Buy when the price is rounded up from the low and it surpasses the previous high!

Hello!

FX Research, Satori here.

Today I will deliver “when the price is rising from a trough and breaks above the previous high, buy!”

The figure below shows the GBPUSD 1-hour chart with the Break Catch Indicator display and trading example using EA limit orders.

http://livedoor.blogimg.jp/fxmt4indicator/imgs/a/f/af521b87.gif

The red and blue lines are the indicator displays.

Since the EA is set for more than one position, when prices rise from the trough and break above the previous high, it buys with +34 pips, +44.7 pips,

and from the previous decline’s sell, +1.6 pips, +33.2 pips were captured.

Since a position is held and three candles have formed, it is set to close, allowing the sell position to close at the bottom.


The figure below shows the GBPJPY 4-hour chart with the Break Catch Indicator display and trading example using EA limit orders.

http://livedoor.blogimg.jp/fxmt4indicator/imgs/7/1/71267bef.gif

Limit orders are canceled if the conditions such as rising highs and falling lows are not met.

Also, by default they are canceled on Friday at 21:00.

During a trend, you can repeatedly buy when the price rises from the trough and breaks above the previous high.


The EA and indicators used today are as follows.


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MT4 Break Catch you can use for day trading and swing trading—with separate
spin-off EA for scalping

http://fxmt4indicator.abproducts.biz/wp/?page_id=2372