- The logic of trade. Where and how operations strategy. Description
of the patterns being negotiated.
Logica trade:
The logic of trade is to conduct operations against a apeciable trend
in 4 hours charts, the pattern used for entries is called two candles,
example: if the trend is down, the system looks for a pattern of
rising input against the trend for the inputs used is under 10
minutes, if the previous candle is bearish and the current sailing
records a close above the maximum of the previous candle enter the
market bullish.
- Description of indicators. Why they are used in the strategy.
Use the indicator TrendEnvelopes trend to determine the trend, the
logic of trade is trade against the trend in 4 hours charts, example:
if the TrendEnvelopes indicator in the time frame of 4 hours is
bullish, the logic of trade is bearish perform operations.
- Explanation of the selected settings. time frames, currency pairs,
SL, TP and other settings.
The period used for the TrendEnvelopes indicator is: 14
The stop loss is fixed 500 pips
The Profit is fixed at 8 pips
The volume used is fixed: 5 million units.