The forex strategy Momentum Pinball is another strategy of Linda Raschke, this forex strategy is quite simple and is not long-term,
but nevertheless allows
you to make a profit on the forex market if you use it correctly. Although I just want to warn you that transactions are
not so often (because we get signals on the daily interval). This strategy is slightly upgraded.

The Momentum Pinball strategy is a multi – currency strategy (i.e. it is suitable for any currency pair), trades are made using the signals of 2 intervals: D1 and H1

To trade on it, we will need to set only one indicator on the chart of the selected currency pair:

1) Momentum Pinball indicator with parameters:

• PeriodRSI = 3;
• PeriodROC = 1;
• we also add levels 70 and 30.

Now let’s look at the conditions under which we will enter into transactions according to the rules of the Momentum Pinball strategy.

We conclude PURCHASE transactions if:

Usually, the market price should not
return to the stop loss, but if you are knocked out by the stop loss, then you
need to set a new position to buy at the price of the first position
again.

For sales transactions – reverse conditions !

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• ExtPeriodRSI – The RSI Period (Relative Strenth Index);
• iExtPeriodROC – ROC Period (Rate of Change);
• Level_UP – The upper level of the Momentum Pinball indicator;
• Level_DW – The lower level of the Momentum Pinball indicator;
• TP-Take profit level as a percentage of the difference between the high and low of yesterday;
• SL-Stop loss level as a percentage of the difference between the high and low of yesterday;
• Lot – The volume of the opened position;
• Deviation – Slippage of the opening price in points.

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