Trading Strategy Line Balance is designed to trade on H4 charts all currency pairs to trade, we need only one exponential moving average with period 25 - EMA (25), apply it to a close. Trading occurs only pending orders and BuyStop SellStop.
Market: Forex;
Currency pairs: different;
Timeframe: H4;
Forex indicators: EMA (25);
Strategy: Medium;
Protective orders: stop loss, trailing stop.
Line Balance Rules of the trading strategy Line Balance
For placing orders, you must find the price chart last complete bar moving average crosses the EMA (25). Important: Completed bar - is a price bar or candlestick, which has continued closing price.
Pending order BuyStop expose one point above the high bar complete crossing EMA (25) from the bottom up if the price closed above this moving average.
SellStop exhibited at one point below the minimum complete bar crossing the EMA (25) top-down, if the price closed below this moving average.
Safety stop-loss must be set to one point above the maximum or below the low bar that crosses EMA (25), but no closer than 30 pips from current price
Transaction support
Need to view your orders every 4 hours. If the position is not closed by stop-loss and is in the positive zone for you, then stop-loss to move to the maximum or minimum of the new H4 closed bar. Upon reaching 50 points and came close of the first H4 candle after the opening of the transaction, it must be translated into a trailing stop at 50 points.
Important note: if the price dramatically broke through EMA (25) and closes very far from her, pending orders is better not to install because very likely perepesi High or Low of candles and further pullback. In this case it is better to wait for the rollback, but has since then set the desired order.
Market: Forex;
Currency pairs: different;
Timeframe: H4;
Forex indicators: EMA (25);
Strategy: Medium;
Protective orders: stop loss, trailing stop.
Line Balance Rules of the trading strategy Line Balance
For placing orders, you must find the price chart last complete bar moving average crosses the EMA (25). Important: Completed bar - is a price bar or candlestick, which has continued closing price.
Pending order BuyStop expose one point above the high bar complete crossing EMA (25) from the bottom up if the price closed above this moving average.
SellStop exhibited at one point below the minimum complete bar crossing the EMA (25) top-down, if the price closed below this moving average.
Safety stop-loss must be set to one point above the maximum or below the low bar that crosses EMA (25), but no closer than 30 pips from current price
Need to view your orders every 4 hours. If the position is not closed by stop-loss and is in the positive zone for you, then stop-loss to move to the maximum or minimum of the new H4 closed bar. Upon reaching 50 points and came close of the first H4 candle after the opening of the transaction, it must be translated into a trailing stop at 50 points.
Important note: if the price dramatically broke through EMA (25) and closes very far from her, pending orders is better not to install because very likely perepesi High or Low of candles and further pullback. In this case it is better to wait for the rollback, but has since then set the desired order.
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