Forex Strategy «Mandrake» allows you to enter the market at the moment of trend change (regardless of whether the trend after consolidation resumes, or we will get a new direction), and does this change is often at a time when the price after a sharp spurt in the counter trend movement is consolidating some time and begins to move in a new trend, or is completing the correction and continues to move within the prior trend.
For trading with MT4 Broker Pick up from rating >> - more than 800 real customer reviews!
This forex strategy is designed for a 15 minute chart, and for this reason we did not test very much longer period.
Some statistics:
Over 1 month for this strategy can get more than 30 signals. Frankly, the results were so impressive that somehow did not even declare themselves a profit, but in any case we recommend that you still have time to check further. According to the currency pair EUR / USD from December 1, 2015 on February 18, 2016 godastrategiya showed the result of about 1000 points, that is, it is about 300 points per month (4-digit quotes).
Timeframe - M15
The currency pair - EUR / USD, GBP / USD, AUD / USD, USD / CHF.
Indicators:
1) Indicator MA_Angle with parameters 34; 1; 4; 0.2; 6; 0.
2) indicator Mandrake iTrend with parameters 2.0; 0; 0; 20; 0; 13; 0.
3) Indicator Mandrake Stochastic with parameters 8; 3; 3.
Conditions for entry to BUY on the rules of Forex Strategy «Mandrake»:
1) MA Angle indicator should turn green. (For a snooze in the same direction indicator must first be repainted in any color, and only after the next color in the green, you can wait for a buy signal).
2) Mandrake iTrend indicator should be blue.
3) Indicator Mandrake Stochastic should be blue.
4) The signals may be obtained gradually, that is not necessary for them to receive the same candle.
5) At the opening of the next candle is the deal on the purchase.
6) Stop-loss is 25 points.
7) After passing the 25 points in the positive zone deal translates to breakeven.
8) Take-profit is 60 points.
While there is an active warrant, other transactions are not considered.
IMPORTANT! The first month of the signal in any case, to trade, even if you already have an open transaction (the transaction is not closed).
Conditions for sale in «Mandrake» Strategy:
1) MA Angle indicator should turn red. (For a snooze in the same direction indicator must first disguise any other color, and only after the next in red color can expect to sell signal).
2) Mandrake iTrend indicator should be red.
3) Indicator Mandrake Stochastic should be red.
4) The signals may be obtained gradually, that is not necessary for them to receive the same candle.
5) At the opening of the next candle is the deal on the sale.
6) Safety stop-loss is 25 points.
7) After passing the 25 points in the positive zone deal is translated into the level of opening - breakeven.
8) The order of profit taking profit target is 60 points.
As long as there is open order, other transactions are not considered.
IMPORTANT! The first signal of the month in any case it is necessary to trade, even if you already have an open transaction at the time.
