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Forex trading strategy. One trade a day

It's an interesting strategy forex Fibonacci levels , is another breakdown trading system that deserves attention.

It is a strategy by which you want to make just one single transaction per day . We do this by closing and the breakdown of the Asian session Forex conduct work only on trading pairs associated with the British pound , so this pair : gbp / usd, gbp / jpy, gbp / aud, gbp / cad , and so on ) , because the following the Asia forex session is opened in London.

To work on this strategy, we recommend only proven forex brokers with "Metatrader4": InstaForex, Alpari, Admiral Markets.

So, to work on the forex strategy we need to schedule our forex pairs to put the indicator ant_GUBreakout Ver.0.4.2. This " turkey " we will show the start and end of the Asian trading session , the parameters are:

  • GMTShift - time shift your broker from GMT ( for example Foreks4yu , Alpari - 1)
  • Start - the start box (O : OO)
  • End - End Time boxes ( 8:59 )

Offset - offset from the box to set orders of 5- 1O points (take a maximum of 1O - for four- brokers like Foreks4yu and 1OO - for a five-figure like Alpari)

Furthermore, if we need a tool terminal MT4 - lines (levels ) Fibonacci, with levels (O , 5O % or 1OO %).

The basic principles of forex strategy "one trade a day"

Wait until the box is closed and the Asian trading session on her stretch Fibonacci such a way that the level of about 5O % and were on the extremes of the resulting box.

Fibonacci build in two opposite directions , as shown in the picture.

Drawing, click to enlarge:


1OO % level we will indicate our takeprofit

after the close of the box , put one order each side of the box - to BUY and SELL, and warrants Buy_Stop Sell_Stop and put a 5- 1O points from the maximum and minimum of the resulting box

Stop set on the reverse side of the box

If one order is opened , then immediately remove the second , because the main principle of this forex strategy - one trade per day

Addition to the strategy of one trade per day

Closes solely stopu or take-profit - regardless of how many shopping days will be open Your posture .

While open order on this forex strategy is not closed, the following orders should not be put .

There are alternative schemes :

  • if the order is not closed at the end of the day - in OO.OO on GMT, its close on the market
  • if the order is not closed at the end of the day - in OO.OO on GMT, then translate the stop-loss to breakeven or below the nearest fractal and wait until the close pose on stopu or take-profit

Some more options for strategy

You can translate the position to breakeven using trailing stopa when the + 3O % - 5 % in profit on the value of the box.

Well , the last - you can enter a limit - do not trade if the value of the box is more than 12o points, because in these boxes is a good chance the closing of the stopu , also obtained a relatively large StopLoss.

That such a strategy is not complicated, but you should be careful and abide by its principles . Comments are welcome , questions on the forum .

Indicator and a template for the strategy DOWNLOAD

Discussion and feedback in comments below...

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Category: Forex Strategies | Views: 2652 | Added by: Tyler | Rating: 0.0/0

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