Modified forex strategy Pabloski
Modified forex strategy Pabloski looks something like this:
Terms of Business on the Modified forex strategy Pabloski:
1) To open a trading position to buy a look at the color indicator forex stepchoppy (SC) (it displays color bars and a column indicator forex below). If the two of them - dark blue, and the bar is located below the light blue line indicator ATR + 10 points (just below this level, but not between the green and light blue lines, the indicator ATR), we conclude the deal to close either immediately at the opening of the next bar in Figure 4 lots (lot size respectively samomtoyatelno can adjust, such as Lot 0.4, 0.04 lot, depending on the size of your trading account forex ). Figure 2 and 3 you can see 2 examples of correct input for the purchase.
Note the vertical white line and the closing of bars on the chart. These two pictures show us that disguise themselves (on the chart) and neperekrashivayuschaya (at the bottom - in the indicators window) version of the indicator forex SC changed its color to blue bar at the same time, at the same price bar. Location bar - it does not matter in the first figure to be closing the bar between green and yellow lines, the indicator ATR, and in the second picture - between orange and red lines ATR.
Thus, we conclude a deal to buy 4-trading lots at the close of the bar or at the opening of the next bar, while assuming that the downtrend is over, and started an uptrend, report it to us and told blue bars on the chart.
2. Most blue bar repaint version does not match the blue bar neperekrashivayuschey version. Until such time as we did not have neperekrashivayuschey version, we have been back testing with repainted and the results were more than satisfactory. Therefore, if we can make a deal on the same level, and, thus, neperekrashivayuschuyu version, you can repeat these results. That's why it was decided to limit sales otder at the close of the first blue bar neperekrashivayuschey version, using, in this case, to indicate the level of closing of the first blue bar commercial repaint version.
See Figure 4. The blue bars are not the same and as soon as the price closed at a price of 231.72, painted version of the old bar changed to blue, which means we had to enter the market at a price of 231.52, but we are now at a bar in front. Therefore place a limit buy order at 231.52 input costs, with 4 commercial lots, once the price has to be at 231.72 and wait until this order is executed. Your trading limit order at the bar opened at 00:00 30/03/2007 at a price of 231.52.
What happens if the market price will not return to the opening level of the transaction on a limit order? We miss a bargain? Of course not, see the description of forex strategy further.
3. Look at Figure 5. Based on the rule number 2 , at the close of trade 12:00 bar, we must set our buy order at a price of 234.05 (closing bars 20/02/2007 at 08:00). But look at the vertical white line (bar at 12:00) where the value of the indicator Forex Trend Power - 0.14 at the close. In this case, we will not be placed Limit-order for the deal to purchase at a price of 234.05, and will conclude the bargain of the 4 lots at a price of 234.97 (closing the bar trade 12:00). So, before placing limit orders for the deal to buy you should look at the value of the indicator Forex Trend Power, and if it is equal to or more than 0.14, you'll make a deal to buy at the market price at the close of the bar or at the opening price the next bar, a limit order to buy in this case, we do not need. In this example, the value of the indicator Forex Trend Power was 0.14, as the only indicator forex neperekrashivayuschy SC turned into blue.
There are situations when it becomes blue only a few bars later (see Figure 6). In this case, you must first put the Limit-order for the deal to purchase at the closing price of the first blue LED bar repaint SC, and then watch the indicator Forex Trend Power. If your limit order was opened, then you've already made a deal and no problems. If the price does not zatsipila your limit order, and the value of the indicator Forex Trend Power was 0.14 or more, then cancel this order and open a trading position at the close of the bar.
SCv1 - disguise version forex indicator (color bar indicates the price)
SCv2 - neperekrashivayuschaya version forex indicator (displayed in a separate window indicator - price chart below)
Transactions for purchase:
In all cases, the closure of the previous trading bar should be below the light blue line + 10 points. If you open a transaction on a limit order, then this corresponds to the input of the indicator SCv1. If you open a transaction on the forex indicator Trend Power, then we do not need to look at the old bar, and we are interested in only the first blue bar on the indicator forex indicator value and SCv2 Trend Power -> = 0.14.
We look forward to the blue bar on the forex inidikatore SCv2.
(1) If the corresponding bar on the indicator forex SCv1 - this is the first blue bar, or if the indicator forex TrendPower> = 0.14, (or both, and others), opening the deal to purchase. Entering the market is made.
(2) Otherwise, if the indicator forex SCv1 a previous blue bars, and forex indicator TrendPower <0.14, should be placed a limit order to buy at the closing price of the first blue bar indicator forex SCv1. < / p>
tsennovye check schedules at the close of the next bar.
- If this bar was open limit order to buy, hence market entry is made.
- If the limit order to buy is still not activated, the indicator rose forex TrendPower> = 0.14, opening the deal to buy (and also cancel the displayed limit order) - where the entry is made.
Otherwise, wait for the next bar close.
So you have to remember , that if there is a bar of some color other than blue - should be abolished entry into the market. Assume that we have placed our limit order, and forex indicator TrendPower located below the level of 0.14. If there is no blue bar, we first check to see if already hurt profit margins. If it is reached, we will cancel the entry would otherwise continue to wait for the opening of limit orders to be filled regardless of the color bars (obviously, not red).
Rules out of a trading position - safety stop-loss (SL) and take profit (TP):
suppose that our zdelka opened four lots to buy.
1. If market entry is made between the yellow and green lines, the indicator ATR, then the stop-loss for all lots will close below the yellow line indicator ATR.
2. If market entry is made below the yellow line indicator ATR, then the stop-loss order is triggered as soon as the color bar changes to red (very often at the entrance to the market below the yellow line of the ATR indicator, all deals were closed with a profit, and with a lot).
3. If entry into the market occurred between the green and light blue lines, the indicator ATR, then the stop-loss is triggered at the touch of a green indicator line ATR (this rule has significantly reduced losses and drawdowns in the trade, although it worked only on a few trade deals).
4. 1st item takes take profit (TP) at the closing between light blue and light blue lines display ATR.
Exception number 1 . If the entry was made below the green line indicator of ATR, then you should not wait for the closing between the green and light blue lines, the indicator ATR, and you should exit the first lot, once the price touches the light blue line indicator ATR.
exception number 2 . If market entry has been made within 10 points of the light blue line indicator ATR (on any side of it), then close the first lot, once the price on the chart As a light-blue line indicator ATR.
5. 2nd item takes its profit (TP) as soon as the price touches the light blue line indicator ATR.
6. Third item takes its profits once the price touches the blue line indicator ATR.
7. 4th item takes its profits this way - after the close of third open lot at a profit, it should trail the fourth item on the green line indicator ATR - once the price touches the green indicator line ATR, you should close the fourth open lot.
8. Once you have closed the first lot of stop-loss for all remaining open 3 lots will be touching the green indicator line ATR. The same rule applies in the case, as soon as the first and second lots were closed at a profit, and the price on the chart went back and touched the green indicator line ATR.
9. No strategy should be applied to re-enter the market in one cycle (for the same upward or downward trend).
download forex indicators , applicable to the Modified forex strategy Pabloski: