Aibs - another inside bar strategy

Hello friends,forex traders. This strategy is using Price Action model Inside Bar. I am no using any indicators only naked chart and price action.

Indicators: No Indicators

Timeframe: D1
Currency pairs: EUR/USD;GBP/USD;USD/CHF;USD/JPY;GBP/JPY;EUR/JPY;EUR/CHF;USD/CAD
Trading Hours: When close daily candle
ENTRY RULES

When daily candle closed we looking for Price Action model Inside Bar. If we find it we put 3 buy stop orders few pips above highest small candle point and 3 sell stop orders few pips below lowest small candle point.

So we have 3 buy stop orders and 3 sell stop orders.

STOP LOSS / TAKE PROFIT

Stop Loss = Opposite order (For buy stop order need to put stop loss where is sell stop order and for sell stop order where is buy stop order).

Take Profit: I am using take profit only for 2 orders(2 for buy stop order and 2 for sell stop order).Take Profit = S/L. Third order I am leaving without take profit to make max profit (For buy order pull S/L few pips below every big bullish candle and for sell order pull S/L few pips above every bearish candle).

When any order is active other need to keep until it reaches the take profit. When take profit achieved we killing the opposite order.

MONEY MANAGEMENT

I am no using standard 1-3% risk.

My is for:
1000$ = 0.01lot
2000$ = 0.02lot
4000$ = 0.04lot
8000$ = 0.08lot
16000$ = 0.16lot
Etc.
IMPORTANT:

If you lose 50% of the profits need to go back to the last lot.
For example: You start with 1000$ and your lot is 0.01. When you have 100% profit 1000$
(total 2000$ in your balance) need to start trading with 0.02lot and when you lost 50% of your profit, so 500$ (your balance 1500$) you must go back to 0.01lot till you again have 2000$.

Sorry for my English it is not my first language.

USD/JPY on daily chart have INSIDE BAR

SELL STOP ORDERS:
ORDER A - SELL STOP - 103.55; STOP LOSS 104.55; TAKE PROFIT 102.51
ORDER B - SELL STOP - 103.55; STOP LOSS 104.55; TAKE PROFIT 102.51
ORDER C - SELL STOP - 103.55; STOP LOSS 104.55; NO TAKE PROFIT

BUY STOP ORDERS:

ORDER A - BUY STOP - 104.55; STOP LOSS 103.55; TAKE PROFIT - 105.54
ORDER B - BUY STOP - 104.55; STOP LOSS 103.55; TAKE PROFIT - 105.54
ORDER C - BUY STOP - 104.55; STOP LOSS 103.55; NO TAKE PROFIT

Eur/jpy - inside bar

sell stop orders:
Order a - sell stop - 114.12; stop loss 115.10; take profit 113.13
order b - sell stop - 114.12; stop loss 115.10; take profit 113.13
order c - sell stop - 114.12; stop loss 115.10; no take profit

buy stop orders:

Order a - buy stop - 115.10; stop loss 114.12; take profit - 116.07
order b - buy stop - 115.10; stop loss 114.12; take profit - 116.07
order c - buy stop - 115.10; stop loss 114.12; no take profit

Interesting simple approach. I'm in

May I ask why the system is suited just for certain pairs?

lucariga thanks. For this system you can use pairs which you want. I just write which pairs I am using, but you can use all pairs, gold.

Usd/chf - inside bar

buy stop :

Order a: Buy stop: 0.9907 ; stop loss 0.9865; take profit: 0.9949
order b: Buy stop: 0.9907; stop loss 0.9865; take profit: 0.9949
order c: Buy stop: 0.9907: Stop loss 0.9865: No take profit

sell stop:

Order a: Sell stop: 0.9865; stop loss 0.9907; take profit: 0.9823
order b: Sell stop: 0.9865; stop loss 0.9907; take profit: 0.9823
order c : Sell stop: 0.9865; stop loss 0.9907; no take profit

Eur/jpy - sell a & b orders touch take profit, so need remove all buy stop orders. For order c need wait for big bearish candle and move s/l few pips above that candle.

thanks for sharing slywoox, this is profitable strategy.

i study your thread this is profitable.

dewatimur and luke66 thanks

Thanks slywoox, this strategy works very well but we need an indicator to look for us the inside bar in each graph, we would also need an expert advisor that puts orders with tp and sl

Hi, thanks for sharing your system. How long have you been trading with it?

mickael58 I don't have any indicators and EA's . If anyone has a indicator or Expert Advisor please share with us, or, if someone know how to code indicator or exper advisor please do it.

ismailali you are welcome. I am trading about 7-8 month.

I have an indicator, see if they're okay

mickael58 try this one

hi, I like your strategy. Would you mind to tell what is the difference between order A and order B? different lot size? 

Hi jarrodt,

Because we trading 3 orders A,B,C. A & B have T/P and order C no. When A&B touch T/P order C left without T/P. If in a market start big impulse like non farm news or something and touch S/L, so order B is like security for order C. First we win for order B and if order C touch S/L we anyway have order A wining everytime.

Sorry for my English I hope I helped for you.

good strategy - I noticed that inside bars work better, if the previous day has big daily range (maybe 2ADR) .
Maybe filter inside days and trade only if previous daily range is x times ADR

Where is the EA programmer for this setup?

hundsbua thanks for your help I'll try this ADR filter. And with EA somebody need to help us to make like a full robot for this system or make robot only for put orders s/l and t/p.

One would think that this function would be simple for a programmer. There is nothing exotic expected of the EA/Trade Manager, simply that it takes away the drudgery of manually calculating and placing all those orders across potentially a large number of separate trades. That gets old fast!