Overview

• Timeframe: H1 (Hourly)
• Currency Pairs: EURUSD, USDCHF, USDJPY, GBPUSD
• Indicators Used:
  • Donchian Indicator
  • Fibonacci Lines (referred to as "fib lines")
  • PSAR (Parabolic SAR)
  • 9-Square Lines

Buy and Sell Rules

Entry Rules

• Buy: Enter a buy trade when the Donchian indicator crosses above the 2 Fibonacci lines.
• Sell: Enter a sell trade when the Donchian indicator crosses below the 2 Fibonacci lines.

Stop Loss

• Place the stop loss at the latest swing high (for sell trades) or swing low (for buy trades).
• Use the PSAR to assist in determining the stop loss placement.

Take Profit

• The take profit should be based on the lines from the 9-Square indicator.
• Alternatively, trades can be managed by taking the trend from the beginning of the cross and reversing the position at the next cross.

Trade Management

• Positions are entered at every cross of the Donchian indicator with the Fibonacci lines.
• Do not open trades based on signals received on Friday night; wait until Monday to see how the market opens.

Performance Expectations

• The average pip gain per trade is 250 pips.
• Some trades can yield up to 800 pips.

Additional Advice

• Avoid opening trades late on Fridays to mitigate risks associated with market movements over the weekend.

Summary

The strategy is designed to ensure continuous trading activity, with positions being opened and closed at each cross of the Donchian indicator with the Fibonacci lines. The use of PSAR helps in managing stop loss, while the 9-Square indicator guides take profit levels. The strategy emphasizes caution with end-of-week trades due to potential market volatility at the start of the next week.