AUDUSD HOLY GRAIL
The Holy Grail Trading Strategy
Now, the name of this trading strategy may be controversial, but it’s a simple strategy that everyone can use. The professional trading tools you need to use are:
Average Directional Index (ADX) indicator
20-period moving average
The Holy Grail trading rules are simple to follow
See the rules for buy signals:
ADX must break above 30 and rising.
Wait for price to retest the 20-period moving average (this will be accompanied by a declining ADX, which must hold above the 30 level).
After the price touches the 20-period moving average place a buy order above the high of the candle.
After your order is filled, place a protective stop-loss order below the newly formed swing low.
Trail your SL to look in profits or take profits at the most recent swing high.
Now, the name of this trading strategy may be controversial, but it’s a simple strategy that everyone can use. The professional trading tools you need to use are:
Average Directional Index (ADX) indicator
20-period moving average
The Holy Grail trading rules are simple to follow
See the rules for buy signals:
ADX must break above 30 and rising.
Wait for price to retest the 20-period moving average (this will be accompanied by a declining ADX, which must hold above the 30 level).
After the price touches the 20-period moving average place a buy order above the high of the candle.
After your order is filled, place a protective stop-loss order below the newly formed swing low.
Trail your SL to look in profits or take profits at the most recent swing high.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.