Heiken Ashi + ADX trading strategy + Stochastic
Time frame M5
Trading pairs: A strategy suitable for all instruments.
Time frames: 5 minutes.
Indicators
Heiken Ashi
Stochastic Indicator (5) (33)
ADX(14)
When entering a buy trade.
The instrument price is above the Heiken Ashi moving average while two consecutive candles are bullish on the chart at the same time the ADX indicator is above 22 points indicating an upward trend and the Stochastic indicator is moving upwards.
When entering a sell trade.
The instrument price is below the Heiken Ashi moving average while two consecutive candles are bearish on the chart at the same time the ADX indicator is below 22 points, indicating a downward trend, and the Stochastic indicator is moving downwards.
When to exit
Take profit: 10-15 points. Stop loss: 5-10 points. Close buy positions after a 15-point price increase. Close short positions after a 15-point price decrease.
GERUSD MS