The breakdown of the price level or range, or "box" is often a chance to make good money, but the problem is the precise definition of these levels and entry points.
Some statistics:
During 2014 strategy allows earn around 1,450 points on the four-digit broker. Only one month was closed with a minus, though it was purely symbolic - 10 points. Like most of the breakdown of strategies, the strategy of "explosion" is very easy to use.
Currency pair - GBP / JPY
Track convenient 15 minute chart.
The strategy we will use the term "box" - a price range bounded by 2 horizontal and 2 vertical lines, and that's how they should be built:
Vertical: is the time period from the close of the US market, and prior to the opening of the Asian - is from 17:00 to 20:00 New York time (this is currently 00.00 - 3.00 on the Alpari).
Horizontal: The maximum and minimum values for the period of time (on the tails of the candles).
Options transactions:
Example triggered buy orders:
1) After forming the "box" at the three points above the high set order «buy stop», and three points lower than the minimum established order «sell stop».
2) Stop-loss orders set in both of the opposite side of this price range.
3) With the passage of the distance in the positive zone in the amount of the transaction price range should be transferred to breakeven.
4) Income is fixed at a distance equal to two dimensions of the price range, at the break of which we were in the market.
Get the stop loss is 2 times less than the profit, therefore the rules of Money Management we have made!
Example triggered sell orders:
Additions and filters to forex "explosion" of the strategy:
1) After the operation of one of the orders, the opposite of the order should be removed! (For those who like to raise rates in the opposite direction! The price is only one of the three cases, after triggering stop orders continues to move. In other cases, the price moves in a lateral movement.)
2) If none of the orders was not activated within three hours after installation (from 20:00 to 23:00 New York time), then both orders should be removed.
3) If the price range of more than 100 points, then in this day should not do anything.
4) If at the start of the next time interval (17:00 New York) the transaction is in the positive area, it should be translated into the black in any case. If the price at that time is stored in the negative area, then the transaction should be closed at the market price.
5) You can also put a deal on a trailing stop at a rate equal to the stop-loss. However, when this test method has not been applied.
6) If the range is less than 20 points (to 4 digits), then that day trading is not conducted.
Переводчик Google для бизнеса –Инструменты переводчикаПереводчик сайтовСлужба "Анализ рынков"
