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Forex Strategy “The Outsider Method”

Before starting to work with this strategy, on the graph put the EMA with parameter of 9 and the 9 to 15-minute period of the GBPUSD currency pair.

Then the candles should be put on the graph. Make a deal if there are following conditions:

  • The EMA is not touched with the candle’s body and shadow.
  • Low and High candles should be at least on the distance of 1 point from the EMA.
  • The closing price of candles should be higher than the antecedent High (the trend of Bull) or lower than the antecedent Low (the trend of Bear).

When the next candle opens in a bull market, make a buying deal.

When the next candle opens in a bear market, make a selling deal.

One should exit the market if:

  • There is an open transaction without delay TP and SL.
  • SL must be set to High or Low in the antecedent candles.
  • TP must be on a distance that is equal to the antecedent trading candle’s size of the body.
 

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

 

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