20pips strategy for EURJPY.

first thing i want ask about why that pair only that strategy work on it ?
it would be good think to explain it to me and what if reduce the tp for a little and the sl it would be more safe to use.

pending order: buy stop: entry level: high level of preveious day +30pips
take profit: 20pips
stop loss : 30pips

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Originally Posted by kopil

pending order: buy stop: entry level: high level of preveious day +30pips
take profit: 20pips
stop loss : 30pips

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You are sharing signal only but not the perfomance that what you get with these. How can we decide either to follow you or not. Please share your perfomance with each signal.

This is a good strategy and thanks for sharing it, I have tried in demo account and got good results too atlough its not always good green pips. Can you share more about your money management here? So we all here can play safe but profitable :)

okay i think this strategy sound so interesting but i want to know if i can make use of this strategy with another pair because you said its best use for the EURJPY so i will like to know if i can make use of this 20pips strategy for gold and silver because i really want to trade the gold and silver pair i hope to hear from you soon

I think that strategies that rely on the highest level and the lowest level of the previous day does not always achieve its goals often hit the stop loss order can be used, but in addition to some indicators such as the saturation RSI sell, buy or stochastic

thank you for posting companion technique. because I have never traded in currency pairs EJ so not so understand. what if the DOP is near the low or high of the movement of the day yesterday? how to open a position?

well trading based on pending order is very much better because with pending order you can always get a confirmation and be at the save side well i trade based on pending order and i think pending order is the very best way to earn profit because you will never rush into the market thats what i really think

if you don't mind what time frame is best use of this strategy or can i make use of any time frame in the demo account know the very best way to go about this in my life trading i hope to hear from you very soon.What with 20 pip per day we've been able to achieve it? we need to know in trading is not every day we get a signal which, as we expect, should not be desperate to win even though only 20 pips, trading only with a good signal.

You are right but whole time is not suitable for increase situation so when the market adjust a price then day by day pending order help us for take profit. so it is most important for good profit.