The updated strategy for copy trading
- Identify key liquidity levels at swing high/swing low.
- Wait for a break of the identified liquidity level and look for FVG below it.
- Search for FVG on the M5/M15 timeframes as a target for the position.
- The execution time for the trade should be between 7 to 20 minutes.
- The price should not move too impulsively toward the liquidity level. Upon breaking the level, the candle should close its body below the level or just slightly above it.
- For the setup, we use:
1H: The price breaks the PDL level and then immediately reacts to it, moving in the opposite direction
15m: We identify the FVG on the M15 timeframe as the target for our position.
Result: The price successfully hits the target within 10 minutes.
1H: The break of the EQL level, followed by an immediate reversal reaction.
5m: Searching for the FVG on the M5 timeframe in the premium zone of the previous move as a target.
Result: Successful target achievement within 7 minutes.
After testing this strategy, it showed a result of 86% winning positions. This strategy should be used in conjunction with the price delivery rules that I described in my methodology.
The main objective for you as a trader is to understand the logic behind price formation and delivery.