Cycle Extremus Forex trading strategy is based on custom mathematical indicators and oscillators along with 100 Simple Moving Average, Bollinger Bands, and Fibonacci. You can download Cycle Extremus MT4 trading strategy for free and test it out yourself.
Using Cycle Extremus Forex trading strategy
Cycle Extremus works best on M1 to M15 timeframes, but could also be used on hourly TF. Any G10 currency pair is acceptable, as are the main commodities.
The main market entry points are where all the indicator lines intersect; either at the top or to bottom of a window (see chart, entries denoted by vertical lines). For higher probability the order should be opened in the direction of the trend indicated by the 100 SMA. In addition, market should preferable be trading near Bollinger Bands when an entry signal occurs.
It is also good idea to check higher than traded timeframe to see if signals from a larger picture don’t contradict.
Note: more then one entry method could be used with Cycle Extremus Forex trading strategy; such as using projected arrows.
Exit points, depending on situation, should be either at nearby support/resistance levels, main Fibonacci levels of 38.2%/61.8%, the 100 SMA, or an opposite entry signal combination.
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