Breakthrough trend forex strategy using indicator towave

[dci20021]

The principle of this strategy:
1) we build H1 and M15 trends using two last fractals of towave indicator
2) trade is opened when M15 trend is broken (crossed) through resistance point (+/- 3pips) in one case - with breakthrough H1-trend (situations 1,2,4) and in other case - in direction of H1-trend (sit.3,5)
3) stop-loss is set on the last fractal of M15-timeframe (+/-3 pips)
4) trade finished when M15-trend is crossed in reverse direction

Strategy uses two indicators ToWave indicator and TREND-MA.

The indicator TREND-MA draws support/resistance lines. The indicator ToWave uses Elliot theory base. Look on price changes, ToWave builds extremums('resistance points'), fractals (significant point of trend).

Analysis of trades on USDJPY: 15.01.2015-16.01.2015 - Profit: 89 pips
At this days I provided two successfull trades:
1) case №3 - sale trade is opened - М15-trend is crossed into Н1-trend direction (I)
2) case №5 - buy trade is opened - М15-trend is crossed into Н1-trend direction (2)
H1-timeframe

More details on look on Facebook in my page ToWaveStrategy and my site assigned with it http://fxoption.hut2.ru/indexEn.htm

Edited January 19, 2015 by dci20021

[dci20021]

Trades 19.01.2015 (+50 pips USDJPY)

Was closed 1 trade (case 2) on breakthrough H1-trend (II) with strategy rule (breakthrough M15-trend with breakthrough H1-trend)

M15-chart

[dci20021]

USING STRATEGY TOWAVE. TRADES 20-21.01.2015 (+90 PIPS USDJPY)
Examples of trades with strategy using indicator ToWave. After that - weekly results 15-21.01.2015 (+229 pips). Strategy was described in my blog early
During two days may be possible 5 trades.
Case 1 - buy, M15 trend is crossed in direction of H1-trend; this position I don't open, was busy
Case 2 - buy, M15 trend is crossed in direction of H1-trend; this position I don't open, I was afraid that it is 4 breakthrough and price would be ready to cross H1-up trend
Case 3 - sell, M15 trend is crossed with breakthrough H1-trend, profit 50 pips
Case 4 - sell M15 trend is crossed in direction of H1-trend; profit 40 pips; according the strategy this trade would made profit 5 pips, but I closed position look at market volatility, when price twice touched +40 pips level
Case 5 - M15 trend is crossed with breakthrough H1-trend

Additionaly, about closing of trade. There are 3 cases that I use: 1) price achieved +50pips, 2)M15-trend is crossed in reverse direction; 3) stop-loss case

Weekly results +229 pips, +195$, +17% to deposit

Pict: H1-chart, M15-chart (cases 2,3), M15-chart (cases 4,5), weekly report

[dci20021]

USING STRATEGY TOWAVE. TRADES 22-23.01.2015 (+80 PIPS USDJPY)
During two days may be possible 5 trades.
Case 1 - sell, M15 trend is crossed with breakthrough of H1-trend; profit +42 pips
Case 2 - buy, M15 trend is crossed with breakthrough of H1-trend (I); profit +40 pips
Case 3 - buy, M15 trend is crossed n direction of H1-trend (II); loss trade; I didn't open it
Case 4 - buy, M15 trend is crossed n direction of H1-trend(II); loss trade; loss -27 pips
Case 5 - M15 trend is crossed with breakthrough H1-trend(II); this position I closed with profit (+25 pips), because previous trade was lossed,stop loss higher than trade open price, and I closed trade when summary profit was equals zero.
Screenshorts:
H1-chart, M15-chart (cases 1, 2), M15-chart (cases 3, 4, 5)

[dci20021]

USING STRATEGY TOWAVE. TRADES 26-28.01.2015 (USDJPY)
Examples of trades with strategy using indicator ToWave. After that - weekly results 22-28.01.2015 (+103 pips). Summary from 15.01-28.01.2015 +332 pips.

There are 7 trades may be possible during 3 days.

Case 1 - buy, M15 trend is crossed in direction of H1-trend; loss -15 pips;

Case 2 - sell, M15 trend is crossed with breakthrough H1-trend; this case I combine with case 3 (don't close, because it is high probability to open second sell position in direction of trend)

Case 3 - sell, M15 trend is crossed in direction of H1-trend; profit +49 pips;

Case 4- buy, M15 trend is crossed with breakthrough H1-trend; profit +10 pips;

Case 5 - sell, M15 trend is crossed with breakthrough H1-trend; profit +14 pips;

Case 6- buy, M15 trend is crossed with breakthrough H1-trend; loss -36 pips; FRS reports - high risk, usually I don't open trades in this period;

Case 7- sell, M15 trend is crossed with breakthrough H1-trend; profit +0 pips.

Weekly results: +103 pips, +87$, +6% to deposit

Charts: Н1, М15 (cases 1,2,3), М15 (cases 4,5), М15(cases 6,7), weekly report

Edited January 31, 2015 by dci20021

[dci20021]

USING STRATEGY TOWAVE. TRADES 29-30.01.2015 (+98 PIPS USDJPY)
During two days may be possible 2 trades.
Case 1 - buy, M15 trend is crossed in direction of H1-trend ; profit +51 pips;
Case 2 - sell, M15 trend is crossed in direction of H1-trend ; profit +47 pips.
Charts: H1-chart, M15-chart (case 1), M15-chart (case 2).

[Simon Davis]

Nice strategy

Edited November 18, 2015 by Simon Davis

[Loots Bosman]

This strategy definitely looks pretty good to give it a try, but one thing I do believe and that’s about practicing any strategy before applying it on real account, if we don’t do that than it can expose us to high risk which is really not good at all. I trade with Nova FX broker and here I get better option in their 200 dollars free welcome bonus, it is beautiful for people who get bore on demo account since here we can make profits too.

[Tanzil Al Banna]

I see, my technical indicator based trading strategy shows much better performance on H4 time frame. That’s way I am not interested on others time frame. On the other hand, I get good feedback for all major currencies from this personal trading system. That’s way, comfortably I can manage handsome money around the month.

Actually, I made this profitable system through custom indicators of TradingBanks broker. As I get good income from this strategy that’s way, I don’t need to change or update this trading system.