USD/CHF lost more than 15,000 pips over the past year and, at the moment, updated the 22-year low amid weak US inflation data. Market players can take this opportunity to set up limit orders in the pair.
Starting from current prices and below, place a grid of buy limits in an increment of at least 500 pips. Then, after accumulating long positions, take profit upon a breakdown of 0.87500, or after a movement from the first order.
Penned as “grid trading”, this method, usually used on cross-rates, involves holding positions that are significant in time and distance. For that reason, it is recommended to use swap-free accounts, not increasing the volumes in the grid (0.01 standard lot for every $1,000 of the deposit), and monitoring price movements that could be as much as 6,000 pips.
Good luck in trading and don’t forget to control the risks! Have a nice day.
The material has been provided by InstaForex Company – www.instaforex.com
USD/CHF lost more than 15,000 pips over the past year and, at the moment, updated the 22-year low amid weak US inflation data. Market players can take this opportunity to set up limit orders in the pair.
Starting from current prices and below, place a grid of buy limits in an increment of at least 500 pips. Then, after accumulating long positions, take profit upon a breakdown of 0.87500, or after a movement from the first order.
Penned as “grid trading”, this method, usually used on cross-rates, involves holding positions that are significant in time and distance. For that reason, it is recommended to use swap-free accounts, not increasing the volumes in the grid (0.01 standard lot for every $1,000 of the deposit), and monitoring price movements that could be as much as 6,000 pips.
Good luck in trading and don’t forget to control the risks! Have a nice day.
The material has been provided by InstaForex Company – www.instaforex.com
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