( REQ) BreakoutMA Trader

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BreakoutMATrader

( Forex-Experts )

 

Price: $130.00

 

 

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The strategy.

The BreakoutMA strategy was developed to work on flat, but also it works well on the trend market conditions. It is very reliable, with low risk and used for intraday trading. Original strategy was published by well known russian trader from www.finlist.ru. However, it does not give you a lot of profit per day, but just say – every day 10-20 points – is not bad? The strategy works on the 1H timeframe. It could work on any symbol, but most preffered are:

 

 

EURUSD, USDCHF, GBPUSD. By the strategy the maximum trades per day are 2. For riskless trading it is recommended 6000$-7000$ deposit for trading by 1 lot. Here are the rules of the strategy:

 

 

For Buy (for Sale - on the contrary):

 

Waiting for cross candles (by any part) by simple moving average with period 20 (this parameter, the period of moving average, and also its type, can be changed by you during testing);

When it occurs, we put buying stop above this candle, selling - below. (On a real trading it used a protective interval of 3 points, so buystop order is set above High + 3 pips + spread, sellstop - Low - 3 pips. However you also can change it).

After opening a position we setup limit order (Take Profit) at a level of the previous local High, closer with 3 pips to the price of opening. Definition of this local High - a subjective element, however, them usually perfectly is visible. Another pending SellStop order is used as Stop and Reverse.

After the candle has closed and the position was not closed, we move stoploss on the last candle. The important thing – the stoploss moved only when Low of candles is below of moving average (when Buy) or High is above (when sale). If the candle "has completely left" the moving average - stop is not moving then!

the target is not reached up to the end of trading session, we close a position "by the market " not looking on the price. The end of trading session is 20:00GMT.

After stop and reverse (pending SellStop order) has triggered we move Take Profit, which will compensate the previous loss, but not far from the level defined by the previous local minimum. It is important to handle all such signals. Not all day and night, certainly, and if you work, for example, with 7GMT up to 20GMT, then every hour you will need to make an decision. At 18GMT we removed stop and reverse order if we have opened position and don’t set any pending orders, and at 20GMT delete and close all opened and pending orders.