Jpy
GBP/JPY Daily time FX Strategy ATR W% BaselineThis is a preety good strategy suited for long term trading.
It has been adapted and optimized in this case for GBP/JPY 1D time frame.
Its made of Kiojun baseline, together with ATR for stop loss and size calculation and Williams % R
For the purpose of this example we simulate that we have a leverage of 100x in order to be able to buy the ammount of lots required for our stop loss to be in same page with the risk % of our capital.
For entry we have for long, ascending R in the last 2 candles and crossover of close with KIOJUN baseline. For short the same but in reverse.
We exit if we reach the TP -100 points in this example, or SL , which is based on ATR of the last x days.
If you have any questions feel free to write me in private !
JPY RSCJPY Relative Strength Comparison to the basket of other major currencies.
jpy = (1/usdjpy + 1/cadjpy + 1/chfjpy + 1/eurjpy + 1/gbpjpy + 1/audjpy + 1/nzdjpy)/0.07
PULLBACK CANDLESTICK STRATEGY BY SIMPLE TRADING TECHNIQUESArrow represent trade setup
Circle represent triggering of the trade
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1. Where to place stop loss?
2. Where to exit the trade?
3. How to protect gains in your trade?
4. How to apply money management rule?
5. How to trade gap opening?
