Mostapha Joker Forex Strategy
Mostapha Joker is an indicator based on two moving averages and Rsi, which in the last period fills the forex forums with discussions. The indicator that I have here is perhaps not the orinal but it is still a simple version that runs on the forums. How to use this indicator is the question. I thought of using this indicator (which is slow) filtered mainly by the price action with supports and resistances. here I present three templates one with the original configuration of Mostapha joker the second with a faster configuration filtered as well as by supports and resistance also with HMA and the third filtered only by trend.
These templates are suitable for day trading.
Time Frame 5 min, 15 min, 30 min.
Currency pairs major and minor.
Metatrader 4 Indicators
Best Reversal SRN-3
Mostapha Joker 2.0
Level Pivots indicator
X-Code (9 period)
HMA (24 filter 0.5)
Trading rules Mostapha Joker Forex Strategy (with SR)
Template Default and Template Agreessive
Price Action
Buy
Price bounces on support. (Condition necessary)
Blue face as timing entry
Sell
Price bounces on resistyance. (Condition necessary)
Red face as timing entry
For aggressive template also HMA must agree with the direction and face (this is optional).
Exit at opposite face or at the SR lines.
Template trend
This template is more suitable at 30 min time frame.
We also recommend entering on the retracement.
Of the three templates, this has the lowest profitability.
The filter in this case eliminates few operations.
Buy
Blue face of Mustapha joker.
Blue line X.Code as filter
Sell
Red face of Mustapha joker.
Red line X.Code as filter.
Exit at opposite face or at the pivot leves.
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