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Increasing volatility

Forex Strategy Increasing volatility

Forex Strategy Increasing volatility - another simple breakout forex strategy on pending orders Buy Stop and Sell Stop, set the levels of which are determined by a very simple formula, depending on the volatility of the trading day yesterday recommended by the currency pairs to trade: GBPUSD, EURJPY.

pending order to buy set as follows:

Buy Stop = today's opening of the market price + 70% of yesterday's daily candle + value spread for the chosen currency pair.
Stop Loss = 50% of the value of yesterday's daily candle.

pending order to sell set as follows:

Sell Stop = The price of today's opening of the market - 70% of yesterday's daily candle
Stop Loss = 50% of the value of yesterday's daily candle.

To calculate the levels of pending orders and stop-loss indicator, use Daily Volatility Breakout.mq4 - download it with the template for Metatrader 4 can be at the end of this forex strategy.

example look at the picture:

Strategiya forex'Rasshirenie volatilnosti'

As soon as profit in the transaction will be +50 - 70 points - I recommend to rearrange stop-loss level bezubytka. And further, if desired, you can use a trailing stop at the same distance - 50 points.

Teyk-profit is not installed, and the closing of the transaction occurs at the close of the day or the trailing stop.

Additions:

1) All pending orders did not work during the day must be removed at the close of day candles!

2) If one of the orders to work, then the second also clean!

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