Forex Trading Strategy: GBP-JPY 1H

This is the simple strategy i usually used for pair GBP-JPY: Please run your MetaTrader software. Then set this indicator: Indicator in use: 1. Simple Moving Average (SMA 35 high) thick white line as the picture (or it's up to you) 2. Simple Moving Average (SMA 35 close) white dot (period) as the picture (or it's up to you) 3. Simple Moving Average (SMA 35 low) thick white line as the picture (or it's up to you) 4. Linear weighted (LWMA 2 close) thick blue line as the picture (or it's up to you) 5. Linear weighted (LWMA 3 close) thin blue line as the picture (or it's up to you) 6. Linear weighted (LWMA 4 close) thin blue line as the picture (or it's up to you) 7. Linear weighted (LWMA 5 close) thin blue line as the picture (or it's up to you) 8. Linear weighted (LWMA 6 close) thin blue line as the picture (or it's up to you) 9. Linear weighted (LWMA 7 close) thin blue line as the picture (or it's up to you) 10. Linear weighted (LWMA 8 close) thick blue line as the picture (or it's up to you) 11. MACD 12,26,9 like the picture (the color it's you) 12. indicator BBANDS ~ 1 (This indicator can be found on the tricks that I tell this)  in this post I include the template and  the indicator , so you just copy and paste to the templates folder and the indicator folder in your MetaTrader. How it works : First: Use Time Frame 1 H BUY: When LWMA 2 to 8 have been crossing to the 35 SMA high with a high mark in the emergence of new Candlestick, do not open position when only LWMA 2 to 7 cross to SMA 35. make sure all LWMA 2 to 8 crossing to SMA 35 , because when all LWMA not cross to 35 high SMA, then price probably will be going down (reversal), see sign green orb in the picture above. In addition to the mark in the MACD 12, 26, 9 are on the positive value (mountain form) see the picture above. Also marked the emergence of signal point BBANDS ~ 1 blue. if all of the above signal is okay ... please open BUY position. OPEN SELL: When LWMA 2 to 8 close have been crossing down to the bottom of 35  SMA low with mark in the emergence of new Candlestick, do not do open position when the SMA cross to LWMA only 2 to 7.  Because when all LWMA not cross to 35 SMA low, then price probably will be going to  reverse, in addition to the mark with the MACD 12, 26, 9 are on a negative value (see the picture above).  Also marked the emergence of signal point BBANDS ~ 1 red. if all of the above signal is okay ... please open positions SELL Determining Target Point (TP) and Stop Loss (SL) To determine the TP, if the trends are strong then you can set 100 pips, but if the trend is not so strong, so please take target 50-60 pips only. How do I determine the trends are strong? please see your pair GBP / USD and USD / JPY Time Frame for 1 H, Candlestick when GBP / USD and USD / JPY  move in the same direction, they can be sure in the GBP / JPY will also move the same direction with that 2 pair. Example ... if the GBP / USD and USD / JPY rise 5 pips, the GBP / JPY will rise even more 10-15 pips. Or you can use fibonacci levels to determine your  TP , or with Support and Resistant level. To determine Stop Loss, I set it to 100 pips, because the nature of this pair is wild and it can be reverse 60 pips. this strategy match on the pair-pair wild as GBP / JPY or GBP / CHF which the movement pips a day can achieve 100-150 pips, and if the certain condition it can be up to 800 pips.  You can also trade GOLD using this strategy and get result ... hundreds of pips. Don't forget to Set Time Frame 1 hour (H 1). REMEMBER! Try in virtual money / DEMO account first! for 1 or 2 weeks. If you are used to profit with Virtual / demo, with a comparison of 10 times Trade 8 times profit and 2 times loss, or about 85% accuracy, so please use the Real Money / Money for your real trading.
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