Harvest Forex Strategy

Introduction

The Harvest Forex Strategy is designed to refine entry signals using a combination of price action interpretation and optional indicators. With a focus on high time frames, this strategy leverages the Order Block indicator as the primary filter, supplemented by the ADX indicator for additional confirmation. By adhering to clear trading rules, traders can identify appropriate moments to enter and exit trades with confidence.

Strategy Setup

Time Frame: 30 minutes or higher

Currency Pairs: Any

Indicators:

1. Order Block (default settings)

2. Harvest Entry Signal

3. ADX (14-period, green line, level 20)

Trading Rules:

Buy Signals:

1. Identify a bounce off support of the Order Block

2. Confirm buy signals.

3. Optional: ADX green line > 20.

Sell Signals:

1. Identify a bounce off resistance of the Order Block

2. Confirm sell signals.

3. Optional: ADX green line > 20.

Exit Position:

1. Set initial stop loss below support (for buys) or above resistance (for sells).

2. Alternatively, set stop loss below previous swing low (for buys) or above previous swing high (for sells).

3. Target a minimum profit-to-loss ratio of 1:1.3.

Conclusion

The Harvest Forex Strategy offers a systematic approach to filtering entry signals in the forex market. By focusing on high time frames and employing the Order Block indicator as the primary filter, traders can enhance their decision-making process. The optional use of the ADX indicator provides additional confirmation, adding to the robustness of the strategy. With clear trading rules for buy and sell signals, as well as defined exit positions, traders can execute trades with discipline and precision, aiming for favorable risk-reward ratios.

Download

https://drive.google.com/file/d/14-7v9z4IzC2l24eRUm_bDlgyLOnQlD1-/view?usp=sharing