Forex Strategy «Increasing volatility»
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It is recommended to choose a Forex broker trading platform Metatrader 4.
Favorite orders to buy are installed by the following formula:
Buy Stop = today’s opening of the market price + 70% of yesterday’s daily candle + value spread for the chosen currency pair.
Stop Loss = 50% of the value of yesterday’s daily candle.
Favorite sell order sets the following formula:
Sell Stop = price of today’s opening of the market — 70% of yesterday’s day candles
Stop Loss = 50% of the value of yesterday’s daily candle.
To calculate the levels be placed pending orders and stop-loss, use indicator Daily Volatility Breakout.mq4 — download it along with a template for Metatrader 4 can be at the end of this strategy forex.
Example look at the picture:
As soon as the profit on the transaction amount to 50 — 70 points — recommend rearrange stop-loss level in «zero». And further, if desired, you can use a trailing stop at the same distance — 50 points.
TP is not installed, and closing of the transaction occurs at the close of the day or at the trailing stop.
Extras:
1) All pending orders did not work during the day to REMOVE the closing day candles!
2) If one of the orders worked, then the second also clean!
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Download forex indicator for MT4 — Daily Volatility Breakout.mq4
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Download a template for MT4 — daily_volatility_breakout.tpl
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Download the report on strategies for forex «Increased volatility in. Xls file — VolatilityExpansionBacktest.zip
The report «a little» bit old, but still adds another «+» for this strategy …
Thanks a lot for posting this. Instead of closing the trade on the next day, Is it not better to move the stop loss to the 70% value of the previous day candle just to ride the trend. I think this strategy is similar to «Buy on break out of previous day high, Sell on break out of previous day low».
Do you have an EA for this? I just want to backtest it further with other pairs.
Thanks,
Giri,
No, I do not have the Advisor on the Forex Strategy
hello,
Can modified the indicator insted of yestardays range, ATR X days .
The bands i want to use as a statystic.