forex "Expanding volatility» strategy

Forex Strategy "Expanding volatility" - another simple forex breakout strategy for pending orders Buy Stop and Sell Stop, set the level of which are determined by a very simple formula, depending on the volatility of yesterday's trading day, the recommended currency pairs for trading: GBPUSD, EURJPY.

• I recommend to choose Forex trading platform with DC Metatrader 4.
  Pending order to buy set by the following formula:
  
  Buy Stop = price of today's market opening to + 70% of yesterday's daily candle + value spread for the chosen currency pair.
  Stop Loss = 50% of the daily value of yesterday's candle.
  
  Pending orders for sale are set as follows:
  
  Sell ​​Stop = Price of today's opening of the market - 70% of yesterday's daily candle
  Stop Loss = 50% of the daily value of yesterday's candle.
  
  To calculate levels of pending orders and stop-loss Use Daily Volatility Breakout.mq4 indicator - download it together with a template for Metatrader 4 can be at the end of this forex strategy.
  
  See example below:
  
  As soon as the profit on the transaction amount to 50 - 70 points - would recommend to rearrange stop-loss level bezubytka. And further, if desired, you can use a trailing stop at the same distance - 50 points.
  
  Take Profit is not installed, and the closing of the transaction takes place at the close of the day or the trailing stop.
  
  Additions:
  
  1) All pending orders are not triggered during the day must be removed at the closing day candles!
  
  2) If one of the orders worked, then the second also deleted!
  
  Download forex indicator for MT4 - Daily Volatility Breakout.mq4
  Download a template for MT4 - daily_volatility_breakout.tpl
  Download the report on the work of forex strategy "Expanding volatility" in the .xls file - VolatilityExpansionBacktest.zip