Forex
Octpus is a pure trend following system based on two moving averages
and two trend indicator mt4 customized.
Exit
position
Time
Frame H1.
Currency
pairs: majpor and minor.
Plataform:
Metatrader 4.
Metatrader
indicators:
Exponential
moving average 3 period, close yellow color.
Exponential
moving average 13 period, close lime color.
Exponential
moving average 55 period, close red color.
Octopus
1.
Octopus
2.
Trading
Rules Octopus System
Short
Entry
When
both octopus_1 and octopus_2 indicators are in the red zone and green
EMA crosses red EMA from the top downwards, open Sell order.
Orders
should be opened only when all these 3 conditions mentioned above are true
(both indicators and EMA crossing).
Long
Entry
When
both octopus_1 and octopus_2 indicators are in the green zone and
green EMA crosses yellow EMA from the bottom upwards, open Buy
order.
Orders
should be opened only when all these 3 conditions mentioned above are true
(both indicators and EMA crossing).
Long
Entry
When
both octopus_1 and octopus_2 indicators are in the green zone and
green EMA crosses yellow EMA from the bottom upwards, open Buy
order.
Orders
should be opened only when all these 3 conditions mentioned above are true
(both indicators and EMA crossing).
When
octopus_2 indicator changes its color to the opposite you need to
close the order.
Close
Sell order if octopus_2 indicatorturns into green from red.
Close
Buy order if octopus_2 indicator turns into red from green.
If
you are a safe and conservative trading follower, you can close the
orders when yellow
EMA crosses back green EMA. Though, in this case you may lose some significant
amount of profit.
About
Take Profit and Stop Loss
The
price movements on different pairs can vary from 20 to 500 pips, that
is why we
do not recommend using fixed Take Profit as it may reduce your gains.
Still, if you are
an experienced trader you can take your own decision about using
fixed TakeProfit
on certain pairs. The same idea is applied for the fixed Stop Loss
using.The
better results are achieved if you close the orders following the
octopus_2
indicator
signals. Fixed Stop Loss may interfere into the potentially
profitable trade. Though,
it is not the strict rule.
If
you decide to use Stop Loss please see the following recommendations:
Sell
orders – Stop Loss may be placed 5-7 pips above red EMA
Buy
orders – Stop Loss
may be placed 5-6 pips below red EMA
Post a Comment