Trading strategy "Intraday setting 100%"
For trading on trading strategy "Intraday Setup 100%" You need to install two simple indicators on a daily chart of any currency pair, which are standard in any trading terminal Metatrader 4:
- simple moving average with a period of 20 (SMA (20)),
- Two sets of Bollinger Bands (Bollinger Bands) with a deviation parameter of 2 SD and 3 SD.
Marketplace: ;
Currency pairs: various;
Indicators Bollinger Bands, SMAs;
Timeframe: Daily, H1;
Strategy: intraday;
Protective orders: StopLoss, TakeProfit, Breakeven, TrallingStop.
Algorithm of opening buy trades using the "100% Intraday Setup" strategy
1. At daily price chart you need to place a moving average SMA(20) and make sure that the closing price of the last candle is above this simple moving average.
2. Only buy trades are made in the direction of the trend movement.
3. Next you need to go to the hourly price chart and place 2 sets of Bollinger Bands on it: the first pair of Bollinger Bands has a deviation parameter of 3SD, and the second pair of Bollinger Bands has a deviation parameter of 2SD.
4. When the price makes a breakthrough in the market down and closes above the channel of lower Bollinger Bands 3SD-2SD on H1 - we enter the market.
5. StopLoss we place it at the level of the minimum fluctuation, minus 5-10 pips, and calculate the possible risk of the concluded trade (risk = market entry price - level of the StopLoss order).
6. Then we set TakeProfit: for the first 50% trades at a distance of 50% from the value of the resulting risk (ie, if your risk, for example, 40 pips on this trade, then you fix the profit at 20 pips above the entry price of the market).
7. Once the first profit target has been reached, the StopLoss for the remainder (the second 50% of the trade) is moved to breakeven level (to zero). Also for the second part of the transaction you can use TrailingStop.
8. Closing the second part (50% trade) of the trade position takes place as soon as the price closes below the upper channel Bollinger Bands 3SD-2SD, if at the same time there is no closing of the trade by StopLoss order at breakeven level.
Algorithm of opening a sell trade using the "100% Intraday Setup" strategy
1. At daily price chart need to place SMA moving average(20) and make sure that the closing price of the last candle is below this simple moving average.
2. Only trading transactions for sale in the direction of the current trend are concluded.
3. Next you need to go to the hourly price chart and place 2 sets of Bollinger Bands on it: the first pair of Bollinger Bands has a deviation parameter of 3SD, and the second pair of Bollinger Bands has a deviation parameter of 2SD.
4. When the price makes a breakthrough in the market upwards and closes below the channel of the upper Bollinger Bands 3SD-2SD on H1 - we carry out an entrance to the market to sell.
5. StopLoss we place it at the level of the minimum fluctuation, minus 5-10 pips, and calculate the possible risk of the concluded trade (risk = market entry price - level of the StopLoss order).
6. Installing TakeProfit: for the first 50% trades at a distance of 50% from the value of the resulting risk (ie, if your risk, for example, 40 pips on this trade, then you fix the profit at 20 pips above the entry price of the market).
7. Once the first profit target has been reached, the StopLoss for the remainder (the second 50% of the trade) is moved to breakeven level (to zero) or use TrailingStop.
8. Closing the second part (50% trade) of the trade position occurs as soon as the price closes below the upper channel of the Bollinger Bands 3SD-2SD, if at the same time there is no closing of the trade by StopLoss order at breakeven level.
This trading strategy has already been repeatedly tested in the real market, of course, do not forget about the position of the price in the market relative to the daily SMA(20).