Trading strategy forex trading (trading system) PROFIT v.2
Recommended currency pair to trade on the trading system — GBP / USD (since it is volatility). Trade is 0.1 lot per every $ 400 deposit *.
* — Open a forex trading account with only a recommended forex brokerage firms, as These companies really checked on my personal deposits (each has its pluses and minuses, but they return the money and with fewer problems in the trade).
The strategy of trade Forex PROFIT v.2:
At 10:30 am Moscow time (ie, opening european session 30 minutes) are putting two pending orders:
1) BuyStop — to the maximum price (+1 point) of the current day.
Stop-Loss set at the minimum price (-1 point) for the current day.
Take-Profit is defined as follows:
construct a Fibonacci line from the maximum price of the current trading day to a minimum price of the current trading day (as of 10.30 am) and take as the target Take-Profit-price and the value of 161.8% Fibonacci line of current constructions.
2) SellStop set at the minimum price (-1 point) of the current trading day.
StopLoss set to the maximum price (+1 point) of the current trading day.
Take Profit is defined as follows: We stretch Fibonacci lines from the minimum value of the current trading price of the day to a maximum value of the current trading price of the day (at 10:30 am)
and take as Take-Profit-price and the value of 161.8% Fibonacci line of current constructions.
If the position is not closed till 00:00 Moscow time — close it.
All non-pending orders (not open) is removed.
If at the time the trading order, at 10:30 maximum price equal to the current value of the price or the minimum price the current trading day, we put a pending order to the minimum possible distance from the current market price (depends on the DC — this is usually 3.10 points), or wait for the rollback, and only then set the order, or immediately opening a trading position with hands at the current market price.
If at the time of placing pending orders, at 10:30, the price difference between the minimum value to the maximum price a lot more 50 — 70 points (ie, motion is defined as «strong), then this day do not trade at all, or sell only on a trend with Take Profit-om 20 — 30 points.
That’s the whole strategy PROFIT v.2 …
