THis is a very simple yet extremely efficient FOREX strategy . In general it tends to work the best against NZD and AUD pairs, however other major pairs and crosses can work as well.
It's made of a time management, together with MACD , moving average , a price action rule and a risk management.
THe logic behind is the next one : For LONG:
We have 3 ascending candles. Histogram of MACD is positive. Last close of a candle is was above moving average. If all those previous condition happened before 17/18 UTC time depending if its summer time or not, we enter the trade.
For Short:
We have 3 descending candles. Histogram of MACD is negative. Last close of a candle is was below moving average. If all those previous condition happened before 17/18 UTC time depending if its summer time or not, we enter the trade.
RIsk management For risk management, since we aim to have a 95%+ win rate, we aim to have a 5:1 or 10:1 risk to reward ratio. Meaning that for each $ we can win, we can lose 5-10$. THats why I recommend to be extremely careful when playing with leverage with this strategy.
You wasted my precious time. Can you make money out of this strategy?
malaysian_window
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My guy, respect for coding this but it is frankly a horrible strategy. 97% winrate means nothing when you have a 1:10 P/L ratio. In simpler terms, you must win 10 trades in a row to break even with just 1 bad trade. Please don't use this if you would like to keep your money.
exlux99
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@victorliutrade3, i believe this is common sense and should be know, that the higher the win rate, the smaller is the reward compared to the risk. Also I have to see there is a reason why its for free, its mean for practice and study not for real trades. For real life trades I have multiple premium strategies with 45-60% win rate and a 3:1 or bigger p/l ratio
alinofadadad
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Wawww
adjoul
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brother this repaint ?
exlux99
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@adjoul, i can guarente you as long as you use the entry from the candle close this script is 100% repaint free.