Fractal and Moxo Forex Trend Following Strategy

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Fractal and Moxo Forex Trend Following Strategy

Fractal and Moxo (momentum crossover) is another trend following strategy. This system is the combines the fractal and momentum indicators. Momentum must be set to 14.

Long Entry position:

  • Buy Fractals are marked with a green “B”
    above the high of the fractal bar;
  • Enter market when price rises to an amount
    equal to or greater than two ticks above the
    fractal bar’s high.
  • A buy fractal is valid until it is hit.;
  • Signal bar is first MO bar that crosses zero line
    from negative to positive;
  • Entry point is two ticks above high of
    corresponding price bar;
  • A MOXO buy signal is valid until hit.

Short Entry Position:

  • Sell Fractals are marked with a red “S” below
    the low of the fractal bar;
  • Enter market when price falls to an amount
    equal to or less than two ticks below the fractal
    bar’s low;
  • A sell fractal is valid until it is hit;
  • Signal bar is the first MO bar that crosses zero line
    from positive to negative;
  • Entry point is two ticks below low of
    corresponding price bar;
  • A MOXO sell signal is valid until hit.

Initial Stop Loss for Long Positions: 

Set stop loss at the lower of the lowest low of the last three price bars (including the signal bar) or the lowest stability. line below the low of the signal bar.

For short positions: 

Set stop loss at the the higher of the highest high of the most recent three price bars (including the signal bar) or the highest stability line above the high of the signal bar.

Decide a target profit or you can exit through trail stop.

 

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