› Beejay Strategy - How it Works

Beejay Strategy - How it Works

Today, Beejay strategy is the next weapon that we want to present to you. The high return ratio (up to at least 500 points of profit per month) and a huge versatility in the application are the two most precious focal point of this strategy.

yIn this article, you will find the guide to use this modern weapon system and maybe increase your chance to win on the forex battlefield.

What is Beejay Strategy


As we have mentioned above, versatility is one of the two most attractive aspects of this strategy. In particular, traders may start Beejay strategy with any time frame. However, as the effective range of any weapon, we recommended M15, H1, and H4. The same thing goes with choices on the currencies pairs. The Beejay was applied successfully with specific combinations of: EUR/USD, AUD/USD with M15, and GBPUSD and EURUSD on longer time frame H1 or H4. All the set up should be made on Metatrader 4 for the best result.

Preparing for the strategy with the following required indicators:

  1. An Exponential Moving Average EMA (8) (the color is Red, apply to Close);
  2. A Simple Moving Average SMA (26) (the color Blue, apply to Close);
  3. A Commodity Channel Index - CCI (55) (apply to Close, level 0);
  4. A Commodity Channel Index - CCI (34) (apply to Close, level 0);
  5. A Relative Strength Index - RSI (26) (apply to Close, level 48);
  6. An additional indicator Parabolic SAR (0.02, 0.2).


Conditions for purchases in the Beejay Strategy:

  1. The Exponential Moving Average EMA (8) crosses the Simple Moving Average SMA (26) with the EMA stays above then;
  2. The Commodity Channel Index CCI (55) and CCI (34) break through the zero line from below;
  3. The Relative Strength Index RSI (26) penetrated its level 48 to the upside;
  4. After all the above requirements are satisfied, make a purchase order when the candle of the next day posting a Bull when it closed.


Beejay Strategy - How it Works


Conditions for sales in the Beejay Strategy: reverse all conditions above:

  1. The Exponential Moving Average EMA (8) cuts through the Simple Moving Average SMA (26) and goes down;
  2. The Commodity Channel Index CCI (55) and CCI (34) plunge through the zero line;
  3. The Relative Strength Index RSI (26) crossed its level 48 and went down;
  4. After all the above requirements are met, make a sell order when the candle of the next day calling a Bear at day end.


Beejay Strategy - How it Works


Important rules when applying this strategy:

  • Traders should open one position at a time only;
  • Only enter the market when the candle of confirmation is totally closed;
  • All signals must be received after one trading day;
  • The maximum risk for each transaction shouldn’t be more than 2% of your total balance;
  • The order should expired in eight hours or less.


If you like this strategy, you might also be interested in this Macd Divergence

Pros and cons of the strategy


Pros

  • Provides visual indicators for traders;
  • Built-in indicators required only;
  • Easy to set up and use;
  • Provides a detailed guide on making decision.


Cons

  • Requires a highly stable mental condition;
  • Tracks potential points to enter the market takes time.

Conclusion


The Beejay strategy is an effective technical strategy equipped with many fortes. Given such advantages, traders could easily try on as many forms of this strategy as possible to find the best application on their own. We also recommend using the Beejay on different currencies pairs to maximize the benefit. Remember: to remember exactly the signal movements and stick with the mentioned rules are compulsory for a success in this hard market.


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