Gann Hilo DMI trading strategy
The system is very simple and trendy, has some difficulties on flat market. It uses only 3 indicators: Gann Hilo, DMI and QQE. Trading takes place only during the London session.
Marketplace: Forex;
Currency pairsGBPJPY;
Timeframe: H1;
Indicators : Gann Hilo(10), DMI(8) with level 20 and QQE(5);
Strategy: trending;
Protective orders: StopLoss.
Rules of the trading strategy
To open a sell deal It is necessary that the price was below the indicator gann hilo, the red line DMI above line 20, the line with the points of the QQE above the blue line, the length of the candle from the closing level to open must be more than 3 pips. Otherwise, consider this candle "doji." and do not trade on it. If the length of the candle from opening to closing is more than 90 pips, also do not trade on this candle, as the probability of rolling back and triggering a stop-loss is 90%.
To open a buy deal It is necessary that the price should be above the gann hilo, the blue line DMI above the line 20, the line QQE above the blue line with dots. The length of the candle from the closing level to the opening must be more than 3 pips, otherwise we consider it a doji and do not trade on this candle. If the length of the candle from the open to close is more than 90 pips, we also do not trade on this candle, since the probability of rolling back and triggering a stop loss is 90%.
The trade is entered only at the close of the candle.
This trading strategy uses only a stop loss, which is shifted every time the price passed in the direction of the position by 75 pips. Take Profit is not used.
Moving out of position
If the price has reached the stop-loss, or has broken the line gann hilo. Exit is carried out at the close of the candle.