FX:GBPUSD British Pound/U.S. Dollar
Hi everyone! I would like to tell you more about my trading strategy. May be you will find some ideas for your trading or may be you will start trading based on this strategy. First of all I should tell that there are a great number of different trading strategies for trend, range, reverse and breakout market conditions. I tried many of them and decided to design something suitable for my style of trading. I don't like to use only trend following strategies, because when there is range, you have to wait for trend. And when there is divergence, you can't trade because it's come out of the rules. The same goes about range strategies, your trading won't be profitable, if you use them in trend market. So, I designed this trading strategy for all market conditions. I use only 5 technical indicators for this strategy: with periods 20, 50 and 100, , , DMI and with standard parameters. There is no special rules for opening trades, just standard using of the indicators mixed in one trading strategy. You can use it in all markets and time frames started from 15 minutes to . Following this trading strategy, good money management and diversification, you could produce good profit in long term. I will write about trading signals, how to place stop and profit orders, ,money management and historical test results in following parts. Don't forget to subscribe in order to get all information and... Have a nice day!
As you can see, the trading strategy includes technical indicators which provide more reliable signals on high time frames. The best signals come from daily charts. The same goes about technical analysis in a whole, candlestick patterns, support lines and levels. That's why the best quality of signals will be on daily charts. But quality of signals and optimal result are not the same. For optimal profit it's better to use 1H charts and open trades according daily charts movements. The same goes about M15, where we have to wait for 3 indicators confirmation but not for 2 as on high time frames. I'll write in detailes about it.