Hello Dear Fellow Traders and community
My self Mukesh from India and i am doing trading since last 12 year in financial market and my first step into forex market through Dukascopy,here I got second Place in strategy contest and its my second winning in Strategy contest,i am going to describe my strategy,i am using same strtgy constantly because i found its best and low risk good reward and its work good for Eur/Chf specific pair.
This Strategy is very simple and very effective i tested this strategy month on month only in Eur/Chf the outcome of this is very impressive,might be i not get winning scene every month in strategy contest but this in real practical life this strategy give normally 10% return,so i stick with this strategy only in EURCHF pair. simple logic based on Bollingfer band and Willanm % R to look overbought and oversold logic but sometime market run on trend of which is called expansion in pair or bull side or bear side so to prevent trap from such expansion i filtered this logic with Percentage Bollinger band after using Percentage bollinger band indicator this strategy makes so perfect and my strategy only gives perfect result in EURCHF pair , i also tested to others but outcome is not so good,so i stick with only EURCHF.
Here are the steps of logic follow image below for steps.
as shown an Image the strategy work on candle, first block to set default period for strategy and second block its check the for to open one position at a time.
In second step as shown an Image i described the indicator which i used.The Indicator detail are as like,Bollinger Band(20,2,2), 2)William % R(14), 3)Percentage Bollinger Band(20,2).Default Instrument i Eur/Chf i selected.
In third steps its check condition to follow trade to buy or sell as here.
Buy: If Hourly Candle Close above LOwer Bollinger Band and PBB BELOW 10 and Willam %R below -90 take order with stop loss of 300 pip and take profit of 10 pip.
image for visual stratgy logic.
Visual description on candle chart Jforex Platform where and how its took buy trade.
Sell: If Hourly Candle Close below Upper Bollinger Band and PBB BELOW 90 and Willam %R below -10 take order with stop loss of 300 pip and take profit of 10 pip.
image for visual stratgy logic.
Visual description on candle chart Jforex Platform where and how its took Sell trade.
This strategy is good and work best for Eur/Chf pair,its help me a lot to make good profit and i am using the same month on month the same in strategy contest from long time without any makor changes in settings.I hope its good to test for you alsoif any help need feel free to ask question here in comment an i am happy to give repy in it.
Thank you
Regards
Mukesh Kumar Sharma.
My self Mukesh from India and i am doing trading since last 12 year in financial market and my first step into forex market through Dukascopy,here I got second Place in strategy contest and its my second winning in Strategy contest,i am going to describe my strategy,i am using same strtgy constantly because i found its best and low risk good reward and its work good for Eur/Chf specific pair.
This Strategy is very simple and very effective i tested this strategy month on month only in Eur/Chf the outcome of this is very impressive,might be i not get winning scene every month in strategy contest but this in real practical life this strategy give normally 10% return,so i stick with this strategy only in EURCHF pair. simple logic based on Bollingfer band and Willanm % R to look overbought and oversold logic but sometime market run on trend of which is called expansion in pair or bull side or bear side so to prevent trap from such expansion i filtered this logic with Percentage Bollinger band after using Percentage bollinger band indicator this strategy makes so perfect and my strategy only gives perfect result in EURCHF pair , i also tested to others but outcome is not so good,so i stick with only EURCHF.
Here are the steps of logic follow image below for steps.
as shown an Image the strategy work on candle, first block to set default period for strategy and second block its check the for to open one position at a time.
In second step as shown an Image i described the indicator which i used.The Indicator detail are as like,Bollinger Band(20,2,2), 2)William % R(14), 3)Percentage Bollinger Band(20,2).Default Instrument i Eur/Chf i selected.
In third steps its check condition to follow trade to buy or sell as here.
Buy: If Hourly Candle Close above LOwer Bollinger Band and PBB BELOW 10 and Willam %R below -90 take order with stop loss of 300 pip and take profit of 10 pip.
image for visual stratgy logic.
Visual description on candle chart Jforex Platform where and how its took buy trade.
Sell: If Hourly Candle Close below Upper Bollinger Band and PBB BELOW 90 and Willam %R below -10 take order with stop loss of 300 pip and take profit of 10 pip.
image for visual stratgy logic.
Visual description on candle chart Jforex Platform where and how its took Sell trade.
This strategy is good and work best for Eur/Chf pair,its help me a lot to make good profit and i am using the same month on month the same in strategy contest from long time without any makor changes in settings.I hope its good to test for you alsoif any help need feel free to ask question here in comment an i am happy to give repy in it.
Thank you
Regards
Mukesh Kumar Sharma.