Bat Trading Pattern "Die Fledermaus" is not enough discussion on the Internet, and so I propose to devote her our forum topic.
Thus, The Bat:
1. Indicator ATR_The Bat. Find it in the game you can, at the end of topics.
Recommend the use of: a period of 5, the factor of 4.0. But you can try some of his settings.
2. Fibonacci grid. (For a detailed discussion would recommend the article "Fibonacci forex").
3. We recommend working on a pair GBP / USD, for TF = 1 hour.
Signals:
The Bat Trading Pattern strategy is simple. We have two lines on the chart: green and red.
1. We buy. when the price crossed the Green Line, and sell when the price crossed the red line.
2. Put a stop or exit the position at the opposite situation, p.1. Shopping stop at the intersection of the red line for sale - green. (I think it is better to use Thrall).
3. When crossing the lines stretch mesh fib from the previous minimum and to cross the line. In this case we add the position of the levels: 61.8% (if this level is not below / above otnoy of lines.), 138.2%, 161.8%.
Bat Trading Pattern Example:
Download: TS_The_Bat (Strategy The Bat Trading Pattern, the link indicator ATR_The Bat and template system).
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