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It almost seems like the modern world of trading is about nothing but trading indicators and also about who manages to not go the best one in time.
And yes it is and it isn't. Although personal experience also makes up a significant part of success, it is also undeniable that today's modern times are highly turbulent and fast-paced, and where often before only the aforementioned experience stood, today indicators are making their way and more and more are beginning to set a new direction for the markets.
Strategy entry rules
Entering long positions
- The Force Index (21) curve of the indicator rises above a level of 5
Entry into short positions
- the Force Index (21) curve of the indicator falls below the level of -5
How to trade with the strategy
From the entry rules above, it is clear that the main part of today's trading strategy is the Force Index indicator (it is a basic part of every MT4 platform) with a periodic setting of 21 (one of the most used settings -> increases the probability that other traders will react similarly to the situation) and levels 5 and -5
(levels can be set in the indicator settings under the "Levels" tab - see chart above).
If everything is prepared in this way, then it is enough to wait until the indicator curve either falls below the -5 level (in this case there is a high probability that the market has taken a downward trend -> time for selling), or on the contrary rises above the +5 level (in this case there is a high probability that the market has taken an upward trend -> time for buying), and then it is possible to immediately start entering trading positions.
The Forex strategy based on the Force Index trading indicator with a period of 21, can achieve a success rate of up to 80% in some currency pairs, with the best results on currency pairs that are much more trending and less oscillating.
