Trading strategy "Weekly"

Pretty easy to apply strategywhich is based on on the data on the volume and on some aspects of technical analysis. The strategy was specifically designed to be as simple as possible. This is done so that new traders who enter the market can quickly and easily adapt, and start trading from this strategy.

If you are familiar with such concepts as timeframe, maximum volume for the selected period, local extrema then you should have no trouble applying this strategy to your trading.

Let's start with timeframes

You will need weekly schedules (weekly chart, with 10 or 15-minute bars) in order to analyze the market situation and track the necessary price levels, which in the future will be your entry points into the market.

The review takes place at the end of the week, namely at Friday by the close of the trading sessions. All the trader needs is to identify the days that were key for us, namely the reversal days.

Price levels

Next, you need to determine the price levels that will be needed to enter the market.

Of these five levels, we only need 3 and 4 because they are located locally "Hi." и "Lowe's." of the week period is very important.

All that remains is to identify the two price ranges in these areas. To do this, you need a cluster chart with a volume display.

Then, when these levels are determined, we have to wait for the opening of next week's trading session. Here, we will need these levels to trade next week.

Trading Algorithm

The trading rules are simple: The deal opens once a week and from a predetermined price. The deal is opened with a small stop order and multi-profit system, that is, several goals with profit taking, as well as the transfer of the position in Breakevenwhich is very important.

A very important thing in this system is to determine the right levels, because this is the only human factor in this strategy, the rest is done automatically.