Account information:
Name of CopyFX Trader : ara
Account number : 5261407
Read only password : arafx2018
Account type : CopyFx MT4 Pro-Cent
Account currency : USD
Leverage : 1 : 1000
informer CopyFX :
Strategy Parameters:
System: Breakout - Enter a trading position if the price passes the support/resistance level towards the trend phase.
False Breakout - Enter a trading position if the price passes the support/resistance level but return to consolidation area.
Overbought/Oversold - Enter a trading position if the price pullback from the support/resistance level.
Difficulty: complex
Timeframe (TF): M5 | M15 | M30 | H1
Trading pairs: Multicurrency
Strategy Description:
First of all, I say that this is a complex strategy that comes from my own idea, why do I say that this is a complex strategy? Because here I will use multilevel lotsize settings. But of course I take into account the risk management and money management aspects.
Indicators :
- Zigzag (default indicator), default setting, the main indicator for analyzing markets and determining entry positions
- iExposure (default indicator), indicator to calculate the number of buy and sell positions and lot size. It is very helpful in managing the total lot size in the multi positions trading system.
- Profit (I found this indicator in this forum), serves to provide information about BEP and MC level.
Trading setup :
Opening orders Buy or Sell, I will use zigzag to determine support/resistance, then determine the signal for entry position during breakout, false breakout, and overbought / oversold.
Lot size, I will use multi trading positions (add new positions in each new signals signal in the opposite direction to the last position, close all positions if I get from overall positions). and multilevel lot sizes (lot size will increase in each positions). There are no rules on what percentage or calculation for lot size multiply, depend on remaining equity.
Explanation from the picture above:
1. Getting a breakout signal, open sell 0.10 lot size
2. Get a false breakout signal, open buy 0.20 lot size
3. Put a 0.40 lot size sell stop under the new support to anticipate the breakout
4. Close all positions when I see profit from overall positions (TP in money)
The levels of Stop Loss, Take Profit: No stop loss, Take profit in money and when I find there is a reversal signal that reduces the amount of profit running.
Money Management, Risk management: There are no rules for lot size multiply per trades, all depends on market conditions and equity conditions. And if I find a situation that is quite dangerous, I will reduce the lot size for the next position, and also close part of the trading position in loss when the situation is not profitable based on personal analysis, feeling, and psychological aspects.
Comment moderator
- ContestFX
- Strategy confirmed
Reply With Quote
