Oversold & Overbought Zone Forex Volatility Strategy
This system is intraday trading and works on a 15 minute and 30 minutes timeframe. This is applicable to all currency pairs.
Forex Indicators:
- Overbought and oversold zone indicator;
- Damiani volameter, (The trades zone are ” the not trade zones Damiani Voltameter” );
- Pivot Points levels.
Rules:
- Trades Zones are when green line of Damiani Volameter is below line gray
Buy entry:
- The value of the Overbought and oversold zone indicator must reach or breaks the level of -8;
- Buy the first when it turns red reaches or breaks the level (-4).
- Open buy position at open next bar.
Note: if the value of the Overbought and oversold zone indicator reaches or breaks the level of -8 and the level -4, Do not Enter a trade.
Sell entry:
- The value of the Overbought and oversold zone indicator must reach or breaks the level of 8;
- Sell the first when it turns red reaches or breakes the level (4).
- Open sell position at open next bar.
Note: if the value of the Overbought and oversold zone indicator reaches or breaks the level of 8 and the level 4, Do not Enter.
Exit Position:
- Profit Target predetermined that dependes by pairs and time frame;
- The Pivot Points levels.
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