Anyone remember the "Frogger" game where a frog must pass a river ?
This strategy is like a game.
Immagine you that the cyan lines are a River, any time the price can cross up or down this river, you must buy or sell only when the bar are dry..
BUY at highest price of the first bar that is completely dry over the river SELL at the lowest price of the first bar that is completely dry under the river
Stoploss is placed at the river bands, take profit is placed at 1:1 and 1:2 ratio, a risk money management must be applied.
This strategy can be used with multiple time frame, i'm testing it in 15min,180m and daily base applyed to EURJPY.
I'm confused... you buy when you cross above the river set a stop loose at the red line below the buy point and then take profit (SELL) at the two purple lines above the buy candle
then you sell when the candle crosses below the river...but you have already sold at the take profit lines above the river??????
king.cholette
⋅
ho wow
ZLu
⋅
Really nice idea!
LazyBear
⋅
Like the idea, nice.
beller
⋅
Split your monitor in 4 panels, place this system at 15min (first panel), 180min , 240min and Daily... and look... what do you see? ;-)
Algyros
⋅
Thanks, Beller. Two questions: 1. Could you explain your take profit strategy? 2. Have you tried this idea with other instruments (SPY, for example)?
Again, appreciate the great idea.
beller
⋅
basically 3 trade, TP at 1x, TP at 2x, TP based to trailing 80-110% of SL, move SL to breakeven when TP 1x is taked and not more then 200pips of SL x trade, i haven't tried it in another instruments, this strategy need good volatility and movements, maybe in USDJPY.
then you sell when the candle crosses below the river...but you have already sold at the take profit lines above the river??????