Pyramiding allows you to double, triple or ten fold your position size. If you do it correctly, you will do so while not increasing the risk you take. All youre existing profits should be covered, and protected by stop loss orders or its alternatives, such as break even or trail stop orders
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This forex strategy, uses pyramiding while limiting the risk with the best option – trailing stop. The trail stop follows the price like a hound. Guarding any profits and looking to improve winning position size. At theforexkings, we don't just telly you how great it is. We also show you the results and give you a free expert....
If you find it useful, comment and share. Do not hesitate to ask the question down in the comments ! Tests are showing, that there are hundreds of profitable settings in EURUSD 1H chart alone. The expert can be applied only on one currency pair at time so pick wisely !
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We have tested strategy for profitability with following settings:
Used forex tools and indicators
Alligator indicator (780,200,80)is used as a trend identification tool. All lines must be lined accordingly for us to enter the trade.
MACD (12,26,9) is used to find the best suited spot (correction end) to enter on following rapid movement in the direction of trend.
Strategy enter up to a five position in the same direction under the condition that floating account profit is positive or equal to zero.
Trailing stop is adjusted after each candle close. Extra deviation (70 pips) can be applied to adjust the expert for different currency pair and time frames.
Forex strategy rules
SELL:
All Alligator lines aligned according to downtrend. From slowest at the top to fastest at the bottom (blue, red, green). Lines are untangled. We will enter short positions only.
Signal: MACD histogram is above zero. Once it falls below red signal line, we enter the position short under these conditions:
Candle closed. Floating account profit is not negative. No more than 5 trades opened simultaneously.
Trailing stop: adjust it after each closed candle high. Once its hit, the position is closed regardless of profit. Additional distance can be used (trail stop extra deviation)
BUY:
All Alligator lines aligned according to uptrend. From fastest at the top to slowest at the bottom (green, red, blue). Lines are untangled. We will enter long positions only.
Signal: MACD histogram is below zero. Once it rises above red signal line, we enter the position long under these conditions:
Candle closed. Floating account profit is not negative. No more than 5 trades opened simultaneously.
Trailing stop: adjust it after each closed candle low. Once its hit, the position is closed regardless of profit. Additional distance can be used (trail stop extra deviation)
Notes: Strategy sometimes allow for multiple positions to move to loss due to the trail stop being deviated by 70 pips. This was however one the best setting combination revealed during the test.
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Disclaimer: Expert advisor was tested for profitability on historical data. All screen shots provided are displaying real results of the test. However past data will never guarantee future success. Every expert advisor needs to be tested properly on demo account. LIVE use only on your own risk. Read full disclaimer. TheForexKings Team does not give any financial advice. TheForexKings does not take any responsibility for any user’s investments and investment decisions. All rights reserved. Strictly for personal use.
