Forex Strategy "WPR is" well confirms the statement: "the simpler strategy is better", and it is based only on one forex indicator signals and clear rules of entry and exit, and this indicator is difficult to be attributed to the widely used by traders. As advantage of this system is its time slot - daily chart. The trader is required only at the close of the trading day be given 5-10 minutes to analyze the situation, and possibly of the order. Despite the daily interval, the signals are not that rare.
Some statistics:
Over 2015 signal was about 40. Over the same period has shown a profit a little more than 2000 points (4-digit quotes). The maximum drawdown was 270 points.
Time interval - D1
Currency pair - GBP / USD.
Indicator:
1) Williams' Percent Range (available in MT4 terminal by default) with a period of 14 and added three levels: -10; -50; -90.
Terms of shopping for forex strategy «WPR»:
Option A) at the close of the next candle light crossed the level 50 upwards.
At the opening of the next candle opens the transaction for the purchase.
Option B) light after being above the level - 90 is lowered under it, but does not reach the level of - 50. If the signal candle closed with a white body, is already on its closing of the deal is to buy. If, however, this candle will be a black body, you should wait for another candle. If it is closed with a white body, it will be possible to enter the market, but if not, then the signal is no longer considered to form a new signal from the indicator Williams' Percent Range.
Stop-loss is 50 points.
If the next candle closed in negative territory, the deal should cover at market price (exception can be made for candles in the form of a doji on our side)
If the price is in positive territory, but the next candle closes with a black body, the transaction is transferred to breakeven.
Profit target is set at a distance of 250 points.
Conditions for sale in «WPR» strategy:
Option A) at the close of the next candle light crossed your level 50 from top to bottom.
At the opening of the next candle opens daily deal on the market.
Option B) light after being below the level - 10 is above it, but does not reach the level of - 50. If the signal candle closed with a black body, is already on its closing of the transaction is for sale. If this candle will have a white body, you should wait for another candle. If it is closed with a black body, it will be possible to enter the market, but if not, then the signal is no longer considered to form a new signal from the indicator Williams' Percent Range.
Safety stop-loss for a transaction is equal to 50 points.
