Kijun Sen Plus Forex Trading Strategy

The Kijun Sen Plus forex trading strategy allows traders to predict which direction the market is going to with a great deal of accuracy, thereby making informed buy/sell entries on any currency pair.

Chart Setup

MetaTrader4 Indicators: Kijun-sen+.ex4 (Input Variable modified; Kijun=20), KVO.ex4 (Input Variable modified; FastEMA=50, SlowEMA=60, SignalEMA=39)

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 Kijun Sen Plus 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 price closes above the blue line of the Kijun-sen+ custom indicator as shown on Fig. 1.0, price is said to be pressured to the upside, and as such a buy signal is appropriate.
  2. If the silver histograms of the KVO custom indicator is aligned above the 0.00 level as seen on Fig. 1.0, the sentiment in the market is said to be bullish i.e. a buy signal is the right line of action.

Stop Loss for Buy Entry: Place stop loss 1 pip below the blue rising line.

Exit Strategy/Take Profit for Buy Entry

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

  1. If the price closes below the blue line of the Kijun-sen+ custom indicator during a bullish signal as seen on Fig. 1.0, an exit or take profit is recommended.
  2. If the silver histograms of the KVO custom indicator readjust to form below 0.00 level, it is an indication of weaning bulls power, hence an exit or take profit is advised.

Sell Entry Rules

Initiate a sell entry if the following holds true:

  1. If price closes below the blue line of the Kijun-sen+ custom indicator as seen on Fig. 1.1, price is said to be pushed to the downside, and as such it is a trigger to sell the currency pair of focus.
  2. If the silver histograms of the KVO custom indicator is aligned below the 0.00 level as illustrated on Fig. 1.1, the sentiment in the market is said to be bearish i.e. a signal to sell the designated forex pair.

Stop Loss for Sell Entry: Place stop loss 1 pip above the blue falling line.

Exit Strategy/Take Profit for Sell Entry

Exit or take profit if the following holds sway:

  1. If the price closes above the blue line of the Kijun-sen+ custom indicator during a bearish alert, it is an indication that bears are exiting their positions, leaving behind more bulls, as such an exit or take profit will suffice.
  2. If the silver histograms of the KVO custom indicator readjust to form above 0.00 level, it is an indication of halting bears power, hence an exit or take profit is advised.

Sell Trade Example

Fig. 1.1

Free Download

Download the Kijun Sen Plus Forex Trading Strategy

About The Trading Indicators

The Klinger Oscillator or KVO is a custom indicator developed by Stephen Klinger and is based on turnovers.

It shares a whole lot of similarities with the traditional MACD indicator, but differs in the display of real-time imbalances between buying and selling pressures.

The Kijun-sen+ custom indicator is a significant member of the the Ichimoku Kinko Hyo indicator family and can be used to measure medium-term momentum and trends.

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