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Monday, May 10, 2021

Useful FOREX TRADING STRATEGY

Useful FOREX TRADING STRATEGY

FOREX TRADING STRATEGY with 20MA & chandelier Stop by TIZ

The BWAB Trading Strategy (LONG SETUP)

- Market is in a range (80 candles or more)
- The price approach the highs of Resistance and forms a tight consolidation (buildup)
- The 20 MA touches the low of the buildup
- Place a buy stop order above the highs with 3 ATR trailing stop loss ( chandelier Stop )

The BWAB Trading Strategy (SHORT SETUP)

- Market is in a range (80 candles or more)
- The price approach the lows of support and forms a tight consolidation (buildup)
- The 20 MA touches the highs of the buildup
- Place a buy stop order below the lows with 3 ATR trailing stop loss ( chandelier Stop )
The BWAB Trading Strategy (SHORT SETUP)

Chandelier Stop settings = Trailing stop loss

Look Back perio = 1
ATR Period = 22
ATR Multiplier = 3

The chandelier stop offers a logical possibility to set the stop loss. The sl is very tight.



from TradingView Ideas https://ift.tt/3f8dC91
via gqrds

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