When diving into the Puria method, the timeframe you choose—be it H1 or M30—plays a crucial role. Let’s set up our chart with three moving averages:
- Moving Average 1: MA period - 85, MA method - Linear Weighted, applied to Low, choose red color.
- Moving Average 2: MA period - 75, MA method - Linear Weighted, applied to Low, choose red color.
- Moving Average 3: MA period - 5, MA method - Exponential, applied to Close, choose blue color.
Next, add the MACD indicator using these parameters: Fast EMA=15, Slow EMA=26, MACD SMA=1. These indicators are all readily available in any MetaTrader 5 client terminal.
The Puria method shines with these recommended currency pairs and timeframes:
- AUDJPY - M30 - 15 pips;
- NZDUSD - 1H - 25 pips;
- USDCAD - H1 - 20 pips;
- EURGBP - H1 - 10 pips;
- USDJPY - M30 - 15 pips;
- GBPUSD - M30 - 20 pips;
- USDCHF - M30 - 10 pips;
- EURCHF - H1 - 15 pips;
- AUDUSD - M30 - 10 pips;
- EURJPY - M30 - 15 pips;
- CHFJPY - 1H - 15 pips;
- CADJPY - M30 - 20 pips;
- EURUSD - M30 - 15 pips.
- Sell when the blue MA crosses the two red MAs from above to below, confirmed by the MACD indicator (one bar closes below the Zero Level).
- Buy when the blue MA crosses the two red MAs from below to above, confirmed by the MACD indicator (one bar closes above the Zero Level).
Set your maximum Stop-Loss at 14 pips.
Your Take Profit value should depend on the specific currency pair you are trading (as listed above).
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