Parameters Tab:. Color — Any color you want. Do not use fixed minimum and fixed maximum. Setting Stochastic Indicator :. From the navigator window drag and drop the Stochastic indicator on the chart window and set the. following values. Slowing — 3. MA method — Simple. Fixed minium — 0 Check the checkbox. Fixed maxium — Check the checkbox. Once you set all the above indicators as explained, you will see the moving averages and MACD on the hourly chart and not on the 1 5 min.

The following is how the hourly chart and 15 min. chart look like. How to trade:. Go to the hourly chart and observe the trend. Uptrend: If the red line is above the Turquoise line and if the Turquoise line is above the Medium Blue. line that means the trend is upwards. Downtrend: If the Red line is below the Turquoise line and if the Turquoise line is below the Medium. blue line that means the trend is downwards. If the trend is upwards enter only long trades.

If the trend is downwards enter only short trades. Trading Strategy for Long Trades:. is above the Medium Blue line. In the above picture check the vertical red lines that I have drawn. In between the red lines the MACD. histogram bars are above the zero line and the red signal line of MACD did not leave the histogram bars.

Now go to the 15 min. On the 15 min. Check the following picture which shows the 15 min. chart for the above indicated hourly chart. In between the red lines the MACD histogram bars are below the zero line and the red signal line of MACD did not leave the histogram bars.

In the above 15 min. chart the CCI raises above the line two times. At this point once the Stochastic moving averages cross each other enter a short trade. The overbought regions of the CCI indicato r are indicated by blue circles in the above chart and the point of entries for the short trade are indicated using blue lines. Stop Loss and Take Profit:. Once you enter a long trade or a short trade, use a take profit of 25 pips and a stop loss of 40 pips. Observe the MACD i n the hourly chart and if the red signal or the MACD leaves the histogram bar exit the trade with little profit.

Share your opinion, can help everyone to understand the forex strategy. Write a comment. txt Site map. For all the moving averages use enough widths to see them clearly.

First Moving Average : Period — 12 Shift — 0 MA Method — Exponential Apply to — close Color — Red. And you will see the MACD indicator only on hourly chart as you set the visualization to hourly chart only. Setting CCI : From the navigator window drag and drop the CCI indicator on the chart window and set the following values.

And because patience is not one of my virtues. It shouldn't be more than pips away from your entry point. One of the main strengths of this strategy is its low risk. It works best when the 5 and 10 Mas are both rising at a fairly steep angle. The 10 MA line should continue to rise in a buy trade , and also act as initial support for the price. Eventually, the price will come back through the 5 and 10 MA lines and test either the 35 or 50 MA line.

The FIRST time this happens, the 50 MA will usually hold. not more than pips to the other side of it. And often price will just touch the 50 MA line and immediately bounce off of it.

The game is often over the second time that the 50 MA is challenged. It is better to get stopped out with just a small profit than to let a profit turn into a loss. I initially wished I was still in the trade and am tempted to jump right back in. Below is a screenshot of a minute chart showing movement both above and below the 50 EMA line. I urge you to set up your own charts with the three moving averages and watch the market action for yourself. Believe it or not, if we can simply average catching one good trade a day with this strategy, we will make it to our goal of a million dollars in 18 months or less.

You need to put in the time and effort to always be learning how to improve your trading. And it is. But it can seem oh so slow in the beginning. But you simply have to steel yourself to be patient, to be content with gradually increasing your equity.

Just averaging small daily profits will make that million dollars a reality. They forget all the times it worked wonderfully. As always, I welcome comments, suggestions, prayers, and gifts of chocolate and liquor.

Please leave a comment below if you have any questions about Zero to a Million Trading Strategy! We specialize in teaching traders of all skill levels how to trade stocks, options, forex, cryptocurrencies, commodities, and more. Our mission is to address the lack of good information for market traders and to simplify trading education by giving readers a detailed plan with step-by-step rules to follow. Hi there I am interested in learning more about this challenge.

When do you take profits etc. Very high quality stragy. I study and follow you guide for my stragy. Thanks and best wish to you and your family. I glad to receive more lesson if you have it. Thanks for the strategy, Jack.

Looks like 10 and 50 EMA are important. Please indicate the use of 5 EMA. My view is that when you select 15 min TF, the 5 EMA represents past 5 x15 min candles 75 min. Not sure whether it is required, Where as 10 EMA represents past 1. Your thoughts? Sorry to be running a year behind in replying. Hope you make it before I do.

You'll both make it if you're serious about trading and not gambling. This takes discipline. I would tweak the system a little, but that is just me! That indicator would be vital to spot incorrect entries. Hey Jack I think you have a lot of people waiting to see the next post here as am I. love the idea waiting to hear from you. DB - Next report should be out by tomorrow Friday, the 21st.

I'll consider the Skype idea - thanks for the suggestion - but I'm a recluse by nature. Like Jesse Livermore, I tend to stay hidden away in my private trading office during market hours.

Also, I'm a technological moron - My skill level doesn't extend much beyond using Microsoft WORD to write these articles. But Casey and I have talked about setting up some sort of open forum in relation to this project - it's largely a question of time - at the moment I'm trading all morning and scribbling all afternoon.

Hi Jack, First of all thank you for clearing my anxiety that what kinda strategy you going to use and honestly I was hoping that you should use moving averages, and here you go moving average it is. Well I was trying recently or you can say comparing SMAs VS EMAs. but yet im still little confused.

I hope moving along with you I will learning the applicable difference between sma and ema. Concept wise im clear. Getting back to your strategy I have done the basic system that you proposed. laid out all the EMAs and SMAs and im looking at the trades we are getting if we back track the strategy.

well when price has moved more than the average or I should say significantly then trade is much better but during range bound market or when price moves in small ranges its hard to find any trade. So are you suggesting until and unless there is not a clear breakage we should not trade? Like you said more details will follow so I guess you better hurry up 😀 cant wait for more details.

By the way except your follow up articles on your journey of becoming millionaire are you putting up some page or going to use some resource where we can following you while trading live or anything like that or are you planning to give signals for market entry exit? Just a suggestion if there is anything more interactive can be setup then I guess it will be very helpful for you and for us as well in terms of learning.

Overall I am really looking forward to follow you on this journey and Most of all congrats on doubling your money in first day its amazing I must say. Good luck to you. And yes, I'll be addressing that and other issues in future reports here.

Where are the trades? Do you have fxjunction? Is there a page with chart entrys to prove this works? What sessions are you trading? How many hours are you sitting waiting for the 5 10 cross? Thx for the time and good luck Jack.

You maybe my new here. Tomi - Watch for the next report later this week for info on where you can follow this at MyFxbook. I trade primarily the NY morning session, but sometimes often Mondays and Fridays trade the London session. Occasionally I take a flyer in the Asian session, but only rarely. Hi Jack, Totally awesome results already.

I hope you'll tell us how much of your account you risk and how you manage the trade. I'm ready to make my million!! You have coffee??? My new best friend! Yeah, there's just too much to fit into any one article, so I plan to do a weekly column here on this providing additional information.

I'll be examining trades I've made, and hopefully those examples will help you get a clearer idea as we go along of exactly how this strategy works. Good Job on doubling already Jack and good luck with this venture. Will be keenly watching this. Are you going to post screenshots for people to see or an ongoing commentary? I was fortunate.

Just one of those days where I nailed everything. Thanks for your good wishes. I'm glad the 13th didn't fall on a Friday. Not that I'm superstitious or anything. And the funny part is well, one of many funny parts , I was trying out a new trading platform that I'm not really familiar with, and I kept entering orders wrongly and having to re-enter them.

attached my morning trading face. Hi Jack, thanks for the great article. Just wanted to say that I like your strategy because I also use EMA's for mine 🙂 Totally agree that with the 15 min world, you want to be tight with the SL indeed. Thanks for sharing! Hi Chris! waving I love EMAs - I've always preferred them to SMAs, even though there's probably not often a great deal of difference.

Join Our Telegram Group Chat - CLICK HERE. This is an effective forex strategy with only three indicators. I use this strategy primarily on the minute chart, but it can be used effectively on longer time frames as well. The three indicators being used are:.

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line that means the trend is upwards. June 8, at am. Well I was trying recently or you can say comparing SMAs VS EMAs. and fixed max. Thanks for the strategy, Jack. And often price will just touch the 50 MA line and immediately bounce off of it.

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