Strategy forex «Fox» is quite excessive risks and this fact must be considered when you turn it into your trading set (portfolio) — the ratio of profit / stop loss in transactions is sometimes not in the trader’s favor, but the high accuracy of the signals at the entrance to the market and additional filters still allow this strategy to be profitable.
Some statistics:
During 2015 the strategy has shown results in the area of 1400 points (4-digit quotes), and the negative was only one month, and then with the index — 15 points, which can be regarded as a month with zero. Also alerted and the fact that when the stack size of the lot size will not change, and stop in turn can be either 25 points, or all 70. However, as we have seen, it does not have a negative impact on the final result.
Time interval — H1.
Currency pair — any, multicurrency strategy, but the results presented above were obtained on the currency pair EUR / USD.
Indicators used in the forex strategy:
1) Indicator Fox Pivot
Terms of BUY for «Fox» strategy:
1) After the price went below and was already above the orange line of the indicator (the center line) we are waiting for the breakdown of the first line of resistance (the lower blue line).
2) As soon as the next candle closes above the first blue line is the deal on the purchase. Moreover, the signal candle should have a white body.
3) IMPORTANT!
A) Prior to the blue line to the second entry point distance should be greater than to the first.
B) At the entrance point to the first line of the distance should not be more than 15 points.
C) The objective should not be less than 12 points.
If at least one of the above-described conditions is violated, the transaction is ignored.
4) After the above the orange line, you can search the point to buy just after the first break of the first blue line.
5) If the signal for some reason were ignored, then the next exit above the blue line we have to wait for another and forming baffle candles and only then enter the market.
6) Stop-loss is set below the orange line.
7) Take Profit is set on the second blue line on the corresponding signal value of the candle.
8) Never take profit or stop loss in the future does not change, even if those lines have changed their values.
9) If the entry price of 4 candle closes below the first blue line and the deal is still in the red, then it should be closed at the market price.
10) If the second blue line changed its value and its price has already reached, while not yet reached the target value, then the transaction should be transferred to breakeven.
Conditions for SELL of forex strategy «The Fox»:
1) After the price went above and was already below the orange line of the indicator (the center line) we are waiting for the breakdown of the first line of resistance (upper red line).
2) As soon as the next H1 candle closes below the first red line is the deal on the sale. Moreover, the signal candle should be sure to have a black body.
3) IMPORTANT!
A) Prior to the second red line at the time of entry into the market distance should be greater than to the first.
B) At the entrance point to the first line of the distance should not be more than 15 points (again by 4 characters).
C) The purpose of the profit should not be less than 12 points.
If at least one of the above-described conditions is violated, then the transaction should be ignored.
4) After the release of the orange line below you can search the point to sell only after the initial breakdown of the first red line.
5) If the signal for some reason, has been ignored, the next exit is above the red line, we need to wait for another and forming baffle candles and only after that to enter the market.
6) The safety order — a stop-loss set above the orange line.
7) The order of profit taking — Take Profit is set on the second red line on the corresponding signal value of the candle.
8) Never take profit or stop loss in the future does not change under any circumstances, even if those lines have changed their values.
9) If the entry price of 4 candle closes above the first red line and the deal is still in the red, then it should be closed at the current market price.
10) If the second red line changed its value and its price has already reached, while not yet reached the target value, then the transaction should be transferred to the zero level (move stop loss to zero — in the price of open orders).
Download indicator — Fox_indicator (archival)
Download the template MT4 — lis (as in archive)
