Panca Eagle trading strategy
Panca Eagle Strategy is based on breakout levels. The idea of the strategy is to determine the previous market range and then play on its breakout. All we need to do is wait for a breakout of the green zone and check with others before entering indicators.
Marketplace: Forex;
Currency pairs: EURUSD, GBPJPY;
Timeframe: M30, H1
Indicators EMA(5) and EMA(13), RSI(14) with levels 45-55, Toptrend (in order to avoid false signals);
Strategy: intraday;
Protective ordersStopLoss, Takeprofit, TrallingStop.
Panca Eagle Strategy Rules
1. Waiting for the red box to form.
2. only buy once and sell once in one day.
3. We risk no more than 5% of the entire deposit.
4. The minimum TakeProfit is 10 pips. In case of a larger TakeProfit, we put the Trailing Stop on 15 points, after 30 points of profit.
5. StopLoss 30 pips.
Rules for Buy Transactions
1. EMA(5) has crossed and is above EMA(13).
2. RSI indicator above the 55 level.
3. When the price breaks through the upper green line.
Rules for making a Sell deal
1. EMA(5) has crossed and is below EMA(13).
2. The RSI is below the 45 level.
3. enter when the price breaks through the lower green line.
In order to avoid false signals, you can use the Toptrend indicator:
- Buy only when Toptrend is blue. In this case observe all the conditions for the purchase written above.
- Sell only when Toptrend is red. At the same time we observe all the conditions for sale written above.
