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Puria method strategy for scalpers
Various shopping methods are very different levels of complexity in the process of development and use. If experienced currency speculator can take advantage of almost any system, for beginners who want to learn scalping, it is better to start with simpler options.
Strategy method Puria - this is a good first (second) step of scalping on Forex when it is possible to "accumulate" skill and at the same time everything is simple and clear. Note that the indicators that you will need to use a method that has a standard set of Meta Trader.
Indicator strategy method Puria based on the use of three MA and MACD. The size fixed take profit is taken, and its size depends on the currency pair chosen for trading.
The timeframe also varies from asset to asset. These parameters should be periodically (every few months) to be revised to account for changing market characteristics such as volatility.
To start first, it is possible that these values of the parameters (name, timeframe, take profit size in pips):
• EUR/GBP - D1 - 10 PP
• EUR/JPY M30 - 15 PP.
• EUR/USD - M30 - 15 PP.
• USD/CAD - H1 - 20 PP.
• AUD/USD - M30 - 10 PP.
As for stop loss, then you need to look at the volatility tool but the recommended value is 15 points. About the risks in this strategy there is no information, but assume for a comfortable conservative trading, you will need 2-5% per trade.
Indicators method Puria and trade rules
For example, take the trading instrument EUR/JPY, switch to M30 and proceed to install indicators. To avoid confusion among MA, put all three lines of different colors:
• Linear Weighted green (period 85);
• Linear Weighted blue (period 75);
• EMA (Exponential) - red (period 5).
Now go to the installation and configuration of the conventional MACD oscillator:
This set of indicators for the strategy Puria would be sufficient. It turns out that we have on the chart, three medium lines, and in the "basement" of the MACD, which will play an important role in transactions.
For a deal buy (purchasing) must satisfy the following conditions:
• the red line crosses the green and blue lines from the bottom up;
• candle on the chart (after crossing) closes above the green and blue lines (an optional condition, which occurs in all method descriptions);
• in the corresponding window, the MACD bar needs to be above zero (otherwise, we'll see once the next bar closes above zero and we have a deal).
The illustration below shows an example transaction according to the method Puria Forex for EUR/JPY with the M30 timeframe:
Now let me give you another example that may answer the following question: "why do we need two Linear Weighted with different periods?":
Two lines (green and blue) are not only an instrument for transactions, but also as filters. If the market price breaks both the average and the EMA (5) just one more, then we won't open a position in spite of the indications of the MACD. This method of filtering can protect the Deposit from the rare situations in which a reversal was short-lived.
MACD is also used as a filter, because it does not help us to find the entry point into the market, and only confirms (or not) the correctness of position opening. The sequence of steps in the analysis of the market for this strategy is always built in such a way that we first expect the intersection of the middle lines, and only then look at what the situation is with the MACD.
Strategy Pipsing is another technique for short-term trading.
Method Puria exists an EA that can take care of the routine part of the trader. Can't say that it is very nice implemented, but can be useful for testing settings for different assets. Still this type of trading requires a reconfigure (change values - TF, MA, size take profit) over time.
Still saleperson this method of trading is better to work with your hands. This will allow to respond faster to changing market trends, reconfiguring your system, as well as to develop trading skills that will be needed if plan to do sleepinga.
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| Category: Forex | Added by: (30.10.2017)
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| Views: 1662
| Rating: 0.0/0 |
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