4-5 and exit. Highly effective strategy [Video]

In the next episode of the series of trading strategies review, there is one that may already be known by some subscribers of our channel, and due to its simplicity, even laymen of trading will be able to implement it. What is in the details of this method and what can be read from the basic chart? About it from start to finish along with performance statistics.

The method is based on a simple graphic pattern (megaphone) and is based on the analysis of the behavior of the 4th and 5th wave.

Advantages:

• • simplicity of formation, easy to recognize and play,
  • high efficiency,

Disadvantages:

• • problem with the so-called foot hunting,
  • no specific rule for determining the risk-reward ratio.

Trading strategies is an educational cycle in which we present interesting investment systems intended for Forex market. We discuss the most important principles such as entering and exiting a transaction, the degree of risk, assessing the advantages and disadvantages and checking what results they generated on historical data.

Do you want us to check a specific strategy for you? Let me know in the comment!

The partner of the educational cycle is Tickmill broker.