Trading Strategy Average Candle

01 May 2011
Average trading strategy designed to spark two custom forex indicators , which you can download at the conclusion of the description. Medium-Term Strategy, trade is conducted on the H4 timeframe. Multicurrency Strategy - applicable to any currency pair.

Market: Forex;
Currency pairs: any;
Timeframe: H4;
Forex indicators: Center of Gravity, Candle Average;
Strategy: Medium, indicator;
Protective orders: StopLoss, TrallingStop, TakeProfit.
Rules of the trading strategy Average Candle

Bid opens if:

1.Candle touching the lower channel boundary Center of Gravity (green bar).
2.LED Candle Average is below -0.81.

Deal on open sell, where:

1.A candle for the upper channel boundary Center of Gravity (red line).
2. LED Candle Average is above 0.81.




Money management rules and protective orders

- Many traders prefer not to use StopLoss order to trade, because they believe in the inerrancy of the trading strategy .

- For those who are used to hedge offer StopLoss exhibit roughly the size of 50-100 points, because sometimes the currency pair may take some time to change the trend.

- TakeProfit also do not use all traders, preferring to shut Trailing Stop.

- The history of good results showed the following method of closing trading positions: half of the position is closed after crossing the midline of the channel Center of Gravity (blue line), then StopLoss moved to breakeven, and finally the position is closed when the opposite boundary of the channel indicator Center of Gravity.
Download the indicators of a trading strategy

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