal of the AO histogram from top to bottom.

Exit: backward breakdown of the zero line by the AO histogram.

Free Backtesting Guide: Develop Ichimoku Indicator Trading Strategy

 

Strategy 5: The Momentum Elder

Indicators: EMA (19; close); Momentum (18; close; 100).

Special conditions: the timeframe is not lower than H1.

BUY: closing above EMA (19), and Momentum crosses the level of 100 from the bottom up — the entrance is at the next bar.

SELL: closing below EMA (19), and Momentum crosses the level of 100 from top to bottom.

Exit: the turn of the Momentum line or the cross of the level of 100.

 

Strategy 6: The Holy Grail

Indicators: EMA (20; close); ADX (14) with levels of 50, 30, 15.

Special conditions: the analysis and entry timeframe is at least H4, for position tracking — D1. If the ADX lines are in the zone of 15 — flat, we are not entering the market.

BUY: Up-trend by EMA; ADX rises above 30. A breakdown of EMA in the opposite direction (from top to bottom) with a rollback. The entrance is at the next bar.

SELL: bearish trend by EMA; ADX grows above 30. A breakdown of EMA from the bottom up with a rollback. The entrance is at the next bar.

Exit: the reversal of the ADX line down from the upper zone.

Free Backtesting Guide: Develop ADX Indicator Trading Strategy

 

Strategy 7: The MACD Profitunity

Indicators: MACD (34; 89; 9), Awesome Oscillator and Fractals with default parameters.

Special conditions: the timeframe is not lower than H1.

BUY: fractal down; the MACD histogram is above the signal and center lines; a reversal to the green zone is on the AO histogram.

SELL: fractal up; the MACD histogram is below the signal and center lines; a reversal to the red zone is on the AO histogram.

Exit or reversal: reverse fractal or when the reversal signal appears on the AO and MACD indicators.

Free Backtesting Guide: Develop MACD Indicator Trading Strategy

 

Strategy 8: The Outside Bar trading method

Indicators: EMA (9; close).

Special conditions: major currency pairs; the timeframe is M15; the body and shadows of the key candle do not touch the moving average line. We do not trade on the flat; a clear trend is required with an average line slope of more than 30⁰.

BUY: the key candle closes above the previous High price; the distance from the EMA line to the High price is at least 5-8 points. The entrance is at the next bar.

SELL: the key candle closes below the previous Low price; the distance from the EMA line to the Low price is at least 5-8 points. The entrance is at the next bar.

Exit: candlestick reversal pattern.

 

Strategy 9: The Stochastic + Trend trading method

Indicators: Bollinger Bands (20; 2; 0; close) or any channel indicator; Stochastic (5; 3; 3).

Special conditions: the timeframe is not lower than M30; flat periods; we do not trade before and after the news release.

BUY: the price is turning up from the lower border of the channel, the fast oscillator line crosses the slow one from the bottom up in the oversold zone. The entrance is at the next bar after the crossing of the Stochastic lines.

SELL: the price is turning down from the upper border of the channel, the fast oscillator line crosses the slow one from top to bottom in the overbought zone. The entrance is at the next bar after the crossing of the Stochastic lines.

Exit or reversal: reverse signal.

Free Backtesting Guide: Develop Stochastic Indicator Trading Strategy

 

Strategy 10: The Universal Kit

Indicators: Bollinger Bands (20; 2; 0; close); RSI (7); ADX (14) with the level of 32.

Special conditions: the timeframe is not lower than M30; the trailing is recommended. We do not trade during the periods of flat and speculation.

BUY: the price is turning up in the zone of the lower (or middle) Bollinger border; RSI is in the oversold zone, ADX is no more than 32.

SELL: the price is turning down from the upper (or middle) border; RSI is in the overbought zone, ADX is no more than 32.

Exit or reversal: reverse signal.

Free Backtesting Guide: Develop RSI Indicator Trading Strategy

 

Strategy 11: Over 80

Indicators: blue channel — EMA (20; 0; high) solid and EMA (10; 0; low) dotted lines; red — EMA (20; 0; low) solid and EMA (10; 0; high) dotted lines. RSI (10; 0; close; 55; 45) and SMA (10; 0; Previous Indicator’s Data).

Special conditions: assets with stable volatility; TF is not lower than H1; Stop Loss is dynamic along the MA line.

BUY: RSI is above 55 and its MA; the bar is closed below the blue MA. Stop Loss is 10-15 points lower than the red MA.

SELL: RSI is below 45 and its MA bar is closed above the red MA. Stop Loss is 10-15 points higher than the blue MA.

Exit: close at the end of the day with a strong return signal.

 

Strategy 12: Parabolic SAR + MACD

Indicators: Parabolic SAR (0,02; 0,2); MACD (12; 26; 9; close).

Special conditions: the currency pairs during a period of stable volatility; M30/H1/H4; the main one is MACD. The optional is PSAR; Stop Loss is 5-30 points for the min/max of the key bar.

BUY: the intersection of the line and the MACD histogram with a turn up; gap up on the PSAR line. Buy Stop is above max key bar.

SELL: the intersection of the line and the MACD histogram with a turn down; gap down on the PSAR. Sell Stop is below min key bar.

Exit: by Stop Loss or the appearance of a return signal.

Free Backtesting Guide: Develop MACD Indicator Trading Strategy

 

Strategy 13: Bollinger Bands Scalp

Indicators: Bollinger Bands (50; 0; 2; close) are yellow; BB (50; 0; 3; close) are blue; BB (50; 0; 4; close) are red; RSI (8; close); Stochastic (14; 3; 3; high/low; 20; 80).

Special conditions: TF is not lower than M30; entry on the next bar. Trailing is 10-15 points. Signals from the BB centerline — only with a large bandwidth.

BUY: the price breaks up the lower blue BB; RSI and Stochastic turn up from the oversold zone.

SELL: the price breaks down the upper blue BB; RSI and Stochastic turn down from the overbought zone.

Exit: For purchase: 1st signal is on a breakdown of the upper blue BB, 2nd — is on a breakdown of the upper yellow BB or Stop Loss. For sale: 1st signal is on a breakdown from the bottom up of the bottom blue BB, 2nd is on a breakdown of the bottom yellow BB or Stop Loss.

Free Backtesting Guide: Develop Bollinger Bands Indicator Trading Strategy

Strategy 14: Forex Smart

Indicators: Parabolic SAR (0,02; 0,2); MACD (8; 21; 1; close); LWMA (5; 0; Linear Weighted; HLC/3); LMA (36; 0; Linear Weighted; HLC/3); Stochastic (12; 12; 5; low/high; LWMA; 20, 40, 60, 80).

Special conditions: major currency pairs; TF is not lower than M30. Parabolic signal is late. Trailing Stop Loss is 10-15 points.

BUY: 1st signal is when Stochastic turns up below the level of 40; intersection of MA from the bottom up; a gap on the PSAR and a turn on the MACD up is an additional signal.

SELL: 1st is when Stochastic turns downward above the level of 60; intersection of MA from top to bottom; a gap on the PSAR and a turn on the MACD down.

Exit: by Stop Loss or reverse signal.

Free Backtesting Guide: Develop MACD Indicator Trading Strategy

 

Strategy 15: TDI System

Indicators: Heikin-Ashi; Stochastic (14; 3; 3; close; 20, 50, 80); TDI (14; 0; 34; 2; 0; 7; 0; 32, 50, 68).

Special conditions: TF is not lower than M30: European and American sessions. Stop Loss is beyond a local extreme. No Take Profit, only trailing. Stochastic is interpreted in reverse order. Position above/below yellow TDI amplifies the signal.

BUY: Stochastic is above 50 (80); the green TDI line crosses the red line from bottom to top; a position above the yellow TDI amplifies the signal.

SELL: Stochastic is below 50 (20); the green TDI line crosses from top to bottom.

Exit: Stop Loss or reverse signal.

 

Strategy 16: The Rachek’s Method

Indicators: SMA (10; 0; close); SMA (20; 0; close); ZigZag (12; 5; 3).

Special conditions: TF H4; a required condition is that the price on the rollback should break through the red MA and move to the blue.

BUY: SMA (10) crosses SMA (20) from the bottom up and both lines look up; ZigZag shows two rising minimums.

SELL: SMA (10) crosses SMA (20) from top to bottom and both lines look down; ZigZag shows two rising maximums.

Exit: Stop Loss by MM or appearing of the break point on ZigZag.

 

Strategy 17: Two Stochastics

Indicators: Stochastic (5; 3; 3; 30, 70); Stochastic (21; 9; 9; 20, 80).

Special conditions: 1st signal is on fast Stochastic; a deal opens after a similar signal appears on a slow Stochastic.

BUY: the intersection of %K and %D of fast Stochastic in the zone below 30 from the bottom up.

SELL: 1st signal is the intersection of %K and %D of fast Stochastic in the zone below 70 from top to bottom.

Exit: Stop Loss by MM or reverse signal.

Free Backtesting Guide: Develop Stochastic Indicator Trading Strategy

 

Strategy 18: CDMA

Indicators: SSMA (30; 0; close); MACD (25; 50; 9; close) with SSMA (15; 0; Previous Indicator’s Data); MACD (6; 12; 1; close).

Special conditions: TF is not lower than H1; 1st signal is on fast MACD; trailing is 10-20 points; the global trend is controlled by SSMA (30).

BUY: fast MACD is above the zero line; the slow MACD signal line crosses its balance line from bottom to top, preferably above the zero line.

SELL: fast MACD is below the zero line; the slow MACD line crosses the balance line from top to bottom, preferably in the negative zone.

Exit: Stop Loss or reverse signal.

 

Strategy 19: ZigZag + MA + ZigZag

Indicators: ZigZag (12; 5; 3); EMA (50; 0; close); ZigZag (24; 8; 5).

Special conditions: TF is not lower than H1; speculative signals are ignored; global trend is controlled by EMA (50); we do not close the deal until the slow ZigZag has formed the next extreme. Trailing is 10-20 points.

BUY: slow ZigZag forms min; fast ZigZag crosses the EMA from the bottom up; entry on the next bar.

SELL: slow ZigZag forms max; fast ZigZag crosses the EMA from top to bottom; entry on the next bar.

Exit: Stop Loss by MM or a slow ZigZag reversal.

 

Strategy 20: EMA + RVI

Indicators: EMA (18; 0; close); EMA (28; 0; close); RVI (100).

Special conditions: TF is not lower than H1; Stop Loss is put at a local extreme.

BUY: EMA (18) crossed EMA (28) from bottom to top; RVI.

SELL: EMA (18) crossed EMA (28) from top to bottom; RVI.

Exit: Stop Loss by MM or reverse signal.

 

Strategy 21: SMA Tunnel

Indicators: SMA (233, 0, high) with levels of 15, 89, 144, 233, 362 (green channel); SMA (233, 0, low) with levels of (−15), (−89), (−144), (−233), (−362) (the red one).

BUY: at a breakdown of the upper boundary of the main channel from the bottom up and closing above the level of 15.

SELL: at a breakdown of the lower boundary from top to bottom and closing below the level of (−15).

Special conditions: TF for analysis and control is not less than M30. A more reliable entry is at a breakdown of the next level. Immediately divide the position into 3-4 equal orders by setting TP consecutively at the levels of 89 (−89), 144 (−144), 233 (−233), 362 (−362). The first SL for all orders is placed at the first level on the back side of the tunnel, further – at the opening level and power levels.

Exit or reversal: is by SL/TP; the entrance on the rollback is only with a reverse breakdown of 1 to 2 levels.

 

Strategy 22: Two Groups of SMA

Indicators: “short” group — SMA with periods of 3, 5, 8, 10, 12, 15, at closing price (red); “long” group — SMA: 30, 35, 40, 45, 50, 60; close (blue).

BUY: the “slow” group goes up, and the MAs are in the following order: 30-35-40-45-50-60; the “fast” group also goes up in the strict order: 3-5-8-10-12-15; Buy Stop is put on the max signal candle.

SELL: “slow” and “fast” groups go down (MA is in the strict order); Sell Stop is put on the min signal candle.

Special conditions: TF for analysis and control of the transaction is H4 and higher. SL is on max/min of the signal candle, then trailing with a step of 30-70 points. We do not trade during flat and speculations.

Exit or reversal: is by SL/TP or at the close of the candle after crossing the MA in the “fast” group.

 

Strategy 23: HeikenAshi + TDI

Indicators: HeikenAshi_Smoothed (2; 6; 3; 2); TDI (13; 0; 34; 2; 0; 7; 0); TDI parameters can be tightened if asset volatility is above average.

BUY: at the point of the new blue HAS candle appearance, the green TDI crosses the red from the bottom up; the yellow TDI moves up; we open the purchase immediately after crossing or at the next bar.

SELL: at the point of the new red HAS candle appearance, the green TDI crosses the red from top to bottom; the yellow TDI looks down; we open the sale after crossing or at the next bar.

Special conditions: TF for entry is H1, for control, is H4. The technique is long-term, SL at the level of average daily volatility. While the green and red TDI are above/below the yellow – the deal can stay open. If the HAS has already shown more than 2 bars of the same color, the signal is skipped.

Exit or reversal: by SL/TP or in one of the following situations: the green TDI is turning (mandatory! with a breakdown of the yellow one); there is approaching of a strong key level; there is more than 10 HAS candles of one color.

 

Strategy 24: For Yen Crosses

Indicators: EMA (8; 0; close) (red); SMA (21; 0; high) (blue); SMA (21; 0; low) (blue); ADX (14) with the level of 15.

BUY: EMA (8) crosses SMA (21; high) from the bottom up, the price is closed above; ADX is above the level of 15 and moves up, (+ DI) crosses (- DI) from bottom to top. The entrance is at the opening of the next bar, SL is from 5 to 15 points below the blue line and then trailing with such step.

SELL: EMA (8) crosses SMA (21; low) from top to bottom, the price is closed below; ADX is above the level of 15 and moves up, (- DI) crosses (+ DI) from bottom to top. The entrance is at the next candle. SL is from 5 to 15 points above the blue line.

Special conditions: TF for analysis and control is not lower than H1-H4. The method is medium-term, adapted for currency pairs with JPY. When selling, it is recommended to put a bigger SL.

Exit or reversal: by SL/TP or at the reverse signal.

 

Strategy 25: Nial Fuller’s Three Oscillators

Indicators: RSI (8), RSI (14), RSI (19) with levels of 30, 50, 70; SMA (9).

BUY: the previous period is closed above SMA (9); oscillators are in the order of 19-14-8 from the bottom up (the red line is above all); the entrance is at the next bar after the intersection of the lines.

SELL: the previous period is closed below SMA (9); oscillators are in the order of 19-14-8 from top to bottom (the red line is below all); the entrance is at the next bar after intersection.

Special conditions: TF for analysis and control is at H4 − W1. Consider signals at D1 at the closing price of the day, at W1 − at the Friday’s closing price. SL is at 10 to 20 points from the SMA with trailing along the line. While the RSI link is above/below the level of 50, you should not close the deal. Do not trade during speculations and explicit flat.

Exit or reversal: by SL or at the reversal signal.

 

Strategy 26: BullDozer

Indicators: EMA (21; close); EMA (70; close); Awesome Oscillator with standard parameter settings.

BUY: the closing price is above EMA (70), EMA (21) is below EMA (70); AO histogram is green with an upward trend.

SELL: the closing price is below EMA (70), EMA (21) is above EMA (70); the AO histogram is red and declining.

Special conditions: TF for analysis and maintenance is H1. SL is from 30 to 50 points from the opening price with trailing; TP is not needed or according to MM.

Exit or reversal: by SL or when the histogram crosses the zero line; if the price goes 50 to 70 points in profit, it is recommended to close part of the volume.

 

Strategy 27: 4UJ

Indicators: SMA (48, close); Average_of_ATR (7; 30).

BUY: the price is above SMA (48); ATR crosses its MA from the bottom up; the entrance is at the next bar.

SELL: the price is below SMA (48); ATR crosses its MA from top to bottom; the entrance is at the next candle.

Special conditions: the strategy is for USD/JPY, TF for analysis and control is H4. It is supposed to trade on stable volatility; do not trade during flat and speculations. The minimum SL is 25 points, at a profit of 25 to 30 points shift to the breakeven. TP is 100 to 120 points.

Exit or reversal: by SL/TP or at the reverse signal. Transactions can be held until the reverse breakdown of SMA (48), but the oscillator can give early “false” signals, so act strictly according to the system.

 

Strategy 28: CSBB

Indicators: CCI (120); Stochastic (10; 3; 6); Bears (13); Bulls (13).

BUY: CCI is above the level of (+100), Stochastic is directed upwards, but still below its level of 80; Bulls above zero shows a strong signal. If Stochastic is already at the level of 80 or higher, wait for a decrease and a new intersection of lines (the main one is above the signal line).

SELL: CCI is below the level of (+100), Stochastic goes down, but still above its level of 20; Bears below the zero line shows a strong signal. If Stochastic is already at the level of 20 or lower, wait for growth above the level and intersection of lines (the main one is below the signal line).

Special conditions: TF for entry and control of the transaction is not lower than H1. In the CCI range of [0; +100; 0] trade only for the purchase, in the range of [0; −100; 0] only sell. SL is 20 pips + spread; after 30 points of profit, the transaction should be shifted to breakeven.

Exit or reversal: at the reverse signal or by SL/TP.

 

Strategy 29: Murray + Trend

Indicators: Murrey_Levels_System (64; 0); SMA (50; close).

BUY: the price is above the SMA and in the purchase area according to the Murray method.

SELL: the price is below the SMA and in Murray sales area.

Special conditions: TF is not lower than H1. SL is at the previous Murray level. As the force levels are being approached, it is recommended to tighten SL and increase the position volume while maintaining the general trend.

Exit or reversal: by SL, MM or at the reverse.

 

Strategy 30: CAW

Indicators: SSMA (90; close); CCI (12; Typical); ATR (14) with a level of 0.002; WPRange (11) with the levels of (−15), (- 40), (−60), (- 85).

BUY: the price is above the SSMA; WPR is below the level of (−85); ATR is above 0.002; CCI goes up after a reversal in the oversold zone (below −100).

SELL: the price is below the SSMA; WPR is above the level of (−85); ATR is above 0.002; CCI turned down from the overbought zone (above +100).

Special conditions: TF is from M5 to H1. The entrance is only after the signal bar closing. SL is from 10 to 15 points from the opening price; TP is at least 50 points. Do not trade during speculations and explicit flat, even if the indicators show a “signal”.

Exit or reversal: at the reverse signal or by SL/TP.

 

Strategy 31: 3 EMA + Stochastic

Indicators: EMA (4) (dark-blue), EMA (13) yellow, EMA (50) (blue), without offsets, at close prices; Stochastic (12; 9; 5; close/close) with the levels of 20, 40, 60, 80.

BUY: ЕМА (4) crosses ЕМА (50) from bottom to top (1st signal); then EMA (13) breaks through EMA (50) from the bottom up (2nd signal); Stochastic goes up from the oversold zone, the red line is above the dark-blue.

SELL: from top to bottom: first EMA (4) – EMA (50) (1st); then EMA (13) – EMA (50) (2nd); Stochastic goes down from the overbought zone, the red line is below the dark-blue.

Special conditions: TF is not lower than H1; Stop Loss is not less than 30 to 50 points or higher/lower than EMA (50). After 50 points of profit, move Stop Loss to breakeven and start trailing along with the EMA (50). The entrance is at the next bar after all conditions are met.

Exit or reversal: by a reverse Stochastic: for a purchase – above the level of 60 (80), for a sale – below the level of 40 (20).

 

Strategy 32: Sten

Indicators: SMA (78; 0; close); SMA (36; 0; close); Stochastic (8; 3; 3); Envelopes (32; 42) on Stochastic data.

BUY: the price is above SMA (78); SMA (36) is above SMA (78); Stochastic goes up from the area below 20 and crosses the bottom line of Envelopes from bottom to top.

SELL: the market is below SMA (78); SMA (36) is below SMA (78); Stochastic turns down from the zone above 80 and crosses the top Envelopes from top to bottom.

Special conditions: TF is not lower than H1 in a normal market. The entrance is at the next bar after the key one. Stop Loss is at least 30 points; Take Profit is 60-70 points. Stop Loss is transferred to breakeven at 30 points of profit.

Exit or reversal: by Stop Loss / Take Profit or by canceling the signal of all system indicators. While there is a strong trend, the signals of movements are a priority.

 

Strategy 33: Double MACD

Indicators: MACD (30; 60; 30; close) (senior); MACD (6; 12; 5; close) (junior); SMA (60; 0; close).

BUY: the price is above SMA; senior MACD is above the zero line; junior MACD is above zero or moves from bottom to top near the balance line.

SELL: the market is below SMA; senior MACD is below zero; junior MACD is below zero or moves upwards in the area of ​​the balance line.

Special conditions: TF is D1; EUR/USD, GBP/USD, USD/JPY are traded. The entrance is at the next bar after all conditions are met. Stop Loss is at least 50 to 70 points.

Exit or reversal: close after the reversal of the senior MACD and confirmation on the histogram of the junior one. If the next candle closes above/below the SMA (60) against an open order, then the deal should be closed immediately.

Free Backtesting Guide: Develop MACD Indicator Trading Strategy

 

Strategy 34: 2×2

Indicators: SSMA (150; 0; close); Heikin Ashi; RSI (3; close) with the levels of 80, 50, 20 is the 1st signal; Stochastic (6; 3; 3) and the levels of 70, 30 is the 2nd signal.

BUY: the price is above SSMA; Heikin Ashi bar is white (or green); RSI breaks the level of 20 from the bottom up; Stochastic (6, 3, 3) intersects in the zone below 30 and turns up.

SELL: the price is below SSMA (150); Heikin Ashi Bar is red; RSI (3) breaks through the level of 80 from top to bottom; Stochastic intersects in the area above 70 and turns down.

Special conditions: TF is H4-D1. Stop Loss is above/below the last local extremum; Take Profit is 2 to 3 Stop Loss or trailing with a step from 30 to 50 points.

Exit or reversal: by Stop Loss / Take Profit or a complete signal cancellation. Follow the general trend and do not rush to close the deal with unclear signals of the oscillators.

 

Strategy 35: Sardar

Indicators: RVI (10); RSI (14) levels of 30, 70; StandardDeviation (20).

BUY: RVI crosses the balance line from the bottom up; on this bar, RSI and StdDev should be higher than previous values.

SELL: RVI crosses the zero line from top to bottom; RSI and StdDev should decline on the same candle.

Special conditions: TF is not lower than H1; the main currency pairs are traded in the normal market. The entrance is at the opening of the next bar after the key one. Stop Loss is not less than 35 points, after 30 points — transfer to breakeven, Take Profit is at 100 points.

Exit or reversal: by Stop Loss / Take Profit or at the reverse signal.

 

Strategy 36: Ranger

Indicators: ParabolicSAR (0.04; 0.1); Stochastic (5; 5; 5) levels 75 and 25.

BUY: Stochastic lines intersect in the area below 25 and turn up, provided that Parabolic moves below the price.

SELL: Stochastic lines are turning down from the overbought zone (above 75), and Parabolic is moving above the price.

Special conditions: TF is from M15 and above. Parabolic breaks on gaps or speculations are not considered a signal. Stop Loss is at the level of the last local max/min, but not more than 20 points. Take Profit is 2 to 3 Stop Loss + trailing with a step of 20 points. The entrance is at the next candle after the signal one.

Exit or reversal: by Stop Loss / Take Profit; if Stochastic reaches the opposite value or a gap on Parabolic appears, the deal should be closed at the current price.

 

Strategy 37: UMI

Indicators: Ichimoku (9; 26; 52) — only the Kumo cloud; Alligator (13; 8; 5); Alligator (39; 24; 15); Stochastic (14; 3; 3), the level of 50; CCI (50), the levels of 50/(- 50).

BUY: the candle is closed above the Cloud and above the Alligator indicators; CCI is above the level of 50; Stochastic is above the level of 50.

SELL: the bar is closed below the Cloud and below the Alligator lines; CCI is below its level (-50); Stochastic is below the level of 50.

Special conditions: TF is not lower than H1; USD/JPY and yen crosses of the main currencies are traded. The signals appear sequentially, but at the time of entry, all conditions must be met. The entrance is at the next candle after the signal one. Stop Loss is 35 to 50 points; after 30 points of profit the transaction is shifted to breakeven; primary Take Profit is 100 to 150 points + trailing with a step from 20 to 30 points.

Exit or reversal: by Stop Loss / Take Profit or at a complex reverse signal. If the next candle closes above/below any of the Alligator lines against an open order, then the deal is closed at the current price.

 

Strategy 38: Ozy

Indicators: SMA (48; 0; close); Ozymandias (3).

BUY: the price is above the SMA, correction is going down, at least to the bottom line of Ozymandias, but the candle’s body does not cross the moving line. The entrance is when the next closed bar will be higher than the upper Ozymandias by no more than 10 points.

SELL: the price is below the SMA, upward correction begins, at least to the upper Ozymandias line, but the moving line does not intersect. The entrance is when the next closed candle will be lower than the lower Ozymandias by no more than 10 points.

Special conditions: TF is M15 and higher; USD/CAD is traded; Stop Loss is 15 points, after 15 points of profit shift to breakeven; Take Profit is 90 to 100 points. Repeated signals are taken to work only if the open transaction is already at breakeven.

Exit or reversal: by Stop Loss / Take Profit or at the reverse signal.

 

Strategy 39: Envelopes + MACD

Indicators: Envelopes (21; 0.07); MACD (12; 26; 9).

BUY: the price breaks the top line of the Envelopes from the bottom up; a candle is formed, the body of which is completely above this level; MACD histogram is above the zero line.

SELL: the price breaks the bottom line of Envelopes from top to bottom; a candle is formed, the body of which is completely below this level; the MACD histogram is below the zero line.

Special conditions: TF is M5 and higher. If the signal candle formed in the middle of the MACD histogram, the signal is skipped. A pending order is placed: for a purchase – 3 to 5 points below the min, for a sale – 3 to 5 points above the max of the signal candle. Stop Loss is 4 to 5 points above/below the nearest local extremum. Take Profit is 50 to 100 points, trailing with a step of 20 points.

Exit or reversal: by Stop Loss / Take Profit or at the reverse signal.

Free Backtesting Guide: Develop MACD Indicator Trading Strategy

 

Strategy 40: Fractals + OsMA

Indicators: Fractals; SMA (5; 0; close); SMA (22; 0; close); OsMA (12; 26; 9).

BUY: if on D1 SMA (5) is higher than SMA (22), then wait for the corresponding fractal; go to H4 and open a purchase on the next bar after the appearance of the fractal.

SELL: if on D1 SMA (5) is lower than SMA (22), then wait for the corresponding fractal; go to H4 and open a sale on the next candle after the fractal.

Special conditions: TF is H4-D1. Stop Loss is placed after the nearest local extremum; Take Profit is 2 to 3 Stop Loss.

Exit or reversal: by Stop Loss / Take Profit or at the reverse signal. Trailing with a step of at least 15-20 points is allowed.

Also read: Top 20 Forex Indicators That Every Trader Should Know

 

Conclusion

There was a wealth of information here. It is unlikely that you will be able to master all the strategies at once. Bookmark this page so you can come back and learn new strategies over time.

And don’t forget that theory is nothing without practice. Use Forex Tester or Forex Tester Online (FTO) to put these strategies to the test and find the ones that work best for you.