Strategy of V. Barishpolts - “Surfing”
Viktor Barishpolets is one of the most scandalous post-Soviet traders who, at the peak of his popularity in 2007, closed his open hedge fund and ran away with a huge pile of money.
Victor gained trust thanks to his own openness, namely, almost all investors knew which accounts were being traded and, most importantly, what strategy was being used.
Victor sent out a weekly newsletter in which he shared trading tactics and trained his own investors.
The most interesting thing is that the person actually traded on Forex and anyone could get acquainted with the statistics of his trading in real-time mode.
In his last letter, Victor mentioned that the Forex fund was beginning to go beyond the law, since there was no such accounting for paying taxes, and the rapid influx of people wishing to invest in it only brought its demise closer.
It's worth noting that Borishpolets' team spent a very long time handing over investors' money, which tarnished this trader's reputation in the eyes of investors who came to understand the situation.
V. Barishpolts' "Surfing" strategy is an excellent strategy that combines two simple indicators, namely the Williams Fractal and a standard moving average.
The strategy is multi-currency, so the choice of currency pair depends on the cost of its use; namely, the smaller the spread, the more effective the strategy is.
The strategy's author recommends using it either on hourly charts if you're a day trader, or on daily charts if you're a position trader. For trading on smaller time frames and scalping the strategy is not suitable.
Setting up the Surfing trading strategy
The Surfing trading strategy can be used in absolutely any trading terminal. To create it, apply two moving averages with periods of 89 and 144 to the chart and assign them different colors. Also apply the Bill Williams Fractal indicator to the chart, then save the template.If you use the MT4 trading platform, we have created a template especially for you, after installation and launch of which everything indicators will appear automatically on the chart.
To do this, after downloading the file at the end of this article, you'll need to place it in the Template folder within your data directory. To access the data directory, launch the trading terminal and open the "File" menu in the top-left menu.
A list of options will appear, from which you can select "Open Data Catalog." After completing the installation, open the additional menu on the hourly or daily chart and launch the "Surfing" template.
Surfing Strategy Signals
First of all, in the Surfing strategy, it is necessary to determine the prevailing trend in the market, towards which positions are opened and signals are considered.
For this, we will be helped by two moving averages with a period of 89 and 144. So, if the angle of the moving averages is directed upward, and the price is above them, the market uptrendIf the moving averages slope downward and the price is below them, the market is in a downtrend.
It's also worth noting that Victor considered the Bill Williams Fractal to be a lagging signal, so he suggested opening a position before it appears on the fourth candle, instead of the fifth, as Williams does.
However, as practice shows, it is difficult for beginners to do without this indicator, so it remains in the strategy for ease of perception.
Buy signal:
1) The price is above the moving averages with periods of 89 and 144, and their angle of inclination is directed upwards.
2) A downward fractal has formed on the market (the fractal arrow is pointing downwards).
After you open a position, you should set a stop order at the low of the previous candle. Instead of taking profit, the stop order is moved to breakeven and follows the price every 15 pips. Example:
Sell signal:
1) The price is below the moving averages with periods of 89 and 144, and their angle of inclination is directed downwards.
2) An upward fractal has formed on the market (the fractal arrow is pointing upwards).
After you open a position, you should set a stop order at the high of the previous candle. Instead of a static profit, you should use trailing stop in increments of 15-30 points, depending on the time frame you're working on. Example:
When applying the strategy, V. Barishpolets recommended drawing the nearest support and resistance levels and channels, since it was at their boundaries that the strategy produced the fewest false signals.
In conclusion, it's worth noting that, despite V. Barishpolts' tarnished reputation, his strategy has a perfectly logical rationale for opening positions. The strategy has been repeatedly encoded into various paid services advisors and left only positive feedback among traders.
Download template.
