Re: Advance VWAP
Posted: Fri Jun 01, 2018 9:18 amOk.
You have right apprentice.
Will you be able to build a strategy as follows:
For a buying position:
1. Buy if the closing of candle, for example, at timeframe 15 minute, is above from the VWAP (daily or weekly or monthly depending on which one or which we have chosen to participate in strategy) and the price is passing through VWAP from the bottom to the top.
2. Stop-loss is placed below the low of the activated candle.
3. Take profit with stop loss per 10pips or per 1 pip
4. When we win the initial risk, the stop-loss should move to the entry point.
The same set-up for the opening of a sale position.
You have right apprentice.
Will you be able to build a strategy as follows:
For a buying position:
1. Buy if the closing of candle, for example, at timeframe 15 minute, is above from the VWAP (daily or weekly or monthly depending on which one or which we have chosen to participate in strategy) and the price is passing through VWAP from the bottom to the top.
2. Stop-loss is placed below the low of the activated candle.
3. Take profit with stop loss per 10pips or per 1 pip
4. When we win the initial risk, the stop-loss should move to the entry point.
The same set-up for the opening of a sale position.
