Expert opinion. Cloud is a good instrument for describing current tendencies. If a price chart is over a growing cloud, this has a rising, upward tendency. If a chart is under a falling cloud, it has a downward tendency.
Expert opinion.The best solution is to trade on daily charts and higher. However, there are also examples of effective trading on 6-hour-charts.
Expert opinion. The strategy has proven to be best for the following instruments: EUR/USD, GBP/USD, GBP/JPY, Brent oil and Gold. It is also possible to experiment with some other assets, but with a decreased volume for the first trades.