Overview

• Indicators: The strategy uses four lines on the chart, with two colors: light green and red. The lines indicate stages of direction and magnitude.
• Trend Detection: The number of green and red lines crossing helps determine the trend direction. A combination of indicators (Stochastic, RSI) is used for confirming signals.
• Market Hours: The strategy is specifically tailored for the European market, operating from 9 AM to 6 PM Cairo Time.
• Trade Targets: Targets are set between 10 to 30 pips.

Buy and Sell Rules

Trend Analysis

• Upward Trend:
  • If more green lines (e.g., 3 green lines and 1 red line) are crossed, it indicates an upward trend.
  • Trade signals should be in the direction of the trend. Only take buy signals during an upward trend.
• Downward Trend:
  • If more red lines (e.g., 3 red lines and 1 green line) are crossed, it indicates a downward trend.
  • Trade signals should be in the direction of the trend. Only take sell signals during a downward trend.
• Horizontal Trend:
  • If there’s a balance between green and red lines (e.g., 2 green lines and 2 red lines), the market is in a horizontal trend.

Signal Confirmation

• Buy Signals:
  • Use Stochastic, RSI, and other indicators to confirm buy signals.
  • A buy signal is valid only if it is confirmed by at least two different indicators.
• Sell Signals:
  • Similarly, sell signals should be confirmed by at least two different indicators.

Stop-Loss and Targets

• Stop-Loss: Trigger a stop-loss signal when the direction changes from upward or downward to horizontal.
• Target: Aim for a profit target between 10 to 30 pips.

Additional Notes

• The strategy performs well with currencies and commodities but may show medium-level results with intra-pair cross trades.

By following these rules, traders can potentially align their trades with the prevailing market trend and enhance their chances of success with the KR7 - V3 strategy.