This is a price action strategy based on trend power with several if
clause conditions and indicators that need to be meet in order for
thestrategy to take a trade. I discoverd after a long & rigurous
backtesting process that this strategy works best on high volatility
pairs ,mainly crosses like GBP/JPY ;GBP/NZD;GBP/AUD,GBP/CAD and also
have a great performance on the majority of JPY quoted pairs.
Main engine of thisstrategy is that it open trades based on 2 types
of setups Pin Bar &
Inside Bar using also a crossover system comprised of 21EMA & 8 EMA
for quidance .It works on 30 min &1 H time-frames but scans & search
4
different time-frames 30 min ,1h ,4h & 1D in order to find recent pin
& inside bar that would provide the best entry posibble which
complies
with all conditions like: -Pin Bar & Inside Bar -21EMA & 8EMA
crossover
The Stop Loss is a fixed one set at 181 pips but the Take Profit is
variable depinding on PR
which is good and provide a higher profitability rate when we are in
a
breakout situation.Hours of functioning are between 07:00 & 22:00
GMT.Taking into consideration recent volatility in GBP/AUD & GBP/CAD i
decided to include these pairs also in the basket. This month the
strategy will run on GBP/AUD .