Forex Strategy for BAT ATR indicator and Fibonacci levels - a simple break-trade system, something similar to the strategy of The Bat (Die Fledermaus).
Market: Forex;
Currency pairs: any;
Timeframe: from M15;
Forex indicators: BAT ATR v1 and mesh Fibonacci;
Strategy: break;
Protective orders: StopLoss, TakeProfit, level zero ".
Indicators for the trading strategy
On the schedule for the chosen currency pair set:
1) LED BAT ATR v1 with parameters ATRPeriod - 1, Factor - 6, BackPeriod - 100000;
2) Fibonacci levels with the following levels:
- 0 - 0;
- 0.5 - for orders StopLoss;
- 0.618 - for Limit-Order;
- 1 - to deferred Stop-order;
- 1.382 - a level zero ";
- 1.618 - a level of profit 1;
- 2 - profit level 2;
- 2.618 - a level of profit 3.
Rules of the trading strategy
Conclude a deal to buy, provided that the following items:
1.Price breaks the green line indicator BAT ATR v1, it changes its color to red, and jumps at a price;
2.After closing the first candle after the breakdown of BAT ATR v1, construct a grid Fibonacci - from point 1 to point 2 (the nearest local minimum);
3. Set up two pending orders (equal lot - for example 1.0) BuyStop 2-3 points higher than point 1 (level - "Stop-deferred warrant");
4. At the level of "Limit-Order" establish order - BuyLimit (the same amount - a lot);
5. Stop-loss for all three positions place on 1-5 points below the level of "StopLoss".
6. Take-profits for each position is set at the following levels: Limit-order - at a level of profit
and profit level 2 and 3, respectively, second and third order BuyStop.
7.Once the price reaches the "level" zero ", all 3 orders swap to zero (ie the purchase price - for this will limit the level of point 3, and for BuyStop-in - the level of point 1).
8. As soon as the two orders were closed for a profit levels 1 and TRAC 2, portable StopLoss on the third warrant for the level of profit 1.
Figure 1 shows an ideal option: have been opened 3 orders - BuyLimit and 2 BuyStop, and all 3 are closed on TakeProfit. In fact is not always open 3 orders, sometimes remains involved a limit order, or he closes the stop-loss (which is very small in this case).
If the price level after a battered green line ATR does not roll back down to the close of a candle, and the next candle opens above the closing "candle penetration at point 1, we conclude two deals to buy at market price. Usually this indicates a fairly strong uptrend and it is quite possible that the price will not return as early as limit orders.
For transactions on the sale conditions the reverse:
1.Price breaks the red line indicator BAT ATR v1, it changes its color to green and jumps higher prices;
2.After closing the first candle after the breakdown of BAT ATR v1, construct a grid Fibonacci - from point 1 to point 2 (the nearest local minimum);
3.Set up two pending orders (equal lot - for example 1.0) Sell Stop at 2-3 points higher than point 1 (the level of "Stop-deferred warrant");
4.At the level of "Limit-Order" establish order - SellLimit (the same amount - a lot);
5.Stop-loss for all three positions place on 1-5 points below the level of "StopLoss".
6. Take-profit for each item set at the following levels: Limit-order - at a level of profit
and profit level 2 and 3, respectively, second and third order SellStop.
7.Once the price reaches the "level" zero ", all 3 orders swap to zero (ie, the sales price - to limit this to the level of point 3, and for SellStop-in - the level of point 1).
8.As soon as the two orders were closed for a profit levels 1 and TRAC 2, portable StopLoss on the third warrant for the level of profit 1.
f the price level after a battered red line ATR does not roll back up to the close of a candle, and the next candle opens above the closing "candle penetration at point 1, we conclude two deals to sell at market price. Usually this indicates a fairly strong downward trend and it is quite possible that the price will not return as early as limit orders.
In Figure 2, after the close of "candle penetration" were installed two SellStop warrants, which are opened on the next candle, the price has not reached the level of open limit order. All three deals were closed in profit.
Download an indicator and the pattern of trading strategy
Market: Forex;
Currency pairs: any;
Timeframe: from M15;
Forex indicators: BAT ATR v1 and mesh Fibonacci;
Strategy: break;
Protective orders: StopLoss, TakeProfit, level zero ".
Indicators for the trading strategy
On the schedule for the chosen currency pair set:
1) LED BAT ATR v1 with parameters ATRPeriod - 1, Factor - 6, BackPeriod - 100000;
2) Fibonacci levels with the following levels:
- 0 - 0;
- 0.5 - for orders StopLoss;
- 0.618 - for Limit-Order;
- 1 - to deferred Stop-order;
- 1.382 - a level zero ";
- 1.618 - a level of profit 1;
- 2 - profit level 2;
- 2.618 - a level of profit 3.
Rules of the trading strategy
Conclude a deal to buy, provided that the following items:
1.Price breaks the green line indicator BAT ATR v1, it changes its color to red, and jumps at a price;
2.After closing the first candle after the breakdown of BAT ATR v1, construct a grid Fibonacci - from point 1 to point 2 (the nearest local minimum);
3. Set up two pending orders (equal lot - for example 1.0) BuyStop 2-3 points higher than point 1 (level - "Stop-deferred warrant");
4. At the level of "Limit-Order" establish order - BuyLimit (the same amount - a lot);
5. Stop-loss for all three positions place on 1-5 points below the level of "StopLoss".
6. Take-profits for each position is set at the following levels: Limit-order - at a level of profit
and profit level 2 and 3, respectively, second and third order BuyStop.
7.Once the price reaches the "level" zero ", all 3 orders swap to zero (ie the purchase price - for this will limit the level of point 3, and for BuyStop-in - the level of point 1).
8. As soon as the two orders were closed for a profit levels 1 and TRAC 2, portable StopLoss on the third warrant for the level of profit 1.
If the price level after a battered green line ATR does not roll back down to the close of a candle, and the next candle opens above the closing "candle penetration at point 1, we conclude two deals to buy at market price. Usually this indicates a fairly strong uptrend and it is quite possible that the price will not return as early as limit orders.
For transactions on the sale conditions the reverse:
1.Price breaks the red line indicator BAT ATR v1, it changes its color to green and jumps higher prices;
2.After closing the first candle after the breakdown of BAT ATR v1, construct a grid Fibonacci - from point 1 to point 2 (the nearest local minimum);
3.Set up two pending orders (equal lot - for example 1.0) Sell Stop at 2-3 points higher than point 1 (the level of "Stop-deferred warrant");
4.At the level of "Limit-Order" establish order - SellLimit (the same amount - a lot);
5.Stop-loss for all three positions place on 1-5 points below the level of "StopLoss".
6. Take-profit for each item set at the following levels: Limit-order - at a level of profit
and profit level 2 and 3, respectively, second and third order SellStop.
7.Once the price reaches the "level" zero ", all 3 orders swap to zero (ie, the sales price - to limit this to the level of point 3, and for SellStop-in - the level of point 1).
8.As soon as the two orders were closed for a profit levels 1 and TRAC 2, portable StopLoss on the third warrant for the level of profit 1.
f the price level after a battered red line ATR does not roll back up to the close of a candle, and the next candle opens above the closing "candle penetration at point 1, we conclude two deals to sell at market price. Usually this indicates a fairly strong downward trend and it is quite possible that the price will not return as early as limit orders.
In Figure 2, after the close of "candle penetration" were installed two SellStop warrants, which are opened on the next candle, the price has not reached the level of open limit order. All three deals were closed in profit.
Download an indicator and the pattern of trading strategy
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