Heiken Ashi/SMA20/MACD - FOREX DEMO

[ABeespackBags]

Pretty new to Forex and started with some demo trading a week back.

Will try to share my strategy with charts.

[AdamarWeri]

1/5/15/60 Minute
Heiken Ashi candles
SMA- 20 Days
MACD
Parabolic SAR (Optional)

Heiken Ashi - Gives me easier decision making hence used.Basically their can be only two trends up/down and when a Doji or a Spinning after a rally the trend reverses .

Take position in 1 Minute chart based on below confirmations and hold on till we see Doji in higher time frames.

Rule 1 - Check Heiken Ashi Trend in 60 Minutes if Bullish/Price above SMA go to Rule 2
Rule 2 - Heiken Ashi Trend in 15 Minutes if Bullish/Price above SMA go to Rule 3
Rule 3 - Heiken Ashi Trend in 5 Minutes if Bullish/Price above SMA go to Rule 4
Rule 4 - Heiken Ashi Bullish take buy position

The above would be mirrored in case on bearish patterns.

Fibonacci retracements are taken into considerations and some trend line is different time frames.

Will post on a daily basis to test if works.

Target to start Live trading by one Month.

Would like to have some advise from you guys as well

[ADreattylilt]

Screen capture of set up

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[aexeniciey]

6.06.2016

Trade set up check

Bearish in three time frames but no confirmation on 1 Minute time frame

[AgrikGex]

Waiting for slight pull back on 1 Minute time frame to initiate short

[admin]

Price drops in 1 Minute chart