UFO 1

Unfill Order Method

Merge the UFOs in various TF (Search from M1 to D1)

EMA 9 H4 inside the UFO or near Proximal line

Risk= 1% from balance per trade

RR= 1:2

Details:

1. Main Focus: UFO and EMA-9 H4

- Focus on finding UFOs (Unfilled Orders) detected by the EA iZone Pro, where EMA-9 H4 is within or near the proximal line of the UFO.

- DBD (Drop Base Drop) is used to identify supply zones suitable for sell orders, and RBR (Rally Base Rally) is used to identify demand zones suitable for buy orders.

2. iTrend Indicator and EMA

- iTrend H4 or 4 EMA M15 must be aligned with the iTrend Daily or 4 EMA H1 to consider taking a position.

- If iTrend Weekly or 4 EMA H4 contradicts iTrend on smaller timeframes (H1 & M15), Pending Orders (PO) will still be placed as long as the Take Profit (TP) with an RR of 1:2 does not exceed the Weekly EMA-9.

- iTrend H4 / 4 EMA M15, iTrend Daily / 4 EMA H1, and iTrend Weekly / 4 EMA H4 trending in the same direction provide optimal confirmation.

3. Pending Order (PO-Limit) and Stop-Loss

- Using PO-Limit, not stop orders.

- A limit order for buy is placed at the proximal line plus spread, and for sell is placed at the proximal line without adding spread.

- Stop-loss for buy is placed below the distal line, and for sell is placed above the distal line of the UFO.

4. Position Entry Conditions

- Only take a position if the price has reached a new high (for buy) or a new low (for sell).

- No position will be taken if the price is between the Weekly EMA-9 and Daily EMA-9, as the trend may be ambiguous.

5. Risk Management

- Using a buffer zone of 6% from the Daily ATR to calculate the stop-loss, providing room for market volatility.

Credit: belajar.nusantarateredukasi.com, ruangtrader.com.