the patterns
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Thread: the patterns

  1. #1
    Trader tfs2012's Avatar
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    Apr 2017
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    the patterns

    Account details
    Type of CopyFX account ; Trader
    Name of CopyFX Trader ; tfs2012
    Account number ; 5255794
    Read only password ; tfs2012fx
    Account type ; CopyFx MT4 Pro-Cent
    Account currency ; USD
    Leverage ; 1 : 1000




    Strategy parameters
    System ; trend/breakout/.
    Difficulty ; complex.
    Timeframe ; All
    Trading pairs ; All.
    Tools and indicators ; Fibonacci retracement, horizontal, trendline, MACD.
    Type of analysis ; Technical.
    Chart type ; Candlestick, line chart.
    Risk and reward ratio ; 1:1 to 1:10
    Type of entry ; Manual execution, pending order.
    Type of exit ; Stop loss or direct cut loss.

    Strategy Description:


    Short Position:

    I will open a sell position when the price breakout the pattern this is an example of a chart pattern I will use the same logic with candle patterns
    Stop loss is above the pattern and take profit will be set according to the pattern used

    usdjpy-h4-roboforex-cy-ltd-2.jpg

    If the pattern used is a Harmonic pattern, a sell position will be opened when the pattern is completed
    Take profit will be determined based on support levels or Fibonacci levels

    usdjpy-h4-roboforex-cy-ltd-4.jpg

    Long Position :

    i will open a buy position when the price breakout the pattern
    Stop loss is below the pattern and take profit will be set according to the pattern used

    usdjpy-h4-roboforex-cy-ltd-3.jpg

    If the pattern used is a Harmonic pattern, a buy position will be opened when the pattern is completed
    Take profit will be determined based on support levels or Fibonacci levels


    audusd-h1-roboforex-cy-ltd-2.jpg

    Lot size will be between 0.01 and 0.05 depending on the quality of the opportunity.
    The risk reward ratio shall not be less than 1/1 and may reach up to 1/10 depending on the quality of the opportunity
    Information on each pattern used in trading will be provided for later

    Note
    In this system, I will use candle patterns, chart patterns, and harmonic patterns as well as support and resistance levels
    I may use one of them independently or use two or three things together.

    good luck

    Comment moderator

    1. ContestFX
    2. Strategy confirmed

    Not allowed!
    Last edited by ContestFX; 10-08-2018 at 06:15 PM.

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