Forex Strategy "Morning Range" is based on the breakdown of the range, which is usually formed in the off- peak hours trading on the forex market - from 00:00 to 6:00 GMT, in this period, on condition of formation channel.
For trade suitable pair - EUR GBP. Timeframe - M5- H1.
At 6:01 GMT, need to place a pending order on breakdown BUY STOP range at the upper boundary formed channel + spread size and the pending order SELL STOP at the bottom of the channel formed granize + spread for the size of the selected currency pair. For installation and maintenance can be vospolzovatsyaTreyling stop of 1 point.
Pending orders must be put in equal amounts. When you open one of the pending orders, the lot size on the opposite side is increased by 2 times. Then build Fibonacci level of 161.8% would be the level of the desired take-profit.
A safety stop-loss order is located on the other side of the formed channel.
In case of closing the 2nd increased 2-fold warrant on stop-loss - open transactions on that day no longer need.
If the pending orders are not opened until 17:00 Moscow time - to delete the order.
If the price does not fit into the channel and do not try At least one of them - it is possible to install pending orders later. (This is the case if you have not had the opportunity to be at the trade terminal in 6 am GMT)
Well, if you could not enter the market at pending orders, we conclude a bargain at the market price in the direction of penetration of the range!
At the moment, you can use it for free and try to choose their own parameters on the EURGBP currency pair or any other currency pair Warning: Forex Advisor previously sold in the store Plati.ru and was removed from the sale of 4.11.2010, as the market has changed and forex advisor Morning Range stopped giving a stable result.
