GBPUSD 15-minute chart Buy-add pyramid trading example
Hello!
Satori here, researching FX.
This time we bring you “GBPUSD 15-minute chart Buy More Pyramid Buying/Selling Example.”
The figure below shows the trading example for last week, June 29, 2018, for 14 hours and 30 minutes Japan time.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/4/8/48d725ff.gif
The line connecting the red and blue highs represents a 1-pip reversal.
In other words, when the price drops 1 pip from the high, a downward red line appears, and when it rises 1 pip from the low, an upward blue line appears.
As shown above, by buying after crossing the previous three peaks (possible with the Break Catch Indicator/EA described later) and selling when the previous one valley is broken, the gains are: (1) +25.4 pips,
(2) +33.6 pips, (3) +28.1 pips, for a total of +87.1 pips.
The blue ellipse shown above before the rebound marks the point where, after a 4–5 hour adjustment, the valley bottoms out and rises.
(Like (1), it may dip briefly and be shaken, but it serves as a guideline for whether it will exhaust downward energy and then rebound.)
If you use pyramiding to buy one position at a time during this period, you can gain +203.8 pips as shown below.
http://livedoor.blogimg.jp/fxmt4indicator/imgs/0/7/0771c016.gif
Such ideal timing for pyramiding is a rare event that occurs about once a month, but please use this as a model and apply it in various situations.
The indicators and related EA related to today’s article are as follows.
The EA is not for long-term operation; its main purpose is to be used as a tool that can be turned on/off as appropriate according to the situation.
You can set it to buy after crossing the previous three peaks, sell if the previous three valleys are broken!
Buy when the price exceeds the previous high, sell when it breaks the previous low; the EA automatically places stop orders without communication lag, and the indicator provides signals, emails, and alerts
MT4 Non-repainting Arrows and Email Alert N- and inverted-N Entry Indicator
Shows non-repainting arrows for N and inverted-N formations; provides email and alerts!
Clear highs and lows as proposed by Dow Theory and Elliott Wave; supports all currencies from 1-minute to weekly charts!
Signals are produced on pullbacks of 0.382 or 0.618 from the high of the rally; supports all currencies from 1-minute to weekly charts!
If you email questions, answers with diagrams or charts on the blog are more efficient, so responses will be posted as anonymous questions.