forex "Turn curry" it is a long-term strategy and is designed for traders who want to trade in the direction of the positive Curry (or other Slovan earn raznetse interest rates, or in other words in the swap).
To trade on the forex strategy is only suitable Carry-currency pair, ie, currency pairs that have a large difference in discount rates - for example: AUDJPG, NZDJPG.
Although the forex strategy at the time of the global crisis and slightly lost its relevance, but even so I think it is necessary to tell about it on its website. Moreover, the global crisis will not last forever, and I hope in the near future, the strategy of "Turn on Curry" will again be popular.
Trade Principles for forex strategy "Turn curry":
Remember, you need to trade only in the direction of Curry, ie percent positive direction. For example, if the Australian dollar (AUD) gives a higher percentage than the Japanese yen (JPY), for the currency pair AUDJPY traded only in the long side. Similarly, if the British pound (GBP) is of great higher rate than for example the euro for the currency pair EURGBP - should only trade the short side. Ie the basic rule is that the forex trader should enter into transactions only in the direction of the currency pair with a higher interest rate at the moment.
When trading on the strategy of "twist on curry" should be used only daily charts and indicator Bollinger Bands with parameters 2SD (standard deviation) and 1SD. Dunn's time span is needed to help the Forex trader to earn a daily overnight (SWAP), while remaining on the profitable side of the trend in the market. In addition, since We primarily look for the deeper trend reversals, the breakthrough Bollinger 2SD-1SD zone is a must for trading signal to a deal. And after that follow the basic rules for the setup mode "twist on curry."
Opening of the transaction for the purchase of:
(Opening track, if the base currency of the currency pair under consideration is of great interest rate)
1. Place on D1 schedule for the chosen currency pair 2 sets of indicator Bollinger bands. 1 pair of Bollinger Band should have installation 2SD, and the 2nd pair of Bollinger bands should be installation - 1SD.
2. When the market price breaks through and closes above the lower channel Bollinger 2SD-1SD, enclose an equal volume 2 deals to buy at the market price (eg 1 Lot 1 Lot) - if your deposit does not allow such trade volumes - or recommend to open micro- cent accounts forex.
3. Place a safety stop-loss at a minimum of fluctuations minus 5 pips and calculate your risk of prisoner deal (transaction risk = The opening price of the transaction - Price fixed stop-loss).
4. Set profit target for the 1st open the lot on the level of 50% of the resulting "risk of the transaction" (ie, if your risk of prisoner deal 100 points, then place the profit target for the first of them at a distance of 50 pips from entry points).
5. Move the stop-loss to "zero" (breakeven point), when the market reaches the 1st profit target.
6. Close the deal on the 2nd lot, as soon as the market price closes above the upper boundary of 2SD Bollinger band indicator either in the break-even point, depending on the market situation.
Opening of the transaction for sale:
(Opening track, if the base currency of the currency pair is considered a lower interest rate)
1. Place on D1 schedule for the chosen currency pair 2 sets of indicator Bollinger bands. 1st pair of Bollinger bands should be indikatara with 2SD parameter, and the second pair of Bollinger bands - 1SD.
2. When the market price breaks through and closes below the upper channel Bollinger 2SD-1SD, enclose an equal volume 2 deals to buy at the market price (eg 1 Lot 1 Lot).
3. Place a safety stop-loss at the maximum level of vibrations plus 5 pips and calculate a resulting risk of the transaction (the transaction risk = The opening price of the transaction - Price fixed stop-loss).
4. Set profit target for the 1st open the lot on the level of 50% of the resulting "risk of the transaction" (ie, if your risk of prisoner deal - 100 points, then place the profit target for the first of them at a distance of 50 pips from the point of entry).
5. Move the stop-loss order to breakeven when the price reaches vashshey first profit target.
6. Close the deal on the 2nd lot, as soon as the market price closes below the lower limit of 2SD Bollinger band indicator either in the break-even point, depending on the market situation.
