forex "The Elephant and the Pug» Strategy
forex "The Elephant and the lap-dogs' strategy is based on Japanese candlesticks and is designed for daily charts, which allows her to pay a minimum of time, and it is very important for those who can not constantly at the monitor. It also has no indicators, and hence the beginning traders can quickly adapt to it.
Some statistics:
8 of the 10 inputs are closed with a positive result. Over the past year (July 2014-July 2015), the strategy only on three currency pairs (EUR / USD; GBP / USD; USD / JPY) showed a profit of 1890 points for the 4-digit quotes (although the use of a larger number of tools allowed) .
Time interval - D1.
Currency pair - all major currency pairs the US dollar.
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Conditions for entry to Buy Forex Strategy "The Elephant and the lap-dogs":
1) After a black candle (or candles doji) formed a white candle confident.
2) After the formation of the first white candle, we need to wait for the second white candle, which the body needs to be smaller than the first white candle and not be more than 60 points. Just closing price of the second white candle should be greater than or equal to the maximum price of the first candle (maximum of the tail).
3) At the opening of the next candle opens the transaction for the purchase.
4) Stop-loss is set at the price of opening of the second candle (if the lower tail is not far away, it is better to stop and to put under it). Minimum stop - 35 points, the maximum - 65 points.
5) After passing in the positive zone of 35-40 points translate deal to breakeven.
6) The transaction closed at the market price at the close of the first day after the entry into the market.
Conditions for entry to Sales Strategy "The Elephant and the lap-dogs":
1) After the formation of white candles (or candles doji) appears confident black candle.
2) After forming the first black candles, and must wait for the second spark black body which must be less than the first black candle body and thus not be more than 60 points. Just closing price of the second black candlestick must be less than or equal to the minimum price of the first candle (at least the tail).
3) At the opening of the next candle opens daily deal on the market.
4) Stop-loss is set above the opening price of the second candle (if the upper tail is not far away, it is better to stop and put behind him). Minimum stop - 35 points, the maximum - 65 points.
5) After passing in the positive zone deal points 35-40 must be set to the region in bezubytka.
6) The transaction closed at the market price at the close of the first day after the entry into the market.
Additions to the forex strategy:
1) Good work patterns formed on the end of the correction in relation to the previous trend.
2) There is also a version of the strategy, where transactions are concluded in the first half of the month, recorded only partially, and the rest is fixed at the end of the month (with take-profit to 400 points), but it is still more information to reflection, not call to action.
