Forex Strategy

Forex Strategy-1 trade a day – another break-out strategy for forex transactions which are only 1 deal per day – at the closing and the breakdown of the Asian session, and trade is conducted only on currency pairs, associated with British Pound – GBP (gbpusd, gbpjpy, gbpaud, gbpcad, gbpchf, etc.), because following the Asian session opens session in London.
1. For trade strategy “1 Trade a Day”, we need to install on the chart of the chosen currency pair the indicator ant-GUBreakout_V.0.4.2.ex4 – it will be for us to indicate the beginning and end of the Asian session, the parameters of the indicator as follow:

• GMTShift – time shift your DC from GMT (for example Alpari – “1″)
• Start – the start time “box” (0:00)
• End – End Time “box” (8:59)
• Offset – the indentation from the box to be placed orders 5-10 points

2. And as for trade, we need a tool Metatrader 4 – lines (levels) Fibonacci with the levels (0, 50% and 100%).
The strategy forex “1 trade a day” as follows:
1. We await, when the box closes  ”Asian session” and stretc Fibonacci so that the level of 0 and 50% were on the extremes of the formed box.
2. Fibonacci build in 2 opposite sides, look at the example below:
. Level of 100% will indicate to us our profit target.
4. After closing the box, set 1 order on each side of the box – to buy and to sell, with orders Buy Stop and Sell Stop set at a distance of 5-10 points of maximum and minimum of the resulting box.
5. Stop-loss orders are putting on the opposite side of the box.
6. If an order is opened, the second immediately remove, because trade is only 1 time a day!
Addition to the strategy:
1. Warrant closing the only stop-loss or take-profit – no matter how many days will be an open position!
2. As long as the open order for this strategy is not closed, the following order was not placed!
3. Also there is the option of their choice:
a) if the order is not closed at the end of the trading day – at 00.00 GMT, then closes it at the current market price.
b) if the order is not closed at the end of the trading day – at 00.00 GMT, the translation of stop-loss level “zero” or a fractal, and look forward to the next position is closed by stop-loss or take-profit.
Optional:
1. Can optionally convert the position to breakeven with a trailing stop when reaching + 30% – 50% in profit on the size of the box.
2. You can make a restriction – do not trade if the box size was more than 120 points, as for such boxes is likely closing of the stop-loss, this stop-loss is too large!
To download the indicators, just write an e-mail through the contact form with a request of indicator you need.