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Hi Trader,
Learn a simple forex strategy to accurately buy dips in uptrends and sell rallies in down
trends with 2 well known forex trading indicators.
This technique can be employed on any currency pair and timeframe starting from the 1
minute chart and above.
Metatrader 4 (MT4)
You can find the trading indicators installed by default on the Metatrader 4 platform.
In case you have MT4 not installed or want a $30 no deposit bonus to test this strategy
risk-free, click the image below to get started:
BUY Rule: Buy if MACD > 0 and Stochastic turns back above 20 from below.
SELL Rule: Sell if MACD < 0 and Stochastic turns back below 80 from above.
The picture above shows 3 profitable trades and 1 losing trade on the AUD/USD 1 hour
chart.
BUY: Stop Loss Rule: Place stop loss 3 pips below the most recent support area.
SELL: Stop Loss Rule: Place stop loss 3 pips above the most recent resistance
area.
Strategy Take Profit Rule