This strategy is very simple and is based on testing round price levels with checking on higher timeframes. Trailing stop and lossless transfer are used. No trend indicators are used here, trading inside the day takes very little time, it is very easy to deal with the system. Open orders are controlled by auxiliary advisors. According to statistics, 70% of transactions opened by this system bring profit. For trading, you can choose currency pairs with high ADR (average daily range), such as EURJPY, GBPJPY, GBPUSD. The time frame can be any, but the optimal M15. The time of trade is the European session and the beginning of the American oneThat’s what the pattern of this strategy looks like. There are a lot of indicators and all of them help to orientate quickly. Looking at the indicators Daily open line and UFX TREND multiMeter, you can instantly determine the direction of movement. In this case, the price is below the opening line, and two red rectangles report that the daily and hourly movements coincide. The Grid_v2 indicator shows the order setting levels. The other indicators show different information. The most important of them is the ADR pointer. Besides indicators, there are two Expert Advisors in the system. WUKAR Expert Advisor is installed on the same chart, and for the Expert Advisor Wheelbarrel Trailing_v1.2 you need to open a second window of the same currency pair and install it there.Trading starts with the opening of the Frankfurt Stock Exchange and ends 2 hours after the opening of the New York session. The work consists of placing pending orders on an hourly basis at levels 00, 0.1, 0.2, 0.3, 0.4, 0.5, 0.6, 0.7, 0.8, 0.9 if the last H1 candlestick coincides with D1. And the first two hours we trade only 0.4, 0.5, 0.6 levels. Do not sell at 0.1 and do not buy at 0.9. Take Profit in the system of 5 points, stop loss 10 points. These parameters are set in the Expert Advisor settings. After opening a position, the WUKAR Expert Advisor controls the Stop Loss and Take Profit. These values must be adjusted taking into account the spread of the currency pair and the number of characters in the quotes. The Wheelbarrel Trailing_v1.2 Expert Advisor includes a trailing stop and needs to be corrected as wellIn this figure the indicators show purchases. However, the price has already passed the distance close to the ADR. In such cases, trading is not recommended. But it’s obvious that you could make a profit here during the dayHere the indicator shows different directions on daily and hourly timeframes. Trading is also not recommendedIn this case, a yellow badge indicates that you need to be prepared to change the situation.There are several other recommendations of the system’s author, which should be followed, but not necessarily.
- Transferring the position to a lossless position after 3.5 points of profit.
- There must be at least 10 points to the ADR boundary
- Trading stops at the time of release of important economic news
- The profit target is 10 pips a day, after which trading is stopped
- If the price has passed the number of points equal to the daily average range, we no longer trade
- At any level, an order is placed only once
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