Forex Strategy «BAT ATR + Fibo»

Forex Strategy «BAT ATR Fibo» — a simple break-trade system, something similar to the strategy of forex The Bat (Die Fledermaus), founded it on the display Bat ATR and important Fibonacci levels, the currency pair — any recommended timeframe — from 15 minutes ( M15) and above

On the schedule for the chosen currency pair set:

• LED BAT ATR v1.ex4 (ATRPeriod — 1, Factor — 6, BackPeriod — 100000) — you can download it at the end of forex strategy.
• Fibonacci tools with the following levels:
  • 0 — 0
  • 0.5 — STOP-LOSS
  • 0.618 — LIMIT-ORDER
  • 1 — DEFERRED STOP-ORDER
  • 1.382 — shifts in the breakeven
  • 1.618 — TP1
  • 2 — TP2
  • 2.618 — TP3

For ease of installation and configuration indicator Fibonacci — Use a template for Metatrader 4 — you can download it at the end of this forex strategy.

Terms and Conditions for purchasing on forex strategy «BAT ART Fibo»:

1. Price breaks the green line indicator BAT ATR v1.ex4 and it changes its color to red and «jump» on the price.

2. After closing the first candle after the breakdown of Atr, build Fibonacci — from point 1 to point 2 (the nearest local minimum).

3. Set 2 pending orders (equal to the lot — for example 1.0) Buy Stop at 2-3 points higher than point 1 (level — pending STOP — Order «)

4. At the level of «Limit — an order» sets a warrant — Buy Limit (the same amount — a lot).

5. Stop-loss for the 3-position place on 1-5 points below the «STOP-LOSS».

6. Take-profit for each item set at the following levels:

• Limit-order — at TP1
• and TP2 and TP3 — respectively the 2 nd and 3 rd order Buy Stop.

7. Once the price reaches a level of «shifts in the breakeven» — all 3 orders swap to zero (ie the purchase price — to limit this to the level of point 3, and for buy-stops — the level of point 1).

8. As only 2 orders have been closed at the levels of TP 1 and TP 2, move the stop-loss on the 3 rd warrant the level of TP1.

In Figure 1 you see an ideal (opened 3 orders — a limit, and 2 stop and buy all 3 of them are closed on take-profit). In fact is not always open 3 orders, sometimes remains limit orders, or he closes the stop-loss (which is very small in this case).

If the price level after breaking through the green line ATR does not roll back down to the close of a candle, and the next candle opens above the closing «candle penetration at point 1 — should be 2 deals to buy at market price — usually indicates a fairly strong uptrend, and it is possible that the price will not return as early as limit orders.

The conclusion of transactions on sale of forex strategy «BAT ART Fibo»:

1. Price breaks the red line indicator BAT ATR v1.ex4 and it changes its color to green and «jump» above the price.

2. After closing the first candle after the breakdown of Atr, build Fibonacci — from point 1 to point 2 (the nearest local minimum).

3. Set 2 pending orders (equal to the lot — for example 1.0) Sell Stop at 2-3 points lower than point 1 (level — pending STOP — Order «)

4. At the level of «Limit — an order» sets a warrant — Sell Limit (the same amount — a lot).

5. Stop-loss for the 3-position place on 1-5 points above the level of «STOP-LOSS».

6. Take-profit for each item set at the following levels:

• Limit-order — at TP1
• and TP2 and TP3 — respectively the 2 nd and 3 rd order Sell Stop.

7. Once the price reaches a level of «shifts in the breakeven» — all 3 orders swap to zero (ie the sale price — to limit this to the level of point 3, and for Sell-stops — the level of point 1).

8. As only 2 orders have been closed at the levels of TP 1 and TP 2, move the stop-loss on the 3 rd warrant the level of TP1.

If the price level after breaking through the red line, ATR does not roll back up to the close of a candle, and the next candle opens below the close of «candle penetration at point 1 — should conclude two deals to sell at market price — usually indicates a fairly strong downward trend and it is possible That the price will not return as early as limit orders.

In Figure 2, after the close of «candle penetration» were installed 2 Sell-stop orders, which are open to the next candle, the price has not reached the level of open limit order. All three deals were closed at 3-m take-profit!