With this 15 min strategy two powerful tools are employed to be able to identify trend and corrections within that trend. With this forex strategy, entry plays only a secondary role, as it heavily rely on pyramiding (adding to the winner). Using this position management strategy, it is possible to open multiple risk free orders, while letting the profits roll in multiple positions simultaneously.
Strategy was designed for 5 min trading to minimize capital requirements and maximize its aggressiveness.
Tools used in forex strategy.
Timeframe 15 min,
Currency pairs: Majors
Alligator forex indicator(period 26,16,10)
CCI (commodity channel index) 10
EMA (exponential moving average) 150.
Forex strategy rules:
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Buy
We identify uptrend by observing alligator indicator.
Lines are clearly separated and lined from top to bottom: green, red, blue.
Alligator and price are above EMA 150.
CCI falls below – 100 line on price swing low. We wait for bullish candle to close and we enter on next candle open.
We place stop loss 1 pip below the low reached by the price, while CCI was below -100.
Take profit: Here it is where it gets interesting.
Green Alligator line falls below red (or any other alligator line becomes tangled with each other or with EMA). We exit all positions.
Meanwhile, we can open buy position on any valid signal. With following rules.
All of our already opened positions are in profit.
We always move all of our stop loss orders at latest opened positions signal low. This way we can protect gains of positions that are already in profit and minimizing loss for our latest position.
Sell
We identify downtrend by observing alligator indicator. Lines are clearly separated and lined from top to bottom: blue, red, green.
Alligator and price are below EMA 150.
CCI rises above + 100 line on price swing high. We wait for bearish candle to close and we enter on next candle open.
We place stop loss 1 pip above the high reached by the price, while CCI was above +100.
Take profit:
Green Alligator line rises above red (or any other alligator line becomes tangled with each other or with EMA). We exit all positions.
Meanwhile, we can open sell position on any valid signal. With following rules.
All of our already opened positions are in profit.
We always move all our stop loss orders at latest opened position signal high. This way we can protect gains for positions that are already in profit and minimizing loss for our latest position.
