To trade forex strategy «Intraday setting 100%» to the daily chart of any currency pair to set up 2 simple indicator forex, which is standard present in any trading platform Metatrader 4:
- simple moving average with period 20 (SMA 20)
- as well as 2 sets of Bollinger Bands (Bollinger Bands) with the parameter deviations 2 SD and 3 SD.
Rules for opening transactions for the purchase of forex strategy «Intraday setting 100% as follows:
1. on the daily price chart to publish a 20-period moving average, SMA, and make sure that the price (closing) is above this simple moving average.
2. are the only bargains to buy in the direction of the trend.
3. Next you need to go to watch the price chart and on it put 2 sets of Bollinger Bands indicator. 1 st couple Stripes Bollinzhdera has parametrotkloneniya in 3SD, and the 2 nd pair of Bollinger bands is a parameter deviations 2SD.
4. when the price carries a breakthrough in the market down and closes above the channel bottom indicator Bollinger Bands 3SD-2SD on the hourly price chart — provide input into the market.
5. stop-loss order placed on a level swing low minus 5-10 pips and calculate the risks of the transactions performed (risk = the price of entering the market — the level of stop loss orders).
6. Then set the profit target (Take-profit) for the first 50% of the transaction at a distance of 50% of the resulting risk (ie, if your risk, such as 40 points in the transaction, then you commit a profit of 20 pips higher than the price entry into the market).
7. Once the first profit target was reached, the stop-loss order on the remaining part (the second 50% of the transaction) are transposed to break even (at zero). Just completely for the second part of the transaction, you can use a trailing stop.
8. closing of the second part (50% of the transaction) the trade position is, once the price closes below the upper channel indicator Bollinger Bands 3SD-2SD, if this happens close the deal on stop-loss order to break-even level.
Rules for the opening transaction for the sale of forex strategy «Intraday setting 100% as follows:
1. on the daily price chart to place the 20-period moving average, SMA, and make sure that the price (closing) is below the simple moving average.
2. are only bargains on sale in the direction of the current trend.
3. Next you need to go to watch the price chart and put it on two sets of Bollinger Bands indicator. 1 st pair of Bollinger Bands with the parameter deviations 3SD, and the 2 nd pair of Bollinger bands with the parameter deviations 2SD.
4. when the market price does break up and closes below the channel of the upper band indicator Bollinger 3SD-2SD on the hourly price schedule — produce entering the market for sale.
5. Stop-loss order have a higher maximum oscillation plus 10.5 pips and then calculate the risk of prisoner deal (risk = entry price in the market — a level fixed stop-loss orders).
6. profit target (the desired take-profit) for the first 50% of the transaction is at a distance of 50% of the amount of exposure (ie, if you, for example, risking 40 pips on this trade, we should close the first 50% of the transaction on 20 pips below the entry price in the market).
7. Once the first profit target was reached, the stop-loss order on the remaining 50% open trading position moves to break even (at zero).
8. closing of the second part of the trading position is, once the price rose above the lower channel indicator Bollinger Bands 3SD-2SD, if this does not happen until close to the stop-loss order at a level exhibited break even.
This forex strategy is no longer a single dose was tested in the real market and works very well! The main thing, of course, do not forget about the position of market prices relative to day SMA 20.
