Forex Strategy «Daily Fozzy Method» Published: 25. Similarly, the set indicator forex ATR with 20 as the window indicator forex RSI. Note: Under «Color» to choose none, fozzy forex we need only the volume. These indicators are present in a standard forex trading platform set MT4, ATRshannel — after forex strategy.
On the main chart is a moving average EMA with a period of 28. Clearly, for large values of ATR is needed and a large stop-loss. Let’s look at the picture as it is done. To this end, we define what levels of support or resistance of steel.
But do not forget to add another 5-10 pips for the insurance, in case a sudden price still goes to yesterday’s high or low and otskochet from him. In this case, we do not set the final Take-profit. On the next trading day if the market is still going in our direction, we move our stop-loss depending on price movements in the market, or fix a portion of the profits, or if it would be appropriate — reduce the size of stop-loss. As a result, we obtain an ideal situation, when we are in the deal and we already have some profit and we can afford to follow the trend without much risk. Take a look at Figure 3. On the price chart shows that the forex indicator gave us a buy signal. When you buy at the lower boundary of him, and for sale at its upper limit.