Forex Gold Vein Trading Strategy
Gold Vein is a treding system trend following price action based on Gold vein indicator, carmen eyes and a repaint indicator (similar at the Fisher indicator).
Time Frame 15 min, 30 min, 60 min.
Currency pairs majors.
Metatrader Indicators setting:
easy-forex-system alias carmen eyes indicator (expand rate: 35, 50, 65, trend indicator);
Fischer Joker (21 period);
Fishrer joker (13 period);
Smfischer Transform (8 period);
Gold Vein ( trend period 50 this indicator is similar at the trend CCI, trend following indicator);
Pivot Point indicator.
Gold Vein System trading rules
Trade only in the dirrection of the trend if the price is above carmen eyes only buy, if the price is below yhe carmen eyes only sell.
Price above carmen eyes (blue line);
Fisher joker (21 period) green bar ;
Fisher joker (13 period) green bar ;
SM Fisher Transform (8 period) green bar ;
Gold Vein indicator (50 period ) green bar.
If these conditions are agree buy at opening of the next bar.
Price belo carmen eyes (yellow line);
Fisher joker (21 period) red bar ;
Fisher joker (13 period) red bar ;
SM Fisher Transform (8 period) red bar ;
Gold Vein indicator (50 period ) red bar.
If these conditions are agree sell at opening of the next bar.
Exit position when joker repaint indicator (21 period change direction) or at the levels of the pivot point or with ratio 1.2: stop loss.
Place intial stop loss for buy 5 pips below yellow line, for sell 5 pips above blue line.
Tips: Find the currency pair in trending.
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