Since the first publication of IX Power, we've been asked if the Dog Walk Strategy might be suitable for other symbols as well.
So we had a closer look, and saw that there is some serious potential to trade with a remarkable risk reward ratio.
The tool you need for this trading strategy is IX Power MT4 or IX Power MT5,
So we had a closer look, and saw that there is some serious potential to trade with a remarkable risk reward ratio.
The tool you need for this trading strategy is IX Power MT4 or IX Power MT5,
and you'll find the corresponding chart templates for MT4 and MT5 at the end of this article.
Use our new Custom Alerts MT4 / Custom Alerts MT5 to get a hint if it gets interesting
Here's what we found:
1 - That's the long-term trend based on our 1-week analysis
2 - Here's the pullback of the short-term 4 hours instance. It needs to hit the opposite extreme point to the long-term 1W trend.
3 - Then we wait until the dotted 4 hours instance crossed the neutral zero level and enter a trade in the direction of the long-term 1W trend.
Here's what we found:
1 - That's the long-term trend based on our 1-week analysis
2 - Here's the pullback of the short-term 4 hours instance. It needs to hit the opposite extreme point to the long-term 1W trend.
3 - Then we wait until the dotted 4 hours instance crossed the neutral zero level and enter a trade in the direction of the long-term 1W trend.
And here's another example that's even more impressive
1 - The long-term trend is BUY
2 - The pullback reaches the extreme opposite area
3 - The BUY trend continues with the cross of the zero level
And one more example, this time for Bitcoin or BTCUSD
As you can see, there is a lot of potential because you can start your trade with a tight initial stop at the last M5 candle or the last M5 high/low.
Attention: This approach works best if the underlying exchange of this index is open. (Frankfurt for DAX, New York for the US indices, etc.)
I hope this helps to make the most out of your IX Power usage, and I'm looking forward to your feedback on this approach.
All the best, and happy trading
Daniel
