BL_MTF River Strategy with TP/SL by Beller

9 mar 2015

Anyone remember the "Frogger" game where a frog must pass a river ?

This strategy is like a game.

Immagine you that the cyan lines are a River, any time the price can cross up or down this river, you must buy or sell only when the bar are dry..

BUY at highest price of the first bar that is completely dry over the river
SELL at the lowest price of the first bar that is completely dry under the river

Stoploss is placed at the river bands, take profit is placed at 1:1 and 1:2 ratio, a risk money management must be applied.

This strategy can be used with multiple time frame, i'm testing it in 15min,180m and daily base applyed to EURJPY.

It's a game but can produce some money... ;-)