FOREX GURU SYSTEM V3
Trading Instructions
Enter Buy
When the two Moving Averages cross upwards:
- Guru-Angle: gives a green signal.
- Forex Guru Histogram Indicator: gives a green signal.
- Market Emotions Indicator: gives a green signal.
Enter Sell
When the two Moving Averages cross downwards:
- Guru-Angle: gives a red signal.
- Forex Guru Histogram Indicator: gives a red signal.
- Market Emotions Indicator: gives a red signal.
Target and Stop Loss Settings
- 15-Minute Chart: Target = 15 pips, Stop = 15 pips or Target = 20 pips, Stop = 20 pips (based on market volatility)
- 30-Minute Chart: Target = 30 pips, Stop = 30 pips
- 1-Hour Chart: Target = 50 pips, Stop = 50 pips
- 4-Hour Chart: Target = 100-300 pips, Stop = 100 pips
Special Instructions for 4-Hour Chart:
- Preferred to set a trailing stop of 100 pips.
- Move the stop to the entry point after 100 pips, then continue to chase profits.
Exit Strategy
You can also exit when an opposite signal appears.
Optimal Trading Conditions
- Perfect Session: Asian session (Tokyo, Sydney)
- Best Currency Pairs:
- EUR/USD
- GBP/USD
- USD/JPY
- Best Time Frames:
- 30 Minutes
- 15 Minutes
Important Note
You should practice the strategy for at least one week (50 positions on a demo account) before trading live.