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.
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.
Nota
Another example:Nota
The result:
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Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.