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Forex Strategy “The Bat (Die Fledermaus)”

This is a medium-dated strategy, which is pretty easy to utilize. In this strategy the correlation of loss to profit is very good. Basically, forex indicator is applied here, which is designed on the basis of the ATR indicator.

When setting the strategy, put 1 hour as a time range for the commercial pair GBPUSD. Then install the indicator and Fibonacci lines price plot.

Entering the market:

Start a trade deal when the price breaks the “BAT” line. If the “BAT” line is colored in a blue color, then the price is higher than it. When the price approaches and traverses the “BAT” blue line, make a sale deal. A pending order can also be placed on the “BAT” line so the point of entering the market can’t be missed. When the blue line will be cracked, the start will draw a line colored in red. It happens after the closing of the next bar on the graph. When making a buying deal, all the same rules are applied but the opposite way.

 

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

 

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