This is an intraday trading strategy with the elements of mid-term trading (some positions and signals can be left for the following day). A position can be held from several hours to 1-2 days. The system is based on technical analysis of the graphs on different currency pairs with the use of self-created indicators. The fundamental analysis is used mainly for avoiding entering the market during some important news releases. Usually the signals for entering the market are given in the end of Asian session or during the European one; and the signals for exiting – in the American one. The average number of the signals per week can vary from 2 to 15. Now the most signals are given on EUR/USD, but the other currency pairs may be used as well.
The positions can’t be opened with more than 10% of the account amount. The system’s aim is to find out the trend direction, wait for a reversal, and after a slight consolidation open a position in the trend direction. The market orders are mainly used. The positions are closed by take-profit or stop-loss and sometimes manually, depending on the situation on the market (if the trend is likely to turn against an opened position, which is profitable at the moment). The stop-loss (usually 40-80 pips) and take-profit (about 100 pips) are always set after opening a position and giving signals.
Alex80 - market signals
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