Kijun Angle Forex Trading Strategy

The Kijun Angle Forex Trading Strategy offers traders a whole new way of looking at the currency charts in a bid to interpret the correct market trend and make informed buy and sell trades.

Let’s get started:

Chart Setup

MetaTrader4 Indicators: KijunTenkant.ex4 (Input Variable modified; Kijun=30), MAAngle.ex4 (Input Variable modified; MAPeriod=30)

Preferred Time Frame(s): Any

Recommended Trading Sessions: Any

Currency Pairs: Any pair

Download

Download the Kijun Angle Forex Trading Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

Initiate a buy entry if the following indicator or chart pattern gets displayed:

  1. If the blue line of the KijunTenkant.ex4 custom indicator cuts below its red line bottom up, with price trading somewhat above the lines as depicted on Fig. 1.0, price is said to be pushed to the upside. This is indicative of a looming bullish trend, hence buy order(s) is appropriate.
  2. If the lime green histograms of the MAAngle.ex4 custom indicator gets aligned above the 0.00 level, the sentiment in the market is said to be bullish i.e. a trigger to buy the specified currency pair.

Stop Loss for Buy Entry: Place stop loss below support.

Exit Strategy/Take Profit for Buy Entry

Exit or take profit if the following rules or conditions take precedence:

  1. If price closes below the blue line of the KijunTenkant.ex4 custom indicator when a buy signal is still running, it is an indication of weaning bulls power i.e. a trigger to exit or take profit at once.
  2. If the yellow histogram of the MAAngle.ex4 custom indicator is seen during a buy signal, it is an indication of more buyers leaving the market, hence an exit or take profit will do.

Sell Entry Rules

Initiate a sell entry if the following holds true:

  1. If the blue line of the KijunTenkant.ex4 custom indicator crosses above its red line in a top downward manner with price trading somewhat below the lines as seen on Fig. 1.1, price is said to be pushed to the downside. A move that is indicative of a sell alert.
  2. If the fire brick histograms of the MAAngle.ex4 custom indicator gets aligned below the 0.00 level, the sentiment in the market is said to be bearish i.e. a trigger to sell the specified currency pair.

Stop Loss for Sell Entry: Place stop loss above resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following holds sway:

  1. If price closes above the blue line of the KijunTenkant.ex4 custom indicator when a sell signal is ongoing, it is an indication of weaning bears power i.e. a trigger to exit or take profit at once.
  2. If the yellow histogram of the MAAngle.ex4 custom indicator forms during a sell signal, it is an indication of more sellers leaving the market, hence an exit or take profit will suffice.

Sell Trade Example

Fig. 1.1

Free Download

Download the Kijun Angle Forex Trading Strategy

About The Trading Indicators

The MAAngle.ex4 custom indicator depicts the moving average slope angle in degrees.

The indicator is of huge advantage to traders who aggressively deploy moving averages indicator for trading.

The Kijun Tenkant.ex4 is a forex indicator that is a component of the Ichimoko Kinko Hyo indicator and finds its use as a metric for medium-term momentum.

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