Hello friends,forex traders. This strategy is using Price Action model Inside Bar. I am no using any indicators only naked chart and price action.
Indicators: No Indicators
Timeframe: D1
Currency pairs: EUR/USD;GBP/USD;USD/CHF;USD/JPY;GBP/JPY;EUR/JPY;EUR/CHF;USD/CAD
Trading Hours: When close daily candle
ENTRY RULES
When daily candle closed we looking for Price Action model Inside Bar. If we find it we put 3 buy stop orders few pips above highest small candle point and 3 sell stop orders few pips below lowest small candle point.
So we have 3 buy stop orders and 3 sell stop orders.
STOP LOSS / TAKE PROFIT
Stop Loss = Opposite order (For buy stop order need to put stop loss where is sell stop order and for sell stop order where is buy stop order).
Take Profit: I am using take profit only for 2 orders(2 for buy stop order and 2 for sell stop order).Take Profit = S/L. Third order I am leaving without take profit to make max profit (For buy order pull S/L few pips below every big bullish candle and for sell order pull S/L few pips above every bearish candle).
When any order is active other need to keep until it reaches the take profit. When take profit achieved we killing the opposite order.
MONEY MANAGEMENT
I am no using standard 1-3% risk.
My is for:
1000$ = 0.01lot
2000$ = 0.02lot
4000$ = 0.04lot
8000$ = 0.08lot
16000$ = 0.16lot
Etc.
IMPORTANT:
If you lose 50% of the profits need to go back to the last lot.
For example: You start with 1000$ and your lot is 0.01. When you have 100% profit 1000$
(total 2000$ in your balance) need to start trading with 0.02lot and when you lost 50% of your profit, so 500$ (your balance 1500$) you must go back to 0.01lot till you again have 2000$.
Sorry for my English it is not my first language.
Indicators: No Indicators
Timeframe: D1
Currency pairs: EUR/USD;GBP/USD;USD/CHF;USD/JPY;GBP/JPY;EUR/JPY;EUR/CHF;USD/CAD
Trading Hours: When close daily candle
ENTRY RULES
When daily candle closed we looking for Price Action model Inside Bar. If we find it we put 3 buy stop orders few pips above highest small candle point and 3 sell stop orders few pips below lowest small candle point.
So we have 3 buy stop orders and 3 sell stop orders.
STOP LOSS / TAKE PROFIT
Stop Loss = Opposite order (For buy stop order need to put stop loss where is sell stop order and for sell stop order where is buy stop order).
Take Profit: I am using take profit only for 2 orders(2 for buy stop order and 2 for sell stop order).Take Profit = S/L. Third order I am leaving without take profit to make max profit (For buy order pull S/L few pips below every big bullish candle and for sell order pull S/L few pips above every bearish candle).
When any order is active other need to keep until it reaches the take profit. When take profit achieved we killing the opposite order.
MONEY MANAGEMENT
I am no using standard 1-3% risk.
My is for:
1000$ = 0.01lot
2000$ = 0.02lot
4000$ = 0.04lot
8000$ = 0.08lot
16000$ = 0.16lot
Etc.
IMPORTANT:
If you lose 50% of the profits need to go back to the last lot.
For example: You start with 1000$ and your lot is 0.01. When you have 100% profit 1000$
(total 2000$ in your balance) need to start trading with 0.02lot and when you lost 50% of your profit, so 500$ (your balance 1500$) you must go back to 0.01lot till you again have 2000$.
Sorry for my English it is not my first language.