In a USDJPY 5-minute chart, a small, five-win streak with +24.4 pips example

Hello!

FX Research, this is Satori.

This time, using USDJPY 5-minute chart, I will share a signal example of a 7 hour 30 minute uptrend with 5 consecutive wins + 24.4 pips.


The figure below shows a case where buying on a 0.45 pullback from the previous up-move on the USDJPY 5-minute chart.

http://livedoor.blogimg.jp/fxmt4indicator/imgs/8/f/8f0eafc0.gif

The exit is at the previous high.

During the last upward acceleration, if you were holding a long, there was a 45 pips profit-taking opportunity, but

here, we are presenting the results of trading according to the rules, not a fortunate example.


The image below is an enlarged view of the signal example.



http://livedoor.blogimg.jp/fxmt4indicator/imgs/7/a/7a657b58.gif


You can see that lows are being raised while the uptrend is formed.

In ordinary Fibonacci ratios, we use 0.236, 0.382, 0.5, 0.618, 0.764, but

In the validation, the "Fibonacci Retracement Indicator Push Up" used detects nine pullbacks and retracements by adding 0.3, 0.45, 0.55, 0.6.

http://fxmt4indicator.abproducts.biz/wp/?page_id=2255


Here, we perform a 0.45 pullback buy.


As shown in the table below, in an 7 hours 30 minute uptrend, there is a case of small, steady 5 consecutive wins + 24.4 pips profit.


http://livedoor.blogimg.jp/fxmt4indicator/imgs/6/d/6d655707.gif


When trading according to Dow Theory, the basic usage of indicators and EA is to buy when the lows are rising and sell when the highs are falling.


In Fibonacci terms, it depends on market strength whether to use a 0.382 pullback, or 0.5 or 0.618; in cases like this, using a 0.45 pullback can yield better results.


Having more options for settings might be better.