Daniella Forex strategy is based on the fact that after the compression of volatility in the forex market, this volatility is always subsequently expanded; Trade is conducted on day intervals (D1), the currency pair - any.
On the schedule for the chosen currency pair, you must put 2 forex indicator:
1) the ATR indicator (2) - is present in every terminal MT4.
2) indicator i-Daniella.mq4 (arrow indicates the day, above or below which you want to put a pending order)
If you think your deposit forex is not so great, to trade at daily intervals - I recommend to open a cent account forex.
We conclude a deal to buy:
If the present rate indicator ATR (2) more than its previous value of yesterday's trading day, while yesterday's value of the ATR indicator (2) is less than the day before yesterday his own importance. A closure segodnyaschney candles more than its opening.
If these conditions are met, it is necessary to place a pending order to buy (Buy Stop) above the current maximum price + value spread for the chosen currency pair. For simplicity, these days (over which you want to place an order) will be highlighted in blue on the chart arrow.
We conclude a deal to buy:
If the present rate indicator ATR (2) more than its previous value of yesterday's trading day, while yesterday's value of the ATR indicator (2) is less than the day before yesterday his own importance. A closure segodnyaschney candles less than its opening.
If these conditions are met, it is necessary to place a pending order for sale (Sell Stop) below the current minimum price + value spread for the chosen currency pair. For simplicity, these days (below which you want to place an order) will be highlighted in red on the chart arrow.
Safety stop-loss is placed at a minimum (for transactions for the purchase) or maximum (for transactions on sale) candles today.
If the pending orders until the next day is not active - they should be removed!
As soon as the profit on the transaction is 50 pips, you must move the stop-loss level bezubytka 10 points. Then - at the request of either using a trailing stop at a distance of at least 40 - 50 points (depending on the chosen currency pair) or close the deal on stop-loss (positive, negative, or well).
The same transaction can close on the opposite signal (a few days), or at the end of the trading day.
