The principle of this strategy:
1) we build H1 and M15 trends using two last fractals of towave indicator
2) trade is opened when M15 trend is broken (crossed) through resistance point (+/- 3pips) in one case - with breakthrough H1-trend (situations 1,2,4) and in other case - in direction of H1-trend (sit.3,5)
3) stop-loss is set on the last fractal of M15-timeframe (+/-3 pips)
4) trade finished when M15-trend is crossed in reverse direction
Strategy uses two indicators ToWave indicator and TREND-MA.
The indicator TREND-MA draws support/resistance lines. The indicator ToWave uses Elliot theory base. Look on price changes, ToWave builds extremums('resistance points'), fractals (significant point of trend).
Examples of trades on USDJPY: 15.01.2015-16.01.2015 - Profit: 89 pips
At this days I provided two successfull trades:
1) case №3 - sale trade is opened - М15-trend is crossed into Н1-trend direction (I)
2) case №5 - buy trade is opened - М15-trend is crossed into Н1-trend direction (2)
H1-timeframe
More details on look on Facebook in my page ToWaveStrategy and my site assigned with it.
1) we build H1 and M15 trends using two last fractals of towave indicator
2) trade is opened when M15 trend is broken (crossed) through resistance point (+/- 3pips) in one case - with breakthrough H1-trend (situations 1,2,4) and in other case - in direction of H1-trend (sit.3,5)
3) stop-loss is set on the last fractal of M15-timeframe (+/-3 pips)
4) trade finished when M15-trend is crossed in reverse direction
Strategy uses two indicators ToWave indicator and TREND-MA.
The indicator TREND-MA draws support/resistance lines. The indicator ToWave uses Elliot theory base. Look on price changes, ToWave builds extremums('resistance points'), fractals (significant point of trend).
Examples of trades on USDJPY: 15.01.2015-16.01.2015 - Profit: 89 pips
At this days I provided two successfull trades:
1) case №3 - sale trade is opened - М15-trend is crossed into Н1-trend direction (I)
2) case №5 - buy trade is opened - М15-trend is crossed into Н1-trend direction (2)
H1-timeframe
More details on look on Facebook in my page ToWaveStrategy and my site assigned with it.