DIAMOND POWER TREND

Entry Signals

To enter a position, pay close attention to the correlation signals from the major indicators:

BUY Signal Criteria:

  1. The red MA line (main graph) crosses above the green line.
  2. Momentum crosses the 100 mark upwards.
  3. The green UTPOW line crosses above the red line and is rising.
  4. The yellow TRAP line is rising and below the green histogram.
  5. MACD crosses above the zero line.

SELL Signal Criteria:

  1. The red MA line (main graph) crosses below the green line.
  2. Momentum crosses the 100 mark downwards.
  3. The green UTPOW line crosses below the red line and is falling.
  4. The yellow TRAP line is falling and below the red histogram.
  5. MACD crosses below the zero line.

Risk Management

To manage risk effectively, consider the following:

  • Stop-loss: Recommended not lower than 40-50 pips.
  • Take-profit: Recommended not lower than 30 pips.
  • Trailing Stop: Once you've achieved 30-40 pips in profit, consider moving the stop-loss to trail the currency movement automatically.

Exit Strategy

Exit your position either on the opposite signal or based on additional signals, such as Momentum crossing the 100 mark in the opposite direction.