SynthVol Trading System Based on VSA - Working with Volume-Confirmed Levels

Hello, fellow forex traders! Today we will break down the highly interesting SynthVol strategy. What makes it interesting is that one of the strategy's elements is VSA volume analysis. In short, we will identify important levels formed by bursts of trader activity and trade breakouts and bounces from them.

Platform: Metatrader 4
Currency pairs: any
Timeframe: M15-M30
Trading time: around the clock
Recommended brokers: Alpari, Roboforex

Mark levels formed only during London + the beginning of America on volume around or above the 75 level (more details in the video). The candle that formed the level must have a body. Levels for Asian pairs can be built earlier as well. We consider levels for the previous 2-3 days.

We trade breakouts and bounces from levels.

Level breakout: a full-bodied candle + 2-3 candles beyond the level for confirmation. Then a limit order near the level.

Level bounce: place a limit order near the level. Or enter at market if the price is already close.

How do you determine whether there will be a bounce or a breakout of the level? If the price approaches the level on bullish volume (if the level is above the price) or on bearish volume (if the level is below the price), then we expect a breakout of the level. If the volumes are mixed, we expect a rebound. For volume analysis, we review several timeframes.

P.S. It is very difficult to explain the rules of this system in text form. Therefore, be sure to watch the video at the beginning of this review - everything is presented much more clearly there.

We determine targets and risks using the xADR 0.2renko indicator (a modified ADR). The stop-loss is approximately 30-35% of the 10-day adr, and the take-profit is 50% of the ten-day adr. If the candle next to the entry point is large, we try to keep the stop-loss behind its wick opposite the trade direction.

We also pay attention to levels - if there is support/resistance in the path of price, it is better to set the take-profit at that level.

When trading the SynthVol strategy, we pay attention only to the most important news; we ignore the rest.

The recommended risk is no more than 2-3% per trade. The LotSizeCalculator indicator, which is included in the system, will help you calculate the lot size.

The SynthVol Forex strategy offers a look at the market from an unconventional angle, and even a cursory analysis of the system's historical performance indicates its high effectiveness.

However, profitable trading with this TS requires practice and basic skills in working with the VSA methodology. This does not diminish the strategy's merits, but speaks to the need for the trader to have analytical thinking and a willingness to think before entering trades.

Respectfully, Pavel
TradeLikeaPro.ru