Forex Strategy Daily Breakout System - Another profitable, break-out strategy, forex, something similar to a Forex Strategy "10 points for the EURUSD": It is based on exactly the same breakdown of the maximum and minimum of the previous trading day, but in this strategy, there are additional terms of re-entering the market in cases of price reversal, as well as conditions for entry into the market in a flat.
I recommend selecting a Forex broker with online trading platform MT4!
I recommend selecting a Forex broker with online trading platform MT4!
So, we have some know that if the market price has broken the maximum (minimum) from the previous trading day, then it will behave in one of the following scenarios:
1) will be executed stop-loss traders on daily intervals (steady stop-loss at low or higher hai day candles), so that movement of prices, the forex market will continue for some number of points in the direction of penetration - for example, 10 -30 points and the price will go down in fletovoe movement.
In this case, the algorithm is implemented forex strategy "10 points for the EURUSD"
2) Once the price breaks the daily maximum (minimum), it is possible that it will turn around and go in the opposite direction.
3) The maximum and minimum will be sharply punched strong price movement and price to that level will not return (if the price fails to exceed its maximum or minimum for a minimum of - 3 days).
Based on the available options, and we will trade on the strategy, depending on the situation on the forex market.
1. In the same way as in the above-mentioned strategy "10 points ..." we'll put 2 pending orders at the highs and lows of the previous day - 1 st in each direction.
2. Set profit target level of 25-40 points.
3. Set stop loss at 15-20 points.
4. Important: pay attention only to the 1st intersection high or low during the trading day (ie vsluchai order closing the stop-loss or profit, the order of the day is no longer available!)
5. Once the price breaks the high or low level, and passed him a fixed number of items - such as 10-15 (depending on the chosen currency pairs), we will rearrange our stop-loss orders at the open level bezubytka (or record profits, while ensuring that a / 2 sledki and the rest of the remaining transactions to transfer to breakeven).
6. Once the order is repositioned to zero and shut down half of the transaction - and at the same level (the level of the opening of the transaction - see Figure 2 - thick blue line) are putting another order, but now in the opposite direction (if initially exhibited BAI, we put CELL and vice versa), raschittyvaya the fact that there was a retreat from this level, rather than his penetration.
WARNING:
3) The maximum and minimum will be sharply punched strong price movement and price to that level will not return (if the price fails to exceed its maximum or minimum for a minimum of - 3 days).
Based on the available options, and we will trade on the strategy, depending on the situation on the forex market.
1. In the same way as in the above-mentioned strategy "10 points ..." we'll put 2 pending orders at the highs and lows of the previous day - 1 st in each direction.
2. Set profit target level of 25-40 points.
3. Set stop loss at 15-20 points.
4. Important: pay attention only to the 1st intersection high or low during the trading day (ie vsluchai order closing the stop-loss or profit, the order of the day is no longer available!)
5. Once the price breaks the high or low level, and passed him a fixed number of items - such as 10-15 (depending on the chosen currency pairs), we will rearrange our stop-loss orders at the open level bezubytka (or record profits, while ensuring that a / 2 sledki and the rest of the remaining transactions to transfer to breakeven).
6. Once the order is repositioned to zero and shut down half of the transaction - and at the same level (the level of the opening of the transaction - see Figure 2 - thick blue line) are putting another order, but now in the opposite direction (if initially exhibited BAI, we put CELL and vice versa), raschittyvaya the fact that there was a retreat from this level, rather than his penetration.
WARNING:
- If there is a correction, the trend, then a few days may not work pending orders in the direction of the main motion, and usually after the correction, there are strong movements in the direction of the trend (see Figure 3), that is, the candle body the next day perekvyvaet highs / lows of candles korektsionnyh . Based on this - did not work for one day a warrant order will not remove the same day and 2 days after their installation. But if one of the three orders worked, at the end of the day remove all nesrabotavshie warrant in this direction (to buy or villages).
- Also, it makes sense to put flip the order (as in Figure 2) only in the breakdown of extremes only the previous day. If you worked for one day only one order of 3 orders buystop (or sellstop), the other two orders put in the same direction remove!
- If triggered take profit first order breakdown, then remove the warrant a reversal!
No comments:
Post a Comment