Sign In with Google
Sign In with Facebook
The Rubicon system is a multicurrency Forex trend strategy based on the signals of the technical indicator, after which it was named. The Rubicon indicator underlying the trading strategy is a combination of 3 moving averages. You can find a detailed description and a link to download this tool in the Indicators section of our website.
This indicator not only helps to determine the right moment to enter the market (by drawing an arrow in the appropriate direction) but also greatly facilitates the trading process itself, showing the preferred take-profit and stop-loss levels. The only drawback of the indicator is that it does not show history, working exclusively in real-time.
Strategy settings
After downloading and installing the Rubicon indicator in your terminal, apply it to the chart of the traded currency pair on the M30 timeframe. In this system, the Rubicon indicator does not change its properties, so leave all the settings of the indicator parameters with the default values.
Conditions for opening positions
Trading with the Rubicon strategy is very easy. After all, the indicator does all the main work, being a kind of Forex advisor.
An example of opening a buy trade:
1. First, wait for the price to cross the red line (main moving average of the indicator) in the upward direction. If this happens, we begin to prepare for entering the market.
2. When the blue and blue lines of the indicator cross, a yellow up arrow, and a green line will appear on the chart. Arrow - buy signal, green line - level at which a pending buy order should be placed (Buy Stop). We do it.
3. Stop loss and take profit are not set yet; we are waiting for the price to break through the level of the pending order.
4. When the pending order is triggered, the indicator will draw labels on the chart. The orange mark will show the value of the required stop loss, and the yellow marker will show the take profit. Let's modify the pending order in accordance with these values.
Sell deals are opened according to the same rules, but with opposite values.
Conclusion
As you can see from the description, the main trading task in this strategy is assigned to the indicator. Since the system does not have the ability to historically assess the quality of trades, we, despite a large number of positive reviews about this indicator and the strategy in general, recommend that you first practice on a demo account.
It is also worth noting that many traders using the Rubicon strategy in their trading recommend increasing the size of the take profit two to three times that indicated by the indicator.
