Hercules DW

Retracement Trading

Submit by Hercules De Vries 2017

The hercules indicator/strategy is based on pullbacks.

The indicator can be used on every forex pair.

I recommend the M5 timeframe.

The indicator generates great risk/reward -ratios and many opportunities to trade.

The indicator shows trends very good and quite early as well.

The indicator does not repaint or recalculate the past at all once a bar is closed.

Very simple to trade.

Only 1 indicator needed to detect trend and see entries.

Trading rules Hercules DW

BUY;

- Wait until a new trend is established (bar color change to blue)

- Open a buy on the first up-arrow.

SELL;

- Wait until a new trend is established (bar color change to red)

- Open a sell on the first down-arrow

EXIT & RE-ENTER;

Set your SL from 15 to 50 pips, your TP = SL x 2. So if your SL = 15 pips, your TP should be 30 pips. It all depends on a pairs volatility.

When your SL got hit, wait for another trade in the same direction. But the entry must be higher/lower than your hitted SL. 

As an alternative you can open a trade directly once a trend changed.

See pictures for global samples.

If you have any questions, let me know.

Kind regards from Hercules.

In the pictures Hercules DW in action

Hercules DW

Hercules DW

Hercules DW

Share your opinion, can help everyone to understand the forex strategy.

For trade I recommend to choose Broker with MT4 >>