Dear friends, today we look at the strategy forex "It's simple," which can be used both as an independent trading system, and as an additional tool when searching for the entry point into the market by using other strategies, it is quite simple, but this is only her a plus!
At the heart of the strategy are the classic rules of the trade support and resistance levels, but there are add-ons that allow to identify the most important levels on the chart. Big time interval (D1) allows you to pay for at least the time of trade, and a set of currency pairs at the same time providing enough trade signals.
Some statistics:
During 2015 in all of the currency pairs together (AUD / USD, NZD / USD, GBP / USD, EUR / USD, USD / CAD, USD / CHF, USD / JPY) result was obtained just over 2000 points (for 4- digit quotations). By using the recommended amount of risk per trade 5% (a stop loss of 50 points) was about 200% as a percentage of profit per year.
Time interval - day (D1).
Currency pair - AUD / USD, NZD / USD, GBP / USD, EUR / USD, USD / CAD, USD / CHF, USD / JPY.
The indicators are not used in this strategy.
input the right to buy on forex strategy "Everything simple":
1) generates the maximum price, the top point of which is formed of candles with a long tail on top and a small body (body color does not matter).
2) By highest price reversal candle draw a horizontal line.
3) As soon as the next candle breaks through this line (sample should be clear, not one or two points, and better than 10) and closes above, you must set a pending order Buy-Limit 5-6 points above the line.
4) Stop-loss is set at 50 points.
5) Take-profit is equal to 100 points.
6) If the entry price for three days and have not reached the goal, then the transaction should be transferred to breakeven.
In some situations, there are problems in determining the desired extremum and for this reason we recommend using the following filters:
1. After forming the baffle is at least one spark plug must remain below half of the movement reversal candle.
2. In lateral movements are not looking for an entry point.
3. The level is valid until such time as it is not formed below another level, suitable for the above described conditions.
Entry rules for sale of the Strategy "It's simple":
1) The price on the chart any of the currency pairs forming at least the lowest point of this minimum should be formed of candles with a long tail and the bottom has a small body (body color value).
2) By lowest price formed a reversal candle should be a horizontal line.
3) As soon as another candle D1 breaks this line (sample must be express, and not 1-2 points, and it is better if it will be even more than 10 points), and closes below, you should set a pending order Sell Limit at a distance of 5 -6 points below this horizontal line.
4) The safety order - a stop-loss set at a distance of 50 points from the point of entry or, in this case from the pending order.
5) The order of profit taking - take profit should be set at a distance of 100 points.
6) If, after the entry into the market, the price for three days and did not reach the goal of profit, the open transaction should be transferred to the level bezubytka.
In some situations, traders there are problems in determining the desired extremum and for this reason we recommend using the following filters:
1. After forming the baffle candles at least one daily candle should remain above half of the motion reversal candle.
2. In lateral movements entry point, we definitely are not looking!
3. The level for issuing a pending order is valid until such time as the above has not formed another level suitable for the above described conditions
