R strategy in PFOREX Assist

R strategy in PFOREX Assist

Ninety Fourth session – PFOREX Assist Tutorial

Welcome back to Forex professional training.

In this session we will review;

• R Strategy Structure and functions
• The R Strategy examples in PFOREX Assist

R strategy Review

This strategy is created and developed by PFOREX. The courses of this strategy are available on the Education section in multiple languages under text and video formats.

This strategy has high performance and solid results on sharp and normal slope market trends to specify the reversal spots. This strategy, unlike other strategies, only apply trend line to find the suitable reversal spots under certain conditions.

There are 3 different types of R Strategy in which Trend line will be considered as support or resistance based on the trend direction.

The trend line must connect at least 2 peaks or valleys.

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R strategy Types

Type I

After fluctuations of price trend near the Trend line, if a powerful reversal candlestick pattern forms near the Trend line then a reversal spot can be detected. The Overbought/Oversold conditions by RSI or Stochastic will confirm the generated signal as well.

The bullish signal will be generated after price decreases toward the Trend line and a powerful reversal candlestick appears. The Trend line must connect at least 2 valleys on the bearish trend. If RSI line passes the level 30 or Stochastic line passes the level 20 toward top then the reversal spot can be detected and the bullish trend is confirmed.

The bearish signal will be generated after price increases toward the Trend line and a powerful reversal candlestick appears. The Trend line must connect at least 2 peaks on the bullish trend. If RSI line passes the level 70 or Stochastic line passes the level 80 toward bottom then the reversal spot can be detected and the bearish trend is confirmed.

The specifications of this strategy are as follows;

• Market type: Trend market
• Symbols: Entire symbols
• Time-frames: All timeframes
• Elements: Trend line, Reversal candlestick pattern, RSI and Stochastic
• Entry Price:
  • Buy Order: Reversal Bullish candlestick near the Trend line (Support line)
  • Sell Order: Reversal Bearish candlestick near the Trend line (Resistance line)
• Stop Loss:
  • Buy Order: Below the last candlestick on the reversal spot
  • Sell Order: Over the last candlestick on the reversal spot
• Take Profit:
  • Buy Order: Equal to length of the candlestick, over the entry price
  • Sell Oder: Equal to length of the candlestick, below the entry price
• Confirmations: Hidden Divergence and Divergence/Convergence

Now let’s check some examples of this strategy.

The Silver price has decreased and a Trend line can be plotted by connecting two valleys. The price proceeded toward the Trend line which acts as a support line. A Hammer candlestick pattern appeared near the Trend line to specify the reversal spot. It is speculated that price may rise after it passes the Entry price.

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The next example shows a bearish signal in which Trend line (resistance line) connects the peaks. As price went near the Trend line, a Shooting Star pattern formed and the reversal spot is determined for the downward trend.

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Type II

After fluctuations of price trend near the Trend line, when price crosses the Trend line with Closing price on the other side of the Trend line and then a powerful reversal candlestick pattern forms then a reversal spot can be detected. The Overbought/Oversold conditions by RSI or Stochastic will confirm the generated signal as well.

Bullish format: After price decreases toward the Trend line and crosses the Trend Line with a candlestick, which the Closing price is below the Trend line, if a powerful reversal candlestick appears then a bullish signal will be generated. The Trend line must connect at least 2 valleys on the bearish trend. If RSI line passes the level 30 or Stochastic line passes the level 20 toward top then the reversal spot can be detected and the bullish trend is confirmed.

Bearish format: After price increases toward the Trend line and crosses the Trend line with a candlestick, which the closing price is over the Trend line, if a powerful reversal candlestick appears then a bearish signal will be generated. The Trend line must at least connects at least 2 peaks on the bullish trend. If RSI line passes the level 70 or Stochastic line passes the level 80 toward bottom then the reversal spot can be detected and the bearish trend is confirmed.

The specifications of this strategy are as follows;

• Market type: Trend market
• Symbols: Entire symbols
• Time-frames: All timeframes
• Elements: Trend line, Reversal candlestick pattern, RSI and Stochastic
• Entry Price:
  • Buy Order: Reversal Bullish candlestick near the Trend line (Support line)
  • Sell Order: Reversal Bearish candlestick near the Trend line (Resistance line)
• Stop Loss:
  • Buy Order: Below the last candlestick on the reversal spot
  • Sell Order: Over the last candlestick on the reversal spot
• Take Profit:
  • Buy Order: Equal to length of the candlestick, over the entry price
  • Sell Oder: Equal to length of the candlestick, below the entry price
• Confirmations: Hidden Divergence and Divergence/Convergence

Now let’s check some examples of this strategy.

On the AUDUSD price chart, Trend line connects at least 3 valleys with support effect on price movement. After second cross by the price, the Closing price of the bearish candlestick is lower than the resistance line. A powerful bullish candlestick pattern formed just after that and the signal was generated with certain Entry and Exit prices.

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In the next example, Trend line as resistance line has connected 3 peaks. A long bullish candlestick pattern crossed the Trend line with Closing price over it. A powerful bearish candlestick just formed after that with Closing price below the Trend Line to confirm the reversal downward spot.

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Type III

In this type, after fluctuations of price trend near the Trend line, when price crosses the Trend completely, if a powerful reversal candlestick pattern forms then a reversal spot can be detected. The Overbought/Oversold conditions by RSI or Stochastic will confirm the generated signal as well.

Bullish format: After price decreases toward the Trend line and crosses the Trend Line completely, if a powerful bullish candlestick appears then a signal will be generated. The Trend line must connect at least 2 valleys on the bearish trend. If RSI line passes the level 30 or Stochastic line passes the level 20 toward top then the reversal spot can be detected and the bullish trend is confirmed.

Bearish format: After price increases toward the Trend line and crosses the Trend line completely, if a powerful bearish candlestick appears then a signal will be generated. The Trend line must at least connects at least 2 peaks on the bullish trend. If RSI line passes the level 70 or Stochastic line passes the level 80 toward bottom then the reversal spot can be detected and the bearish trend is confirmed.

The specifications of this strategy are as follows;

• Market type: Trend market
• Symbols: Entire symbols
• Time-frames: All timeframes
• Elements: Trend line, Reversal candlestick pattern, RSI and Stochastic
• Entry Price:
  • Buy Order: Reversal Bullish candlestick below the Trend line (Support line)
  • Sell Order: Reversal Bearish candlestick over the Trend line (Resistance line)
• Stop Loss:
  • Buy Order: Below the last candlestick on the reversal spot
  • Sell Order: Over the last candlestick on the reversal spot
• Take Profit:
  • Buy Order: Equal to length of the candlestick, over the entry price
  • Sell Oder: Equal to length of the candlestick, below the entry price
• Confirmations: Hidden Divergence and Divergence/Convergence

Now let’s check some examples of this strategy.

On EURGBP price trend, Trend line has connected several valleys. The price then crossed the Trend line (support line) completely and after some candles on the bearish trend, a powerful bullish Engulfing candlestick below the Trend line appeared to specify the reversal spot toward top. The Entry and Exit prices are determined by this candlestick.

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In the next example, the Trend line connects 3 peaks of the bullish trend. Then price passed the Trend line, which acts as a resistance line, toward top. Finally a powerful bearish Engulfing candlestick pattern formed above the Trend line to determine the reversal spot for the bearish trend. It is speculated that price would decrease after it passes the Entry price.

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Notices

You can download PFOREX Assist app for iOS and other platforms devices to receive these signals instantly, however I have to insist that all the services provided PFOREX are as information, not as suggestion nor advice.

That concludes this session, until next time and another session, take care.