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Forex Strategy “Daily Volatility Breakout”

Forex Strategy “Daily Volatility Breakout” - Forex-Strategy-Daily-Volatility-Breakout_1-300x192Strategy “Daily Volatility Breakout” – is a very simple strategy  based  on pending orders BuyStop and SellStop which levels of installation are determined with  very simple formula and depend from market volatility index of previous day.

Recommended trading steams are EURJPY and GBPUSD.

Let’s consider tactics of trade:

1. The pending orders on purchasing are established under the following scheme:

BuyStop is an  opening price of the today’s market + 70 % of a previous day’s  candle + spread size on trading pair.
StopLoss = 50 % from size of a previous day’s candle.
2. The pending orders on sale are established under the following scheme:

SellStop = Opening price of the today’s market minus  70 % of a previous day’s candle
StopLoss = 50 % from size of a yesterday’s day candle.

For the calculation of the  pending orders level exhibition and StopLoss levels you can use indicator Daily Volatility Breakout, the link for  downloading is below.
It is important! As soon as the profit will be +50 – +70 pips  – change StopLoss level in the «in the black» level If you want you can use trailing-stop on distance – 35-50 pips.

TakeProfit in this strategy it is not established — closing of  transaction is made  at  closing of day or with a trailing-stop. 

Forex Strategy “Daily Volatility Breakout” - Forex-Strategy-Daily-Volatility-Breakout_11

Important points:

- All pending orders which within day didn’t  work must be closed before end  of the day.

- If one of pending orders has worked, then the second pending order that didn’t work, must be removed.

Download Forex Strategy “Daily Volatility Breakout”

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Rating: 8.8/10 (6 votes cast)
Forex Strategy “Daily Volatility Breakout”, 8.8 out of 10 based on 6 ratings
XM - Trading with Leverage 1000:1

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