Main photo Speculative Strategy

Speculative Strategy

  • By Chris Moris
  • 3071 views

In this strategy we will use two standard indicators to obtain the trading signals to buy or to sell.

  • Zigzag: we use standard settings, changing the Depth to 100. 
  • RSI: settings remain unchanged with the period 14.

Timeframe: ?15.

Trading instruments are EUR/USD or GBP/USD.

The level of T/P: 60-100 points.

The level of S/L: 15-20 points.

It is worth remembering: in case of S/L, we shall not open positions in this direction but wait for the opposite signal, that is: if after the buy transaction the price goes down up to the Stop Loss, we will not open any buy positions but will wait for the signal to sell.

Short positions can be opened when the indicator Zigzag reaches the upper point of the candlestick or HIGH, while RSI will be in the overbought zone or above 70 (fig. 1).


Fig. 1

Long positions can be opened when the indicator Zigzag reaches the lowest point of the candlestick or the LOW, while RSI will be in the oversold zone or below 30 (fig.2). 

Fig. 2


Chris Moris
Chris Moris

Risk Warning: Trading on Forex and Binary Options carries a high level of risk and it is not suitable for all investors.There is always a possibility of losing some or all of your initial investment, so you should not invest money which you can't afford to lose.Eventhough we Forex Stock Exchange Forum -fxsforexsrbijaforum.com,does not provide any investment advice you should be aware of the risks involved. Any opinions, news, research, analyzes, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice.Forex Stock Exchange FORUM will not accept liability for any losses, which may arise directly or indirectly from use of information from our website.You trade at your own risk!

Recommended publications