10 pips on EURUSD h1>
Forex Strategy 10 points for the EURUSD
Forex Strategy 10 pips on EURUSD has an infinite number of varieties and what it is similar to the strategy of Session Breakout , but working on it, many professional traders, so if you combine it with the proper risk management, it is possible to achieve very good results with forex trading.
The strategy forex 10 pips on EURUSD in the following:
The basis of the strategy come from breakdowns maximum and minimum of the previous trading day. Most of traders believe that if the sample rate of the previous day, the price goes up, and vice versa for the minimum.
Therefore, usually two ekstemumu used again Most of forex traders as a stop-loss orders. Therefore, given this fact - if the price breaks the previous day, it will be executed stop-loss, and because of this price movement in the forex market will continue for some number of points. Accordingly, for a maximum of - indeed, the same rule, only in the direction of purchase!
Knowing these facts, we will earn profits if the deal to buy open, the breakdown of the previous day and for sale in the breakdown of the previous day.But since
Another category of FOREX traders use the same 2 points as the level of support and resistance, then the price does not always move in the direction of penetration of the maximum and minimum of the last days - there is a need to use respectively a stop-loss fixed value.
Recommended currency pair: EURUSD
pending orders are valid from 00.00 GMT to 00.00 GMT on the following day.
1. Expose at 00.00 GMT 2 pending orders - one to buy (higher than the maximum of the previous day's two points) and 1 in Cell (below the previous day - 2 points).
2. Install the Take-Profit - 10 pips.
3. safety stop-loss - 30 pips.
5. An important feature: pay attention to ONLY the 1st intersection of high or low during the trading day (ie, if the pending orders are closed by stop-loss or profit, the more orders that day not display!)
Recommended risk - 2% -5% of the deposit for each transaction.