Sign In with Google
Sign In with Facebook
The VaBank trading system has appeared on the market relatively recently. To trade on it, you do not need to know the rules of currency movement, study technical or fundamental analysis. The strategy involves entering trades from the point of view of mathematical analysis. The assessment of the situation and the choice of the direction of entry are carried out on the weekly timeframe (W1). Trading is carried out once a week. This trading system is recommended for use only for major currency pairs. VaBank does not use indicators. This strategy is good for beginners as it is conservative in terms of the number of trades.
Determination of a currency pair suitable for opening a position
To enter the market, you need to perform several actions. First, you should choose a currency pair. To do this, you need to determine the financial instrument, the range of movement of which was the maximum for the week. This is what you need to use in trading. The rules for entering the market are simple and understandable even for beginners. If the signal weekly candle had an upward direction, you need to open an order to sell the pair. In the case of a candle of a downward direction, a long position is entered.
Opening long positions
Last week's candle is a bearish candle.
Last week's volatility between the opening and closing prices is greater than or equal to 1500 points.
Stoploss and takeprofit are set at a distance of 1000 points from the opening price.
Opening short positions
The rules for opening sell trades are the same as for purchases, but with opposite meanings.
The past week was a week of growth, i.e. this is a bullish candle.
The difference between the opening price and the closing price is at least 1500 points.
Stoploss and TakeProfit - at a distance of 1000 points from the opening price.
The life of each deal with the VaBank system does not exceed one week. Thus, it turns out only 4 orders per month. From the point of view of the mathematical expectation of profit, this approach, of course, is not entirely correct, but if you analyze the number of profitable entries to the market relative to their total number, you will see that at the end of the period this forex trading strategy will be profitable.
You can trade using the system 15-20 minutes after the market opens on Monday night. In general, this trading strategy is not intended for aggressive trading and deposit acceleration.
Conclusion
As you can see from the above, VaBank strategy is very simple and straightforward. It is also suitable for beginners because it does not require a quick reaction of the trader to market changes. The whole point of this strategy comes down to a statistical statement that after some directional market movement, there will be an attempt to roll back the price to the previous values.
By observing a simple risk management with a rule of no more than 1-2% risk per trade, you will be able to invest your funds in foreign exchange trading without high risk.
