FOREX TRADING STRATEGY with 20MA & chandelier Stop by TIZ
The BWAB Trading Strategy (LONG SETUP)
- Market is in a range (80 candles or more)
- The price approach the highs of Resistance and forms a tight consolidation (buildup)
- The 20 MA touches the low of the buildup
- Place a buy stop order above the highs with 3 ATR trailing stop loss ( chandelier Stop )
The BWAB Trading Strategy (SHORT SETUP)
- Market is in a range (80 candles or more)
- The price approach the lows of support and forms a tight consolidation (buildup)
- The 20 MA touches the highs of the buildup
- Place a buy stop order below the lows with 3 ATR trailing stop loss ( chandelier Stop )
The BWAB Trading Strategy (SHORT SETUP)
Chandelier Stop settings = Trailing stop loss
Look Back perio = 1
ATR Period = 22
ATR Multiplier = 3
The chandelier stop offers a logical possibility to set the stop loss. The sl is very tight.
The BWAB Trading Strategy (LONG SETUP)
- Market is in a range (80 candles or more)
- The price approach the highs of Resistance and forms a tight consolidation (buildup)
- The 20 MA touches the low of the buildup
- Place a buy stop order above the highs with 3 ATR trailing stop loss ( chandelier Stop )
The BWAB Trading Strategy (SHORT SETUP)
- Market is in a range (80 candles or more)
- The price approach the lows of support and forms a tight consolidation (buildup)
- The 20 MA touches the highs of the buildup
- Place a buy stop order below the lows with 3 ATR trailing stop loss ( chandelier Stop )
The BWAB Trading Strategy (SHORT SETUP)
Chandelier Stop settings = Trailing stop loss
Look Back perio = 1
ATR Period = 22
ATR Multiplier = 3
The chandelier stop offers a logical possibility to set the stop loss. The sl is very tight.
Note
Another example:Note
The result:
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.