Your system is so simple and good based on the highest and lowest point I was so because in principle if the two points that I penetrated the psychology of chart will form a new point higher or lower that my experience during my forex trading.
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Your system is so simple and good based on the highest and lowest point I was so because in principle if the two points that I penetrated the psychology of chart will form a new point higher or lower that my experience during my forex trading.
I am also planning to minimize my daily target like this.. 20 to 30 pips should be the ones daily target.. its easy to acquire and also you dont have to wait long enough to make those pips.. and EUR/JPY can be the right pair.. because now a days it also move like major pairs.. sometimes even higher than them.. but it can be really volatile than others..
okay thanks very much for your analysis to win 20pips well winning 20 pips is very okay provided we make use of a higher numbers of lot so i will practice this 20pips strategy and see how far this can go in making my profit
I contain in no way listened to about this particular sale tool, this is what process may be lucrative, simply because business in an USA session normally include additional shifting assistance to market under the Asian session very your own strategy is really normal my own buddy.
This will not work by friend , for sure it will not work , if making jsut 20 pips per day could have been so simple than one will become crorepati in few days, as the breakouts for daily Tf of 30 pips really really small thing, it can jsut trigger your trades with bigger lots as brokers are always there to see where is the maximum trades fidded fake spike a boom reverse down side, you need to come up with more logical way to trade and perfect way to trade
your strategy is therefore straight forward however i actually have no plan whether or not it works sensible or otherwise.
will you make to profit everyday by employing this strategy...... i'll for certaint provide a strive to actually this strategy. however for instances when of obtain you have got aforementioned that previous high+30pips will it mean that adding 30 pips with previous high prize i'll have a obtain order. pls provide a reply to actually this matter. but i said thank for your sharing of your strategy......
Quote:
Originally Posted by mazinstafx
what do you mean there's nothing technical?
isn't the TS has also included calculation to set the pending order..
the pending orders does not setup blindly.
I think, the logic behind this strategy relies on the daily average of EURJPY.
Most of the time, EURJPY moves up to 100pips a day.
If today's price manage to break the highest/ lowest of previous day (the snr), then there's tendency for price to move according to the breakout signal. to take 20pips only is possible.
I'll do backtest for this strategy in a picture form and post them in this thread.
if it's good, then why not?
outstanding, a clever, interesting, beautiful and others
how it can be understood by beginners like me
I will try that system must use the acount demo
Thanks for your strategy . I think I am going to implement this strategy in my demo account then I will try this in my real account I like to backtest the strategies of other and I like to use them for my profit .
ok... I did a few backtests.. (which I'll continue doing to have a proven static report of winning percentage)
here is the first one :
pending order for EURJPY H1 - 14.12.12
http://s8.postimage.org/wr6002ah1/PO_14_12_12.jpg
the pending order buy stop was triggered, but price never hit 20pips,
I think it manage to lock 10pips for this trade.
still, 10pips a day, is pretty good.