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Forex Strategy “1 Trade a Day”

This forex strategy is one more break-out strategy that used for transactions only 1 time a day. The transactions can be done only at the closing and at the breakthrough of the Asian session. The trade is applied just with those currency pairs that include the British pound, for example GBPUSD, GBPCAD, GBPJPY, GBPCHF, GBPAUD, etc. As after the Asian session the English session starts.

One should set the ant-GUBreakout_V.0.4.4ex4 indicator for the selected currency pair in advance. It will help to indicate the start and the end of the Asian session.

The warrant closing means to get profit or stop-loss, in spite of how many days the open position will be.

If the open order is not closed, then the order was not inserted.

If the closing of the order didn’t happen at the end of the day of trading, then it closes with the current price of market.

If the closing of the order happened at the end of the day, then the transaction of fractal or a stop-loss level happens. One should wait to take profit or when there will be the closing of the next position by stop-loss.

 

Trading spot currencies involves substantial risk and there is always the potential for loss. Your trading results may vary. 

 

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