This Strategy Can only be applied to Boom and Crash Indicies.

It is easy to setup and use.

It can be used on both big and small accounts.

Settings

Choose Moving Average: Period (13), Shift (0), Method (Exponential) Apply to (Close)
Period (50), Shift (0), Method (Exponential) Apply to (Close), Style(2 Pixel);
Period (200), Shift (0), Method (Exponential) Apply to (Close), Style (2Pixel).

forex cracked Boom and Crash Strategy
boom and crash

should look like this after applying the 3 EMAs.

Add RSI:

Period (1) : Apply to (Close)
Style (3Pixel)

Levels: 10 Extremely Oversold
20 Oversold
50 Wait
80 Overbought
90 Extremely Overbought
Style (1 Pixel)

fxcracked Boom and Crash Strategy
boom and crash

Your Chart should look like this.

How to use the strategy.

First, you have to identify where the trend is going in the H1 timeframe.
Drop down to the M15 timeframe and draw your supply and demand zones.
Now go to the M1 Timeframe.
On the M1 timeframe wait for the EMAs in the RSI to get to the Overbought range.
Also, wait for the 200 EMA in the RSI to get to the Overbought zone.

The EMAs on the chart also work and support and resistance.
When the 50 EMA crosses the 200EMA going to the downside it indicates a strong signal to start selling given that our conditions on the RSI have also been met.


After a spike comes wait for the price to pull back to the 13 EMA then re-enter. IF you had not exited on the first spike, put your stop loss at breakeven then hold till the EMAs on the RSI have reached the oversold zone.
Price can pull back to the 50 or 200 EMA then give another spike.

Just wait for the market to meet our conditions then execute.
Close when the 13 EMA crosses the 50 EMA back to the upside.


Remember to use proper risk management.

forex trading Boom and Crash Strategy
Cash500 Boom 500
how to trade Boom and Crash Strategy

With this strategy, the goal is to get a minimum of 3 spikes on each trade that you take.

Boom and Crash Trading plan

Why Do You Need A Trading Plan?

You need to develop consistency in your trading. You need to have a routine so that you can measure your success as a trader. You may have a sound trading system and always break the rules. If this is the case you will never know how good your system is and how good you are as a trader. Read your plan every day, follow it and you will stay on target with your goals.

Basics for your plan.

You have to include all the important information about
your system:
• The timeframes you will use.
• Your entry points and entry signals.
• Your risk on each trade.
• How many trades you will take each day.
• Your daily targets.

Trading Routine

• A trading routine is an important part of your trading plan. It will guide you:
• When you will analyze the market and plan your trades.
• When you will watch the market to take trades.
• When you will check the market during the day.

State of mind

You should be calm and relaxed whenever you take trades.
This can only be achieved by following your trading routine.
The routine will keep your emotions in check.
Example:
• I will only trade in the direction of the trend.
• I will look for signals and not guess which way the market will go.
• When I lose a trade I took it as a lesson and I will not revenge trade.
• I will not be hard on myself for losing a trade.
• I will use each trade as a learning experience.

What Are My Goals?

Takes some time to think about what you want to accomplish as a trader.
How much % growth can you realistically expect from your trading based on your knowledge and experience?
Do you want to trade for a living?
What do you want to get out of your trading?
Your goals can be personal, use these goals as your motivation in tough times.

Your Trading Journal

Make sure you jot down the details of every trade that you take and the reason why you took your trade in your trading journal.
You can later on revisit your journal and evaluate your trades to see how you have progressed.
Review your trading plan every time you trade and stick to the plan.
If you do not have a trading plan on how to use your knowledge you will never be successful.

I also recommend that you take part in the Forum section at https://justforforex.com/, there are many forexes experienced
traders who will be able to answer all your questions. This will shorten your learning curve as you learn from the experts.

Read More : Forge Your Own Forex Trading Strategy

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