Forex Strategy «line of balance for the USD»

Forex Strategy «line of balance for the USD» — forex trading system that is designed to trade on currency pairs related to USD (EURUSD, GBPUSD, USDCHF, USDJPY, etc) as well as the sale will occur mainly in the U.S. session, and it is based on 2 indicators: Moving Average MA Lianer Weighted and display TrendMagic.mq4, time period — H1.

This forex strategy developed and sent me Krichinevsky Dmitri, for which he thank you so much!

The strategy «line of balance for the USD» is as follows:

1) Set up on schedule for the chosen currency pair, the two indicators forex:

• Moving average Moving Average (5), the method of AI: Lianer Weighted, applied to close.
• Indicator TrendMagic.mq4 (you can download it at the end of forex strategy).

2) Then wait for the opening of the American session, and the last committed value of the indicator Moving Average (5) draw a horizontal line (preferably thicker, for example a thickness of 4 in Metatrader 4) — at the close of the candles on 12:00 GMT (at the closing of 16 hour candle on MSCs at the close of 14 hours of candles on the range of the H1 and the opening of a 15-hour candle in DC Alpari or Forex4you).

Description Figure 1: At close 14-hour candle by terminal (DC Alpari and Forex4you) establish an orange thick line at the intersection of candles with MA. We are waiting to go price for 1 hour — a 15-hour candle. Because It closed above the line, at the close of a 15-hour candle, and the opening of a 16-hour candle conclude a deal to buy! Set a stop loss and profit target.

3) Now look forward to 1 hour and wait until the Moving Average probet and closes a 15-hour candle (for Alpari and Forex4you) with which the sides of the exposed lines.

If Moving Average at the opening of a 16-hour candle (for Alpari and Forex4you) was on top of a horizontal line, then we look the color of the indicator TrendMagic, if it is blue, then enters into a transaction to purchase a fixed take-profit of about 50-70 points .

If Moving Average at the opening of a 16-hour candle (for Alpari and Forex4you) was below the horizontal line, then we look the color of the indicator TrendMagic, if it is red, then enters into a transaction to sell a fixed take-profit of about 50-70 points .

Description of Figure 2: At the closing 14-hour candle by terminal (Alpari and Forex4you) establish an orange thick line at the intersection of candles with MA. We are waiting to go price for 1 hour — a 15-hour candle. Because It closed below the line, at the close of a 15-hour candle, and the opening of a 16-hour candle conclude a deal to sell! Set a stop loss and profit target.

In other cases, the deal was concluded, and wait until you have completed all conditions to closing, if up to 14 hours the next day the deal was not zaklyueny — build a new line and sell it on!

4) In the open position set safety stop-loss order of about 70-100 points of entry into the market, just in case, if suddenly the price sharply turns around and goes in your direction.

5) Now wait, if the deal was closed with a profit, then this line is already in this day do not sell (ie, at the closing of the transaction with the take-profit, more deals are not open to this day). If the deal did not go your way then maybe 2 options of closing:

1. Close the deal with a loss at current market price, if MA crossed the line in the opposite direction and closed-hour candle.

2. Close the deal with a loss at current market price, if hourly candle closed below the indicator line TrendMagic.

6) If the first deal we have not closed on profits, then wait until the MA again crosses the same line, but for the open position again checked with indicator TrendMagic. In this lot the second transaction we have to increase by 1,3 times. Closure of the second position as either a profit of at the intersection of MA exposed line or on the indicator TrendMagic.

7) If the transaction is the 2 nd time closed with a net, again waiting for the intersection and increasing the lot of the transaction is 1.3 times, and so until the warrant is not close to profit.

But just do not recommend one day to open more than 5 orders.

Ie 5 times if we closed the deal with a minus, the 6-th time — do not open!

Usually enough to warrant second and third to close the transaction on profit.

There is also no option to open the 2 nd, 3rd and so increased transaction and wait for closing the stop-loss or profits!

Once again, if locked in profits, along this line is no longer trading on that day, and at the opening session of the American the next day, set a new line.

If it is time to open a new American session, as your order from the previous day had not yet closed, you should wait for the closing and not opening more orders that day.

Just do not advise you to trade on the forex strategy in the days when the U.S. weekend or holiday, as on the forex strategy we are trying to take the momentum that gives the American session.

If you prefer, you can try to trade on the forex strategy at the opening session by the European or Asian, but perhaps the results will be garazdo worse, because basically, the biggest impetus to trade in prices gives it the American session.

The results of expert testing Balance Line, trading on forex strategy «line of balance for the USD»:

1) Test forex strategy «line of balance for the USD» — USDJPY:

2) Test forex strategy «line of balance for the USD «- EURUSD:

3) Test forex strategy «line of balance for the USD «- GBPUSD:

4) Test forex strategy «line of balance for the USD «- AUDUSD:

Test for the currency pair AUDUSD is certainly not very stable, although profit is still there, so the trade on this pair can be optional!

Download: Report of the expert advisor Balance Line — 2009 -2010 year