Forex strategy «Juicer» got its name due to the fact that allows to squeeze almost all the «juice» from the current trend, and input method for this strategy was the basis for many policies, but also the original of its kind continues to be profitable, and without any effort on the part of the trader. Also an important factor is the fact that the strategy is applied on the daily charts (D1) — it allows the trader to do other things and only once a day to control or monitor the available positions in the search market entry points.
Some statistics:
Over the past two years (2014 and 2015 through December) strategy has shown results on one currency pair (eur / usd) +4400 points (4-digit quotes). The maximum drawdown was -320 points (4 consecutive negative transaction).
Time interval — D1.
Currency pair — multicurrency strategy, but we recommend EUR / USD, while the other pair better double-check.
The indicators are not required.
Conditions for BUY forex strategy «Juicer»:
1) After the candles with a black body formed by two consecutive white candles.
2) The closing price of the second white candle is above the maximum price of the first white candle. (If this condition is not satisfied, in order to obtain the signal will have to wait for the formation of even a single candle with a black body.)
3) At a distance of 5 pips above the high of the second white candle set break-order buy stop.
4) Stop loss is set for a minimum of two white candles, but no more than 80 points and at least 45.
5) Take profit is equal to 500 points.
6) If at the time of closing the transaction in the fourth day after the entry price has been positive, it should be transferred to breakeven. If the price is in the negative area, then close the deal on the market price.
7) After completing 200 points in the positive zone deal punishable by treylin-foot in the amount of 200 points, and in increments of 50 basis points (ie, the trailing stop 200 points, but every 50 points (on reaching 250 points) tightens it at a distance 200). Good fit this simple trailing stop (but manual orders Majik number necessary to register = «0»)
8) Transactions in the same direction can be seen, despite the open orders, but only if the active warrants at the time of receiving another signal has already been translated into the black.
Conditions for SELL on «Juicer» strategy:
1) After the close of the candle with a white body and formed the main closed two consecutive D1 black candles.
2) The closing price of the second black candlestick is below the lowest closing price of the first black candle. (If this condition is not satisfied, to obtain a new signal will have to wait for the formation of even a single candle with a white body.)
3) At a distance of 5 pips below the low of the second closed the black candle set break-order — sell stop.
4) A safety Stop loss order is set for a maximum of two black candles, but no more than 80 points, and not as not less than 45.
5) The order of profit taking — take profit set at a distance of 500 pips from the entry point or a pending order sell-stop.
6) If at the close of the fourth day candles, after entering into a transaction, the price is already in the positive zone, then it should be transferred to breakeven (rearranged to zero). If the price is still in the negative zone, the deal closed at the current market price.
7) After completing 200 points in the positive zone deal punishable by treylin-foot in the amount of 200 points, and in increments of 50 points.
8) Transactions in the same direction (for sale) may be considered, in spite of the existing open orders, but only if the active warrants at the time of receiving another signal has already been translated into at least breakeven.
The template does not attach, because the graph only building and there are no indicators for MT4.
