How to grow a forex account by 4%. Case studies of EURJPY 1h 20210726 and 20210727

 

VAB trading

V = Volume weighted average price (VWAP) line

Arrow = price crossed VWAP

Bell = price touched VWAP

(see AI settings here).

Trade #1

At 26 July 2021 16.00 hours UTC+7 in a EURJPY 1h chart, the VWAP (Volume-weighted average price) line turned from purple to white. The price crossed above the white VWAP with a green arrow. The RSI also crossed over 50%. 

At 18.00 hours, the price came down to touch the white VWAP line and the bell showed up. With these conditions (Vwap-Arrow-Bell) in place, a buy order could be sent out the instant that the bell appeared. If the leverage was 1:500 and the lot size was 20% of the balance, a cautious trader could take profit when the fund grew up beyond 4%.

Trade #2

At 27 July 2021 04.00 hours UTC+7 in a EURJPY 1h chart, the VWAP (Volume-weighted average price) line turned from white to purple. The price crossed under the purple VWAP with a red arrow. In the next two hours, two bells showed up. However, the brokers usually bulge up the price spread during this time of the day. So no entries should not be opened.

At 07.00 hours, the price went up to touch the purple VWAP line and the bell showed up. This time the spread usually went down to normal value. With these conditions (Vwap-Arrow-Bell) in place, a sell order could be sent out the instant that the bell appeared. If the leverage was 1:500 and the lot size was 20% of the balance, a cautious trader could take profit when the fund grew up beyond 4%.