Forex strategy «ChaSyBi» refers to explicit trend trading systems. Inside a strong trend, it allows you to make good money. However, at the moments of flat movements, you will have to be a little patient and even long (but not deep) drawdowns are possible. Due to rather picky conditions (filters), signals for this system are not formed as often as we would like.
Statistics:From April 2020 to April 2021, the strategy showed a positive result of +2250 points. The maximum drawdown was 215 points.
- Time interval — H1.
- Currency pair — GBP/USD; GBP/JPY.
- Alligator indicator with 13 periods; 8; 5 and with a shift of 8; 5; 3.
- FractalsLine indicator.
- ACAO indicator in AC mode
- ACAO indicator in AO mode
Conditions for purchases using the «ChaSyBi» strategy:
1) ACAO LEDs are green in both modes.
2) During the movement, ACAO(AC) changes its color to red.
3) The ACAO indicator stays green all the time.
4) Then the ACAO(AC) indicator turns green again.
5) It is the same candlestick that should have a white body.
6) It is on the same candle that the «mouth» of the Alligator indicator should be fully opened. That is, all lines should not touch each other and should show growth relative to their previous mark.
7) Exception: only if the central line is below the lower one (bold blue) you can wait for another candle signal, provided that the rest of the signals are preserved.
8) At the opening of the next candle, a buy deal is concluded.
9) Stop loss is set below the bottom line of the FractalsLine indicator, but not less than 35 points and not more than 45.
10) After passing 30 points in the positive zone, the transaction is transferred to breakeven.
11) Take profit is set at 100 points.
12) Upon receipt of a repeated signal in the same direction, the signal can be considered only if the previous transaction has already been moved to breakeven.
Sales conditions:
1) ACAO indicators in two modes are red.
2) During movement ACAO(AC) changes its color to green.
3) The ACAO indicator remains red all this time.
4) After that, the ACAO(AC) indicator turns red again.
5) It is the same hourly candle that should be with a black body.
6) And on the same H1 candle, the “mouth” of the Alligator indicator should be fully opened. That is, all moving average lines should not touch each other and should show a decrease relative to their previous mark.
7) Exception to the rule: Only if the central line of the alligator is above the upper one (bold blue), you can wait for another H1 candle signal, provided that the rest of the signals still remain.
8) At the opening of the next hourly candle, a sell trade is opened.
9) Large loss insurance order — stop loss is set above the upper line of the FractalsLine indicator, but it should not be less than 35 points and not more than 45 points.
10) After the price passes 30 points in the «+» zone, the transaction is transferred to the breakeven point.
11) We fix the deal at the take profit, which is set at a distance of +100 points from the market entry point.
12) Upon receipt of a repeated signal in the same direction (to sell), a signal to enter the market can be considered only if the stop loss of the previous transaction has already been moved to breakeven — the point of opening the transaction.
Video version of the forex strategy «ChaSyBi»:
- Recommended to watch with English subtitles!
- Download indicators for MT4 — ChaSyBi-indicators (archived).
- Download template for Metatrader 4 — chasybi-tpl (archived).
- +278.83% (17400 points) for 12 months for the GBP/USD pair — Forex strategy test «ChaSyBi» ➜
