Forex Strategy Mid
Forex Strategy Mid is very, very simple:
Look at the picture - all should be clear already from it:
1) line number 1 - a kind of "guide", it tells us to be open trading position - to buy or to sell . < br /> We draw it from the previous maximum peak (or the bottom or top).
Her should be the middle of next wave in the chart (For simplicity, define the mid-wave can easily be used Fibonacci level - 50% ). This "mean point" or the 50% Fibonacci on the schedule and will serve us level of penetration and closing the candle above or below it will signal the opening of trading positions .
2) level of penetration shown in the examples, as line number 2 .
If guide line pointing up and points to buy , then the level of penetration, respectively, to break the buy-Wai candle .
(!) And, this nuance is important: must necessarily await the closing price of the candle, and already at the opening price the next bar to enter the market .
sell with a candle done a same thing, but the level of penetration to pierce a candle to sell.
In Figure 2 you can see real cases on the currency pair USD / CHF at 4-hour chart. For the trade used best trading platform MetaTrader 4 , the graphs which is very easy to produce graphic layout and construction. The red arrows indicate the point of entry into the market (at the opening price of the candles).
Stop-loss is best to place or under last at least 2 of Wave (for positions at Buy) or the maximum of the 2nd wave (for a position on Sell).
take profit at will, or putting on haya census of the 2nd wave or just use a trailing stop, which can be garazdo more profitable and better to just swap in a zero and a maximum if the sample is the second wave and the price has gone further, trailing by trailing stop at a safe distance ( depending on the interval at which you are trading forex strategy at "middle" works on all currency pairs and all time-frames ) or close the income from your hand when you want, or simply close 50% position, and the remaining 50% is already treylinguete .