Good day, dear readers of the Forex magazine ForTrader.org. Today I would like to share with you one of the systems that I met about a year ago at one of the foreign exchange forums. Rereading the forum, I decided to pocket it in my portfolio. Looking at the stories in the strategy tester encouraged me, given that when I looked at the system, I did not pay attention to economic news. So I am glad to present you a trend forex strategy called Holy Signals.
Input parameters
- Currency pairs: any
- Timeframe: H1 — D1
- Trading time: round the clock
- Type of strategy: trending, indicator
Installing the Forex strategy of Holy Signals
The Forex strategy of Holy Signals, like everyone else, is set in a standard way. If you did everything right, then your terminal desktop should look like this:
Indicators Used
The Forex strategy of Holy Signals incorporates four indicators that, one way or another, are responsible for entering the position.
Ema Crosover Signal — displayed as green and pink arrows, respectively, up and down. This indicator was created on the basis of the intersection of two moving averages, fast and slow with periods of 4 and 8. These parameters can be changed in the direction of increasing or decreasing, thus adjusting the system to your trading style. I also want to note that recently the purchase of indicators that show arrows have become very popular. Do not be fooled by this breeder — on average, in 90% of cases, the basis of such pseudo-indicators is a simple moving + some kind of oscillator.
Moving Average — the system is represented by two lines of red and blue. This indicator is a standard trend indicator of the MetaTrader 4 trading platform. In this case, the parameters of the moving averages are 5 and 13. This is a kind of visual control of the previous indicator. Everyone can change the parameters of moving averages for themselves, attaching importance to noise (when scalping or trading on small time frames), or cutting off noise, increasing the parameters.
Holygukgukguk — the author’s indicator, displayed in the form of columns in green and pink. I don’t know the parameters and settings, but purely mechanically you can change the parameters in one direction or another by adjusting the indicator for yourself. It seems that it is built on moving averages, although I can be very mistaken.
RSI is a standard MT4 terminal oscillator. This system uses the intersection of two RSIs with each other (a non-standard approach when working with this indicator, but often practiced). Indicator parameters 115 and 21. Each trader can adjust this parameter to his own style and a certain timeframe.
Signals to open buy positions on the Forex strategy of Holy Signals
To enter the purchase, a number of such conditions must be met:
- Ema Crosover Signal indicator shows a green up arrow.
- The red line of the Moving Average indicator with a period of 5 crosses the blue with a period of 13 from the bottom up.
- In all additional windows of the Holygukgukguk indicator, the bars should be green.
- The blue line of the RSI indicator with a period of 21 should cross the red line of the RSI indicator with a period of 115 from the bottom up.
Signals for opening positions for sale on the Forex strategy of Holy Signals
To enter the sale, a number of such conditions must be met:
- The Ema Crosover Signal indicator shows a pink down arrow.
- The red line of the Moving Average indicator with a period of 5 crosses the blue with a period of 13 from top to bottom.
- In all additional windows of the Holygukgukguk indicator, the bars should be pink.
- The blue line of the RSI indicator with period 21 should cross the red line of the RSI indicator with period 115 from top to bottom.
Money management
In each of my articles, I repeatedly recall that money management is the foundation without which it is impossible to build a solid house. Compliance with money management is a guarantee and 50% of your success. In this trading system, I recommend a risk of no more than 3% per position on a deposit. If you, for some reason, are not familiar with money management, do not know how to calculate a lot, then I advise you to look in the «Forex for Beginners» section.
Conclusion of the author of the article
Personally, I have met the Holy Signals forex strategy more than once, and, as practice shows, everyone speaks pretty well about it. Personally, I am a lover of trending systems, everything that is based on moving averages gives me strong confidence, because at one time, like everyone else, I started with moving ones and this is a classic, after all.
Of the advantages of the system:
Easy to use. Even a novice who is the first day on the market will cope with it.
Most indicators of the system are classic, or based on them, which makes it possible for both beginners and pros to optimize the system for themselves.
Not overloaded, the eyes do not run away from the number of indicators.
Of the disadvantages:
In flat, the system just drops out (like all trending ones).
Some indicators are redrawn, so you need to enter only by a closed bar.
Signals are delayed, as in all strategies with moving averages.
From my own experience I will say that the Forex strategy of Holy Signals has a right to exist. A few hands and brains with small optimization for themselves, and the strategy will thank you with some money. Thank you for staying with us, and good luck!