FX123 intraday trading strategy
FX123 Strategy is intended for intraday trading and is built on the signals of the arrow indicator Alfa Profit, which are filtered by the T3CCI indicator.
FX123 trading strategy has two key features:
- the ability to make a quick profit;
- the small size of the resulting loss.
In addition, the FX123 strategy can be used to trade binary options with an expiration time corresponding to one candle.
Input parameters
- Currency pairs: GBP/USD, EUR/AUD, EUR/NZD, EUR/CAD, GBP/JPY, GBP/AUD, GBP/NZD, CAD/JPY, USD/CAD, AUD/USD
- Timeframe: M30 (recommended) and H1
- Trading times: London, New York
- Risk management: after calculating the stop-loss, choose such a volume of lot, that the risk was not more than 2-5% of the deposit per trade
Used indicators
- Alfa Profit V.3
- T3 CCI
- Visual power Trend period (5, 13, 34, 1.3, 8.5, 13.8)
- Pivot points level
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
- Install the template with the name FX123
The schedule should look like this:
Signals indicating the opening of a long position
- a green arrow upwards has been formed;
- the T3CCI indicator line is green;
- note: If there is a sell arrow, but the line indicator T3CCI remains green, then the position to buy, until the profit is achieved, is not recommended to close.
Signals indicating the opening of a short position
- a purple down arrow was formed;
- the T3CCI indicator line is red;
- note: If there is an arrow to buy, but the line indicator T3CCI remains red, then the position, before reaching the profit, is not recommended to close.
Setting Stop Loss and Take Profit Orders
- stop loss is set above/below the previous local maximum/minimum in the amount of 15-20 points;
- Take Profit is set near the pivot level. It is allowed to close a position when the opposite arrow appears and the color of the T3CCI indicator line changes.
Author FX123 intraday strategy recommends opening trades only in the direction of the current trend, which is determined on higher timeframes. Before using the strategy on a real deposit, be sure to test it on a demo account.
Download FX123 Trading Strategy Template and Indicators