The strategy is one with mostly mid-term positions, but some intraday trading takes place too. The basic parameters are the following:
- Not more than 15% of account amount is used for trading at one moment
- Max drawdown per trade – not more than 5-8%
- Max drawdown per month – not more than 30%
- Max drawdown per all trading period - not more than 25%
Volumes of transactions are calculated due to following principles:
- max possible drawdown according to the stop-loss
- possibility of reaching stop-loss or take-profit in case of opening a position
The following criteria are used for trading:
- Following the trend (finding out the wave moving of the price)
- Using lines of support/resistance
- Hedging positions on basic currency pairs with the use of subsidiary tools
Usually the signals are given from 8.00 to 20.00 GMT. I open market orders mostly, but sometimes pending ones are set too.
Intraday trading is completely based on technical analysis. The market is mostly analyzed on H4, D1, W1 periods. But M15 and H1 are used for intraday trading. Indicators, which I use, were created by me. Fundamentals are taken into consideration while opening mid-term positions.
The strategy is mid-risky and can be used by people interested in stability of their investment.