Helder's X-ray is not the only well proved strategy
Strategy Forex "Helder's X-ray" - is it trusted by traders?
Helder's X-ray is not the only well proved strategy Forex from doctor Alexander Helder. Strategy is multiple currency, i.e. allows to do business on any currency pair, the only complexity will consist in selection of parameters of the indicators used in this strategy of forex. It is possible to do business on any taymfreym, recommended – H1. By our estimates it is rather stable strategy Forex.
The idea of strategy consists in determination of strength by means of indicators which go in the standard MetaTrader 4 set. When there is an understanding where the market i.e. what of the parties is stronger moves, it is possible to trade together with the dominating group. The strategy essence also consists in it – when bulls are strong, we open long positions; when bears are strong, we open short positions.
Indicators for strategy "Helder's X-ray"
Strategy consists of 3 indicators, all of them are available in the MetaTrader 4 trading terminal by default:
1. Bears Power (strength of bears). It shows a difference between a minimum and value of exponential moving average (EMA). Before addition of the indicator, it is necessary to expose parameter 68. The indicator is displayed in the form of the histogram and is located in a separate window.
2. Bulls Power (strength of bulls). It shows a difference between a maximum and EMA value. At addition of the indicator, it is necessary to expose parameter 164. The indicator is displayed also in the form of the histogram and is located in a separate window.
3. Moving average (EMA) with the period 34.
EMA 34 will serve for confirmation of signals of indicators of strength of bulls and bears. That is we need to look for signals on purchase when the price is located higher than a moving average. Respectively signals for sale when the price is under EMA.
Conditions for opening of purchases on strategy Forex "Helder's X-ray"
In search of a signal on purchase we will be guided by the Bears Power indicator and the provision of the price concerning EMA 34.
1. The value of the indicator of strength of bears is negative, but begins to increase – it speaks about weakening of bears and gives the first signal to purchase.
2. The price crosses EMA from below up and is fixed, i.e. closed over it.
3. After performance of signals 1 and 2, at opening of the following candle the long position opens.
4. Stop the order is established a little below than the last local minimum.
5. There is no reference point of profit of accurate. But the size of the expected profit has to surpass the extent of risk by 2-3 times i.e. if stop the order is established in 50 points from an entry point, then the reference point of profit will be about 100-150 points.
6. If desired the transaction can be accompanied with the help a stop treyling. It is established approximately at distance of 30-50 points for the four-digit broker (respectively for five-digit is 300-500 points).
Strategy Forex "Helder's X-ray"
There are 3 options of an exit from an open position:
1. On stop to the order which can be both negative, and positive.
2. On the established profit reference point.
3. On the return signal of the Bulls Power indicator. It is worth paying attention on divergence, they appear when the price (not necessarily the closing price, it can be at most) formed a new maximum, and the column of the indicator fell.
Conditions for opening of sales on strategy Forex "Helder's X-ray"
For opening of sales we will be guided by signals of the Bulls Power indicator and the provision of the price is relative EMA 34.
1. The Bulls Power indicator is in a positive zone and begins to fall. Such situation speaks about weakness of bulls.
2. The price crosses moving average from top to down and is fixed, i.e. closed under it.
3. When conditions 1 and 2 are executed, on the following candle the short position opens.
4. Stop the order is established a little above the last local maximum.
5. As well as in a case with a long position, there is no accurate reference point of profit. But it has to exceed the size of feet of the order by 2-3 times.
6. At will the transaction can be accompanied with the help a stop treyling. It is established at 30-50 points from a point of opening of the transaction.
Strategy Forex "Helder's X-ray"
3 options for closing of a position:
1. On stop to the order, positive or negative.
2. On the predetermined teyk to a profit.
3. On the return signal of the Bears Power indicator. Here too it is worth paying attention on divergence. They when the price shows a new minimum are formed, and the column of the Bears Power indicator is higher than previous.