Wild River forex trading strategy Catch fish

The Wild River is a medium-term forex trading strategy for those who cannot pay much attention to trade. These are not critical differences and trade preferences. The intraday scalper will not want to change strategy to medium-term, if only because short-term trade gives more profit for those who have mastered it in perfection.

 

At the initial stage, as long as there are no serious skills, which means that the habit of making decisions quickly has not developed, it is better to abandon short-term intraday trade. This type of trading provides for confidence in its actions, which is given only with years of experience. The trader who takes the first steps will feel more comfortable on the time frame of the Н4 when there is time to think, not in a hurry to weigh everything and make a decision. It is such opportunities that the Wild River strategy provides.

 

Advantages of forex trading strategy

The proposed time-frame trading system also Н4 good profits with minimal labor and nerve costs. After all, it is not necessary to look into the terminal several times and worry that the deal is in decline. Because under the Wild River strategy on the same pair, the deal will appear once, sometimes twice a month. But the profit on it will be at least a few hundred points, and the deal can last up to a few weeks. If you enter correctly, you are unlikely to get into a drawdown. The main thing is that there will be enough time to prepare for the deal, wait for the right moment and enter with compliance with all requirements of the forex trading strategy.

 

Let 's just say there will be a temptation to move somewhat away from the rules, as some major movements will pass by and it will be offensive to lose them. You can always try something of your own in addition to the strategy applied, but then at least test your actions in a demo account or history. It also offers a ready-made proven strategy that is almost guaranteed to give profite deals if you do not succumb to temptation and follow the instructions clearly.

 

Tools in the Wild River Strategy

The second indicator is the normal moving average with parameters: 50, close, Linear Weighted. Both indicators are among those built into Metatraider and will not put them on the schedule. The envelope is the Wild River, though on the chart, it looks Н4 calm. МА50 is a signal line that, together with the price, shows the moment of entry.

 

Trade tools are allowed any, but developers place special emphasis on two pairs, in the quotation of which there is a yen: EUR/JPY and GBP/JPY. Two pairs in total can give 3-4 deals a month - if you don 't have enough, look for additional ways or try a Wild River strategy on other currency pairs and timeframes.

 

The size of the stop loss depends on the situation in the market, but given that the trade is carried out Н4 the market, it will be considerable. Therefore, it is dangerous to enter a large lot - leaks in the Wild River happen. Stop loss can be up to 50 points. Taking into account the recommended permissible losses of 1-2%, the flexibility of the transaction will be small. Restrictive stop of a stava

 

The second indicator is the normal moving average with parameters: 50, close, Linear Weighted. Both indicators are among those built into Metatraider and will not put them on the schedule. The envelope is the Wild River, though on the chart, it looks Н4 calm. МА50 is a signal line that, together with the price, shows the moment of entry.

 

Trade tools are allowed any, but developers place special emphasis on two pairs, in the quotation of which there is a yen: EUR/JPY and GBP/JPY. Two pairs in total can give 3-4 deals a month - if you don 't have enough, look for additional ways or try a Wild River strategy on other currency pairs and timeframes.

 

The size of the stop loss depends on the situation in the market, but given that the trade is carried out Н4 the market, it will be considerable. Therefore, it is dangerous to enter a large lot - leaks in the Wild River happen. Stop loss can be up to 50 points. Taking into account the recommended permissible losses of 1-2%, the flexibility of the transaction will be small. A restrictive stop is put for the last extremum that was in front of the signal to the input. Then we accompany the deal as usual - break-even, transfer of foot for a new extremum or trailer stops.

 

The picture below shows the current situation. If in the near future there are two rising Japanese candles in a row, which will close above the envelope, it will be possible to open a deal in Buy.

 

Examples of transactions

The figure below shows examples of entry into the Wild River strategy deal for sale. Green boxes are places where all conditions are met. There are two descending candles in a row under the "river," the muving being below the envelope.

The blue rectangle does not comply with the rules on the forex trading strategy "Wild River" because there is no closure of two candles in a row. As we can see, subsequently the price did go down. It is such moments that become in the future a source of temptation to enter into a deal that does not comply with the rules of strategy. Be careful and fight such temptations!

 

The deal for sale is opened on the second candle, which closes under the "river." The feet are quite large - from 50 to 90 points. However, the profit for each of the first two deals would be 500-600 points. Purchase deals open according to the same algorithm, only in the opposite direction.

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