Speed Trap Method
Forex Strategy Speed Trap Method
Forex Strategy Speed ??Trap Method is based on the breakdown of the range, which is formed in the first hours after the discovery of a new day; timeframe - M15 , the currency pair, any , but the best fit: EURUSD, EURJPY, GBPJPY.
1) Construct two parallel lines on maximum and minimum prices in the period 00.00 02.00 terminal time!
2) The schedule M15 put an exponential moving average EMA (5) - it must necessarily be between 2 parallel lines during these 2 hours.
3) As soon as the EMA (5) breaks one of the parallel lines and closes above or below , we conclude the deal in the direction of penetration, but penetration is considered valid if it occurred at least at 02.15!
take profit set at 20 points for the EURUSD and 30 points for the EURJPY, GBPJPY.
Stop-Loss better not to install, and close the deal at the crossing and closing the EMA (5) below or above the other parallel to the line after the transaction. Or Option 2: Stop Loss ustanovlivaete +5-10 points at a distance on the opposite side of the channel for the deal.