The Mouth Crocodile

[kie202]

Type of Copy FX account: Trader
Name of CopyFX Trader: kieuki
Account number : 5261429
Read only password : kiki
Account type : CopyFx MT4 Pro-Cent
Account currency : USD
Leverage 1 : 500



Strategy Parameters

Bollinger Bands : set up default
ADX : set up default+21 level
Time frames : 30m, H1
Trading pairs : All pairs
Strategy difficulty: Medium
System : Breakout

Strategy Description
Search market consolidation or market sideway before open order. The ADX indicators under level 34 or the best at under 21 level. And the market ranging at between bollinger bands. This is market sideway likes body's of the crocodile, but when market volatile the Bollinger band stretch like the mouth of crocodile. So only open order when its touch the upper or lower line bollinger bands and when indicator ADX through level 21.


Buy
Candlestick touch the upper bollinger band and ADX through level 21, then open buy order


Sell
Candlestick touch the upper bollinger band and ADX through level 21, then open buy order


Note: set up stop loss at line Bollinger band and Take profit when candlestick did not touch again the line Bollinger. Although you can improve about risk ratio of stop loss and take profit but that is my suggest for you all. My picture in time frame h1 but most predictable in 30 minutes time frame.
this my template
the mouth crocodile.tpl

Comment moderator

1. ContestFX
2. Strategy confirmed