The Lucky Stars is a trend-momentum intraday forex strategy based on Lucky Star VF indicator. This trading system also comes with an automatic pilot for the trade.
Characteristics of the system:
- Currency pairs: majors or with low spreads.
- Timeframes: 5 min, 15 min, 30 min.
- Lucky Star ZZ dist 1= 4, dist 2= 12;
- Lucky Star pivot;
- Exponential moving average 32 period;
- Exponential moving average 6 period;
Lucky Star VF based on the following indicators:
- MACD: Signal EMA 4, Fast EMA 16, Slow EMA 32;
- MA trend 96;
- ADX 14;
How to trade with Lucky Stars Trading System?
Open BUY position when following conditions are met:
- EMA 6 above EMA 32.
- Green thin bar with star weak buy signal.
- Green bar with star strong buy signal.
Open SELL position when following conditions are met:
- EMA 6 below EMA 32.
- Red thin bar with star weak sell signal.
- Red bar with star strong sell signal.
Exit position suggestions:
- exit at the pivot levels;
- with predetermined profit target;
- place initial stop loss at the previous swing;