[Signals anyone can understand for buying] Buy when the Heiken-Ashi becomes bullish, sell when it becomes bearish! Works on 1-minute charts and others too. A beginner-friendly scalping method [Scaletrade Futa]
※This article is a reproduction and re-edit of an article from FX Discovery.com May 2019 issue. Please note that the market information written in the main text may differ from the current market.
Ska-to-re Fuuta-san Profile
He rode the stock day-trading boom to become a full-time trader, but retired after a big loss due to the subprime loan issues. Later he learned about FX, became a part-time trader for two, then three years, and became full-time in the fourth year. He began creating indicators and teaching materials after friends encouraged him to share.
Blog：FX Blog Scatore Fuuta—from 200,000 to 100,000,000 yen!!
Twitter：https://twitter.com/fuuta_fx_trader
Strategy Highlights
- Technical: Heikin Ashi, Bollinger Bands (period 20, deviation 2)
- Trading time frame: 1-minute chart (can be applied to other time frames)
- Target currency pair: USD/JPY
- Benefits of this strategy: Entry and exit are simple and easy to understand
Entering by Combining Heikin Ashi and Bollinger Bands
New position
- Confirm the Bollinger Band is sloping upward to indicate an uptrend
- Enter when Heikin Ashi touches the -2σ or -3σ of Bollinger Bands and then turns bullish
Exit
- Take profit when Heikin Ashi turns bearish
- Set a stop loss at the nearest recent low
※The “Strategy Highlights” and the main text assume an upward, long position; for a downward, short position, the rules are reversed.
