This is a simple strategy and you need to spend is 15 mins every end of day.

This strategy works in Day TimeFrame.

Below are the three indicators you will need which are present in your MT4 by default.

1. Linear Weighted Moving Average(LWMA)

2. Bill Williams Fractal

3. OsMA Histogram(Moving Average of Oscillator)

Add the LWMA indicator twice one with 10 LWMA apply to open and a shift of 1 and one with Linear Weighted Average 8 applied to Close.

Add the Bill Williams Fractal and OSMA Histogram(Moving Average of Oscillator) with 12,26,9 setting(default).

Now the chart should look like below.

Now the rules begin here

All entry should be done at the open of a new day candle at 23:00 CET which is 17:00 EST. You can flip through all the seven charts within 15 minutes. At 23:00 CET switch your machine on and start looking at your charts. You will either be closing open trades, managing open trades or placing new trades.

BUY rules:

At the end of day at 23:00 CET and a new candle opens, check for below conditions to meet.

1. Is the low of the candle above the 10 Weighted Moving Average?

2. Is 8 Weighted Moving Average above the 10 Weighted Moving Average?

3. Is the OsMA positive?

If the answers to all three conditions are met, then you have a setup candle to BUY, but not the trigger to enter the trade. We have one more to check about.

-> Is the close of the setup candle equal to or less than 60 PIPS from the 8WMA?

If the answer is yes, then the setup candle also qualifies as a trigger. You can enter your BUY trade.

SL: place the initial stop loss at the low of the last fractal.

TP: 1.5 times the initial stop loss.

SELL Rules:

1. Is the high of the candle below the 10-LWMA?

2. Is 8 WMA below the 10-LWMA?

3.Is the OsMA negative?

If all the conditions are met then you have a setup candle to sell, but do not the trigger to enter the trade.

We have one more confirmation to check.

->Is the close of the setup candle equals or less than 60 PIPS from the 8-LWMA?

If the answer is yes, then the setup candle also qualifies as a trigger. You can enter your SELL trade.

[font=Tahoma, Verdana, Arial, sans-serif]SL: Place the initial stop loss at the High of the last fractal. [/font]

TP: [font=Tahoma, Verdana, Arial, sans-serif]1.5 times the initial stop loss.

This strategy can be tried on the below pairs[/font]

USDCAD, USDJPY, EURUSD, GBPUSD, AUDUSD, EURJPY and GBPJPY.

Happy Trading.

This strategy works in Day TimeFrame.

Below are the three indicators you will need which are present in your MT4 by default.

1. Linear Weighted Moving Average(LWMA)

2. Bill Williams Fractal

3. OsMA Histogram(Moving Average of Oscillator)

Add the LWMA indicator twice one with 10 LWMA apply to open and a shift of 1 and one with Linear Weighted Average 8 applied to Close.

Add the Bill Williams Fractal and OSMA Histogram(Moving Average of Oscillator) with 12,26,9 setting(default).

Now the chart should look like below.

Now the rules begin here

All entry should be done at the open of a new day candle at 23:00 CET which is 17:00 EST. You can flip through all the seven charts within 15 minutes. At 23:00 CET switch your machine on and start looking at your charts. You will either be closing open trades, managing open trades or placing new trades.

BUY rules:

At the end of day at 23:00 CET and a new candle opens, check for below conditions to meet.

1. Is the low of the candle above the 10 Weighted Moving Average?

2. Is 8 Weighted Moving Average above the 10 Weighted Moving Average?

3. Is the OsMA positive?

If the answers to all three conditions are met, then you have a setup candle to BUY, but not the trigger to enter the trade. We have one more to check about.

-> Is the close of the setup candle equal to or less than 60 PIPS from the 8WMA?

If the answer is yes, then the setup candle also qualifies as a trigger. You can enter your BUY trade.

SL: place the initial stop loss at the low of the last fractal.

TP: 1.5 times the initial stop loss.

SELL Rules:

1. Is the high of the candle below the 10-LWMA?

2. Is 8 WMA below the 10-LWMA?

3.Is the OsMA negative?

If all the conditions are met then you have a setup candle to sell, but do not the trigger to enter the trade.

We have one more confirmation to check.

->Is the close of the setup candle equals or less than 60 PIPS from the 8-LWMA?

If the answer is yes, then the setup candle also qualifies as a trigger. You can enter your SELL trade.

[font=Tahoma, Verdana, Arial, sans-serif]SL: Place the initial stop loss at the High of the last fractal. [/font]

TP: [font=Tahoma, Verdana, Arial, sans-serif]1.5 times the initial stop loss.

This strategy can be tried on the below pairs[/font]

USDCAD, USDJPY, EURUSD, GBPUSD, AUDUSD, EURJPY and GBPJPY.

Happy Trading.

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