Sidus Trend Following Forex Strategys
The Sidus strategy represents a buy on dips and sell on rallies strategy. Just the perfect strategy to minimize your trading risk. It is based on the 200 simple moving average and 2 custom built trading indicators designed to enter the trade in the primary direction of the trend.
Used Indicators: 200 period Simple Moving Average, Sidus v.2, schaff-trend-cycle
Time frame(s): 30 Min and above
Trading sessions: All
Currency pairs: All
GBP/USD 1 Hour Chart Example
- Price must be above the 200 simple moving average (bullish territory)
- Sidus UP arrow
- Schaff trend cycle indicator totally oversold (0.00 readings)
Place protective stop-loss below the most recent support area or at the 200 SMA line (conservative traders). Exit your position when the price crosses back below the 200 SMA or take profit at 1:2 risk to reward ratio (i.e., risking $100 to win $200 – or use any other method).
- Price must be below the 200 SMA (bearish territory)
- Sidus DOWN arrow
- Schaff trend cycle indicator totally overbought (100.00 readings)
Place your stop-loss order above the most recent resistance area or at the 200 SMA line. Exit short trade when the price crosses back above the 200 SMA or take profit at 1:2 risk-to-reward (or use any other method).