The Munyuk foreign exchange trading strategy is an easy fx technique that be utilized to generate consistent gains within the market exchanging hours. It’s an intraday exchanging strategy that focuses to make gains within the daily exchanging cycle. This technique utilizes signals from all three indicators for purchase and auction entries.
Features
1. De_Munyuk.ex4 “Munyuk indicator” with default setting, Parabolic SAR (0.02, 0.20) and 100pips Momentum.ex4 “ Oracle move” with default setting are the only three MetaTrader 4 indicators utilized in this trading strategy.
2. The recommended time frame is one hour, four hours, one day, one week or one month.
3. This trading strategy can be utilized in any endorsed trading sessions.
4. Works perfect on major currency pairs that include EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD and NZD/USD.
Purchase Instance
Purchase Entry Rules
Initiate a purchase entry when the following rules are observed:
1. The color of the Munyuk indicator turns to lime colored doted candlesticks on the window (Indicating a purchase signal).
2. The Parabolic SAR dots are positioned beneath price on the activity chart (indicating a purchase entry).
3. The Oracle Move indicator sparks a purchase alert when it’s blue line bypassing the red line beneath up.
4. For the stop-loss of the purchase entry, position thirty pips beneath entry price.
Take-Gain for Purchase Entry
Initiate a take-gain or an exit when the following rules are observed:
1. The Munyuk indicators dotted candlesticks turn its lime color to orange red.
2. The Parabolic SAR dot displays on top of the price on the chart.
3. The Oracle Move indicator blue borderline bypasses the red line from beneath up.
Occasionally, these 3 rules don’t trigger on our chart respectively. If you observe any one of them shifting the bullish signal, then you should be ready to end your open placement. Take-gain should be aimed at fifty pips while tracking stop in placement as well.
Auction Rules
Initiate an auction entry when the following rules are observed:
1. The color of the Munyuk indicator turns to orange red dotted candlesticks on the indicator window (a short signal).
2. The Parabolic SAR dots are positioned on top of the price on the activity chart (indicating a short entry).
3. The Oracle Move indicator produces an auction alert when its blue borderline bypassing the red line from beneath up.
4. For the take-gain of the auction entry, position thirty pips on top of the entry price.
Take-Gain for an Auction Entry
Initiate a take-gain or an exit when the following rules are observed:
1. The Munyuk’s indicator dotted candlesticks turns its orange red color to lime.
2. The Parabolic SAR dot display beneath the price on the chart.
3. The Oracle Move indicator blue borderline bypasses the red borderline from beneath up.
Utilize this strategy at your own risk. WindsorForex.com cannot be responsible for any losses associated with utilizing any strategy presented on the site. It’s not recommended to utilize this strategy on the real account without testing it on demo first.
