Forex strategy «Rocket» is very easy to use. It does not use indicators at all, and the signals are formed only by the trend of the highest order, which gives a good chance of making a profit. This trading system is designed for one currency pair, but it is possible that it can work with other pairs (we have not tested).
Statistics:
From September 2018 to September 2019, the strategy showed a positive result in the region of +160%. Recommended risk per trade is 3% of the initial deposit.
- Currency pair — GBP/JPY
- The senior time interval is D1.
- The younger time interval is H1.
- There are no indicators.
Conditions for BUY transactions using the Rocket trading system
1) On the daily interval, the next candle closes with a white body. The upper tail is insignificant and definitely smaller than the lower one.
2) The next day, a buy signal is expected on the hourly interval.
3) On the hourly chart, you need to wait for the formation of a confident candle with a white body first, and after it a candle with a tail from below should form. Between these two candles there can be only one candle and not having significant dimensions. Also, this candle should not be a jack-off with a tail on top.
Here are the options for buying candle combinations:
4) As soon as the desired combination of candles is obtained, a buy deal is concluded.
5) Stop-loss is set under the low of the day (or under a more pronounced low, but exactly below the low of the day). Stop should be no less than 55 points and no more than 100 (all points are given in the calculation for 4 digits)..
6) After passing in the positive zone a distance equal to the stop-loss order (at least 60 points), the transaction is transferred to breakeven.
7) Take profit is 3 times the stop loss order.
Conditions for sales
1) On the D1 interval, the daily candle closes with a black body. The lower tail is insignificant and definitely smaller than the upper tail.
2) The whole next day, a sell signal is expected on the H1 interval.
3) On the H1 chart, it is necessary to wait for the formation of a confident candle with a black body first, and after it a candle with a tail on top should form. Between these 2 candles there can be only 1 candle, and then it does not have a significant size. Also, this candle should not be a jack-off with a tail below.
Here are the sales candle combinations:
4) As soon as the desired combination of candles has been received on the market, a sell deal is concluded.
5) A safety stop loss order is set beyond the high of the day (or above a more pronounced high, but exactly above the high of the day). Stop must be no less than 55 points and no more than 100 points.
6) After the price in the «+» zone passes a distance equal to the size of the stop loss (not less than 60 points), the transaction is transferred to the breakeven point.
7) Profit taking order — take profit must be 3 times the stop loss order.
Video on the conditions of the Forex strategy «Rocket»
- Recommended to watch with English subtitles!
and video-2:
- There are no indicators and no template, because the strategy is indicatorless.
- Test for 12 months: +216,72%, details — Here >>
