Algorithm strategy Forex "method Autsaydinga" (The Outsider Method):
We put in the chart trading platform Metatrader 4 - EMA (exponential moving average) with a period of 9 to 15-minute chart of the currency pair GBPUSD.
After that, watch the candles on the chart, which should take the following form to make a deal:
• Body and shadow candlestick not touch our EMA with period 9.
• Ideally, High or Low candles must be at least about 1 point from the EMA (9).
• The closing price candles should be higher than the previous High (uptrend) or lower than the previous Low (bearish trend).
Rules of entry into the market under the trading strategy "Method autsaydinga":
In a bull market: conclude a deal to buy at the opening of the next candle.
In a bear market: conclude a deal to sell at the opening of the next candle.
Rules out of the market according to the forex strategy "autsaydinga method":
1. When a transaction is open, immediately, without delay put SL and TP.
2. SL should be set to Low (bullish trend in the market) or High (bearish trend in the market) of the previous candlestick (alternatively, if the Low or High are located very close to the point of entry into the market, you need to use the Low and High pre-candles).
3. TP should be set to a distance equal to the size of the previous trading body candles.
4. If the price went drastically and we have a profit of more than 20 pips - move the SL on the value of = (+ breakeven spread).