Trending trading strategy Touched and flight
Trending trading strategy Touched and flight - is a simple system designed for use on higher timeframes. Its principle is based on entering the market with increasing volatility prices. According to the author, the strategy has high profitability and ease of use.
Input parameters
- Currency pairs: AUD/USD, GBP/USD, USD/JPY, USD/CHF, EUR/GBP, EUR/USD, NZD/USD, EUR/JPY, GBP/JPY, EUR/CHF
- Timeframe: H4 and D1
- Bidding time: any
- Risk management: after calculating the stop-loss, choose this lot sizeto risk no more than 2-5% of the deposit per transaction
Used indicators
- EMA (21, close)
- Envelopes (14-0.10 simple SMA, close)
- Trigger (fast EMA5, slow Ema 14, signal line 1 period, close)
- Bollinger bands (20, deviation 2.0) - optional, for determining a flat market state (narrowing of the bands is considered as a flat)
Setting up the price chart
- Unpack the archive
- Copy the template into the templates folder
- Copy the indicators to the folder MQL4 -> indicators
- Restarting the terminal
- Open the chart of the desired currency pair
- Set the template with the name Touched and flight
The schedule should look like this:
Signals indicating the opening of a long position
- The closing price of the candle is above the Envelopes channel and the EMA line;
- The histogram bar of the Trigger indicator is green.
Signals indicating the opening of a short trade
- The closing price of the candle is below the Envelopes channel and the EMA line;
- The histogram bar of the Trigger indicator is red.
Setting Stop Loss and Take Profit Orders
- stop loss is set above/below the signal candle;
- Take Profit Depending on the timeframe (for H4 we recommend 20-30 points, for D1 - 50-80 points). If there is a steady trend impulse, it is advisable to set a take profit at the opposite border of the trend.
Trending trading strategy Touched and flight - an excellent choice for beginning traders. Despite the small number of trading signals due to the use of higher timeframes, its benefit lies in the minimum psychological pressure exerted on the trader. In addition, the number of entry signals can be increased by using a trading strategy on several currency pairs.
Download Touched and flight trading strategy template and indicators
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