Heiken Ashi/SMA20/MACD - FOREX DEMO

Hi Guys

Pretty new to Forex and started with some demo trading a week back.

Will try to share my strategy with charts.

Thanks
Alluri

Strategy is to have 4 Time frame windows

1/5/15/60 Minute
Heiken Ashi candles
SMA- 20 Days
MACD
Parabolic SAR (Optional)

Heiken Ashi - Gives me easier decision making hence used.Basically their can be only two trends up/down and when a Doji or a Spinning after a rally the trend reverses .

Take position in 1 Minute chart based on below confirmations and hold on till we see Doji in higher time frames.

Rule 1 - Check Heiken Ashi Trend in 60 Minutes if Bullish/Price above SMA go to Rule 2
Rule 2 - Heiken Ashi Trend in 15 Minutes if Bullish/Price above SMA go to Rule 3
Rule 3 - Heiken Ashi Trend in 5 Minutes if Bullish/Price above SMA go to Rule 4
Rule 4 - Heiken Ashi Bullish take buy position

The above would be mirrored in case on bearish patterns.

Fibonacci retracements are taken into considerations and some trend line is different time frames.

Will post on a daily basis to test if works.

Target to start Live trading by one Month.

Would like to have some advise from you guys as well

:thumb:Alluri:thumb:

Screen capture of set up



:thumb:Alluri :thumb:

:thumb:Alluri :thumb:

16.06.2016

Trade set up check

Bearish in three time frames but no confirmation on 1 Minute time frame



1 Minute time frame



No entry as of now

Waiting for slight pull back on 1 Minute time frame to initiate short



Short initiated after 2 red candles ,All higher time frames Bearish set up



Second short initiated after some dojis and red candles



After the second short a doji occured and the trend reversed. A FIBO was drawn to identify test levels

Prices tested 23.6 and moved towards 38.2 %

Hold position as higher time frames confirming bearish set up



Testing 38.2 Levels with a Doji

Taken third position of Short after confirmation with two red candles



All time frames bearish confirmation as below with Three Short positions



Prices testing 38.2 Fibo for teh second time @ 1 Minute chart another shorting oppurtunity



Doji Formed at in 5 Minute time frame - Holding as bearish in higher time frames


2 Doji Formed at in 5 Minute time frame - Holding as bearish in higher time frames



Double doji with a bearish candle in 5 Minute time frame

Price drops in 1 Minute chart



Price drops further and finally doji forms in 1 minute chart we hold position as bearish in higher time frames



many dojis form in 1 minute charts showing indecision but we hold position as bearish in HTF .



Finally price droops way down >> exit positions with Trailing stop loss

Hi Moderator

Just wanted to know if the name of the Thread can be changed as its not a Demo account any more.

The thread is on live account

Regards
Alluri

Yes ,it can be done. Send a pm to Traderji specifying the new name you want,and it will be done.

Smart_trade