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The Lucky Couple is a specially developed trading algorithm based on two indicators, one of which is standard and the other is custom. Their combination allows quickly and accurately determining the best moment to open a position in the direction with the current trend when trading with the EURUSD. The indicators included in its composition are used in trading to determine the current trend, and thus, one could assume that the strategy is based on the confirmation of each other's signals by the indicators, however, in this strategy, one indicator gives a signal to enter the market, and for exit is another. The Lucky Couple strategy is very effective, but very easy to use. This allows traders with different levels of experience to put it into practice.
It is important to keep in mind that the strategy can only be used with the EURUSD pair on the H1 timeframe, as it is not as effective with other given units.
Strategy indicators
The Lucky Couple strategy consists of only two indicators, but this does not affect its effectiveness in any way. One of the indicators is standard, and the second is custom, but both indicators are used to determine the current trend, and when interacting with each other, create an effective trading strategy.
- Fisher m11 - trading indicator, period is 55, PriceSmoothing is 0.03, and IndexSmoothing is set to 0.
- Parabolic SAR - indicator of the technical analysis of the market. Its parameters remain set by default, that is, 0.02 and 0.2.
Trading with the Lucky Couple strategy
The application of this trading algorithm will not be difficult, especially if trader familiarize with the indicators included in its composition in advance. The indicators in the Lucky Couple strategy do not confirm each other. To enter the market, the signal of the Fisher m11 indicator will be used, and to exit - Parabolic SAR. Thus and indicators will be applied in this strategy.
Conditions for Buy trades:
- The histogram of the Fisher m11 indicator, coloring in color with the growth value rises above its level 0.
After the appearance of such a signal from the Fisher m11 indicator, a long position can be opened at the close of the signal candle. The Parabolic SAR indicator is used when the trade needs to be closed, and it closes after at least one point of the Parabolic SAR indicator is above the candles. The strategy is Lucky a couple do not require the issuance of protective orders.
Conditions for Sell trades:
- The Fisher m11 indicator falls below level 0 and is colored with the fall value.
After receiving such a signal from the first indicator, a short position may be opened at the close of the signal candle. It will only need to be closed taking into account the Parabolic SAR values, namely, when at least one point of this indicator is under the candle. When trading using the Lucky Couple strategy, Stop Loss or Take profit may not be set at all.
Conclusion
The Lucky Couple trading strategy is based on the functioning of effective indicators, therefore it brings a good profit from correctly executed trades, therefore it is not in vain that it is recommended to study the indicators included in it separately before trading using the strategy. It is also recommended to use the strategy on a demo account and make correct money management.
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