Blade Runner Forex Trading Strategy

If you dive into the forex market unguarded, you stand the risk of losing your trading account, which might result in you wanting to give up early.

This is a big fear for most retail traders and we’ve developed the Blade Runner forex trading strategy to help you make informed buy and sell trading decisions.

Let’s delve into the system and see how it works:

Chart Setup

MetaTrader4 Indicators: Vegas Currency1 Hour.ex4 (Input Variable Modified; RiskModel=2, MA1=14, MA2=28), 36 EMA, RSO.ex4 (Input Variable Modified; RSO Period=56))

Preferred Time Frame(s): 1-Minute, 5-Minute, 15-Minute, 30-Minute, 1-Hour, 4-Hour, 1-Day

Recommended Trading Sessions: Any

Currency Pairs: Any pair

Download

Download the Blade Runner Forex Trading Strategy

Buy Trade Example

Fig. 1.0

Strategy

Long Entry Rules

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

  1. If the dodger blue line and histograms (lime & red) of the RSO custom MT4 indicator breaks and stays above the 0.00 level as seen on Fig. 1.0, price is said to be pushed to the upside i.e. a signal to buy the designated forex pair.
  2. If the blue and green lines of the Vegas Currency1 Hour custom indicator intersects the red 36 EMA line bottom up as depicted on Fig. 1.0, it is a signal to buy the listed currency pair.

Stop Loss for Buy Entry: Place stop loss 3 pips below short-term support.

Exit Strategy/Take Profit for Buy Entry

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

  1. If the dodger blue line of the RSO custom indicator declines to break below the 0.00 level when a buy signal is ongoing, it is a trigger to exit or take profit without delay.
  2. If price close below the green and blue lines of the Vegas Currency1 Hour custom indicator as shown on Fig. 1.0, an exit or take profit is duly advised.

Sell Entry Rules

Enter a sell order if the following holds sway:

  1. If the dodger blue line and histograms (lime & red) of the RSO custom MT4 indicator declines and hovers below the 0.00 level as illustrated Fig. 1.1, the sentiment in the market is said to be bearish i.e. a sell alert.
  2. If the green and blue lines of the Vegas Currency1 Hour custom indicator intersects the red 36 EMA line top downward as seen on Fig. 1.1, it is a signal to sell the listed forex pair.

Stop Loss for Sell Entry: Place stop loss 3 pips above short-term resistance.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following takes center stage

  1. If the dodger blue line of the RSO custom indicator surges above the 0.00 level when a sell signal is running, an exit or take profit will suffice.
  2. If price close above the green and blue lines of the Vegas Currency1 Hour custom indicator as depicted on Fig. 1.1, an exit or take profit is recommended.

Sell Trade Example

Fig. 1.1

Free Download

Download the Blade Runner Forex Trading Strategy

About The Trading Indicators

The RSO or Relative Strength Oscillator custom indicator is an oscillator type of RSI, with its 20s and -20s level depicting overbought and oversold regions respectively.

The 36 EMA is an exponential moving average that has its period set at 36 and reduces the lag by adding more weight to recent price.

The Vegas Currency1 Hour custom indicator takes advantage of two exponential moving averages: EMA144 and EMA169.

It further creates a tunnel that delivers buy/sell alerts for investors.

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