Day Trader Strategy
Breakout day trader strategy
Submit by Janus Trader.
123 Pattern Day Trader is a breakout trend following strategy based on the 123 pattern and day signal ultra as filter trend. This a profitable trading system.
This trading system works a the 5 min , 15min and 30 min time frame.
Currency pairs majors with low spreads.
Metatrader Indicators
Day signal arrow.
Day open line,
Day signal ultra filter trend,
Day bar (ADX 14 period and Parabolic Sar 0.2 -0.02),
Day look (12, 26, 9),
Day explosion multitimeframe 5min set 15 min, 15 min set. 30 min, 30 min set 60 (sensitive 150 period).
123 pattern V6 (12, 0.4, 1.0 or more aggressive 6, 0.4, 1.0).
Rules forday trader breakout
Trades only in the direction of the trend.
Up trend: price above white dots of Day signal ultra indicator.
Down trend: price below red dots of Day signal ultra indicator.
Buy
123 pattern V6 buy arrow.
Day signal ultra white dot.
Day look white bar.
Day explosion white bar above moving average.
Initial stop loss 5-10 pips below the signal bar depends by time frame.
Profit target 5 min (7- 12 pips, 15 min 8-15 pips, 30 min 15- 25 pips) but with less profittability you can use also an trailing stop for to have a great gain.
Sell
123 pattern V6 sell arrow.
Day signal ultra red dot.
Day look white bar.
Day explosion red bar above moving average.
Initial stop loss 5-10 pips below the signal bar depends by time frame.
Profit target 5 min (7- 12 pips, 15 min 8-15 pips, 30 min 15- 25 pips) but with less profittability you can use also an trailing stop for to have a great gain.
In the pictures 123 Pattern Day Trader
Share your opinion, can help everyone to understand the forex strategy.
123 Pattern Day Trader
123 Pattern Day Trader
123 pattern day trader.rar
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