Forex Stix Amazfit Swing Trading Strategy
Forex Stix Amazfit Swing Trading Strategy:
This version of Stix indicator has been adapted for the forex by joy22.
Stix indicator no repaint.
STIX indicator is a short-term trading oscillator that was published in The Polymetric Report. It compares the amount of volume flowing into advancing and declining stocks.
Interpretation
According to The Polymetric Report:
STIX indicator usually ranges between +30 and +70.
If STIX indicator gets as low as 30, the market is almost always a buy, except in a raging bear market.
The market is fairly overbought if STIX rises to 70; and except in a new bull market, it’s wise to sell if STIX should go over 70.
Traders and investors should modify these rough rules to suit their own objectives.
In normal markets, STIX rarely gets as high as 70 or as low as 30, so rigid use of these rules of thumb would keep you inactive most of the time. For active accounts, the rules might be made much less stringent.
Table :Overbought and Oversold
Extremely Overbought greater than 70
Fairly Overbought greater than 60
Fairly Oversold less than 30
Extremely Oversold less than 40
Calculation
STIX is based on a variation of the Advance/Decline Ratio:
The STIX is a 21-period (i.e., 9%) exponential moving average of the above A/D Ratio.
I have proposed two styles of trading with Stix indicator:
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Overbought and Oversold; 30-40=Sell 60-30=Buy
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Extreme Overbought and Oversold; =<70 Sell =>30Buy
In forex a trading strategy is a fixed plan that is designed to achieve a profitable return by going long or short in markets. The main reasons that a properly researched trading strategy helps are its verifiability, quantifiability, consistency, and objectivity.
For every trading strategy one needs to define assets to trade, entry/exit points and money management rules.
How to install Forex Stix Amazfit Swing Trading Strategy?
- Download Forex Stix Amazfit Swing Trading Strategy.zip
- Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
- Copy tpl file (Template) to your Metatrader Directory / templates /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your forex strategy
- Load indicator on your chart
How to uninstall Forex Stix Amazfit Swing Trading Strategy?
To shut down an indicator, one has to remove it from the chart. At that, its drawing and recalculation of its values will stop. To remove an indicator from the chart, one has to execute its context menu commands of “Delete Indicator” or “Delete Indicator Window”, or the chart context menu command of “Indicators List – Delete”.
