Forex trading system “High Probability System
This system is designed for medium-term trading on timeframes from 30 minutes to the daytime. The best results are obtained on the most volatile currency pairs. The author of the system recommends GBP/USD, GBP/JPY, EUR/JPY, EUR/USD, USD/JPY, GBP/CHF pairs. Average profitability of the system is 50-70 points per transaction.
Applicable indicators: Zig Zag, Non lag Zig zag, Zig Zag Pointer, Stochastics (14,3,3), Daiy Average Range and FiboPivot. The Zig Zag indicator is rarely used because of the lag. The indicator is optimized with several settings to filter out false highs and lows. The Stochastics indicator shows the overbought and oversold levels, which allows you to specify the entry points. The Daiy Average Range indicator shows the volatility of the pair, and FiboPivot gives support and resistance levels
To enter the buying market, wait until the Zig Zag indicator shows the bottom of the M30 chart. After that, we look at graphs H1 and H4. If the indicators coincide, and the stochastics show oversold, buy. Takeprofit set 50 points and stop loss 30 points. For the GBP/JPY pair, these values are 70 and 50. If the indicators coincide on the daily chart, the risk can be increased up to 100 points of profit and 85 stop loss. These dimensions are approximate. They can be changed depending on the level of daily volatility
The conditions are the opposite for entering sales. The Zig Zag indicator should show the top and the stochastics should show overbought. The conditions for receiving a profit are the same. In any case, it is necessary to take into account the support and resistance levels, as the price may rebound from these levels.
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