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Thread: Roof or Umbrella Strategy

  1. #1
    Junior Member
    Join Date
    Jan 2009
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    7

    Default Roof or Umbrella Strategy

    Hello all,

    i have here some strategy for scalping and its a wonderful manual strategy that will function at 99% of all trades were made.

    How the strategy:

    When the umbrella strategy traded only on SELL

    The course must come from the bottom up

    The values 20, 50 to 60 and 84-96, we can open up trade to SELL

    Example: 13420, 14950, 15 084 - The last 2 decimal places are crucial to us.

    We open up trade in these market values only if the current price reaches at least the last high point.

    We see the hourly, daily and weekly chart on the trading platform.

    Example: If the price for example, bottom-up increases to 1.3420, but previously had to, for example 1.3455, we give them no trade!

    We wait until the price is back to the previous peak point at 1.3455.
    We slept at least 2 trade Pip in the plus

    Stop Loss (max.Exit) is used here as a rule, no. Should the rate of 100-150
    Pip in the wrong direction possible, you should close the trade. But its better to close it earlier :-)

    Thats all. But since i have tested these strategy the course will never be gone in the wrong direction.

    If anybody can write an ea her for that fine strategy, that will be very nice.

    the tradingvideos for that strategy i found only in german.

    Snoopy1234

  2. #2
    Junior Member
    Join Date
    Dec 2008
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    14

    Default

    Hi,
    please write more clear + some chart examples.
    thx

  3. #3
    Junior Member
    Join Date
    Jan 2009
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    Default

    Yes pictures will come soon.

  4. #4

    Default

    The values 20, 50 to 60 and 84-96, we can open up trade to SELL
    How these values are calculated? or there is just some magic?
    LOCTrailing is an automatic trading stop loss trailing and breakeven Expert Advisor
    Also check LOCTrader EA. It Uses special FREE signal indicators to open orders, breakeven, trailing included.

  5. #5
    Junior Member
    Join Date
    Jan 2009
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    Default

    Hi,

    how these values are calculated i cannot say. But i can say if you try that in demo or in real with manual it will function for 100% and with a relative very small drawdown <1%.

    Here a picture were you set a trade and get the TakeProfit.

    Last edited by Snoopy1234; 11-22-2010 at 09:10.

  6. #6
    Junior Member
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    Default

    Now anybody that can bring this Strategy into an EA?

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100, demo, german, high, magic, manual, real, scalping, strategy, trading, trading platform

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