Amazing Triple Twins
The strategy relies on the power of 3 Triple Twins magic number that is the correction in trading. Three is the magic number with a suffix value of the price of 22, 55 and 88.
The pairs I have used are GBPUSD, EURUSD
for example:
- In the EURUSD pair, 3 is a magic number like 1.2322, 1.2355, 1.2388
- In the GBPUSD pair, 3 is a magic number like 1.5622, 1.5655, 1.5688
When the price touches the 3 magic number, usually the price will bounce and going price correction. We utilize a third of the price correction magic number to get the profit.
Triple Twins rules:
1. Note the open price on that day (marked by yellow lines)
2. Place Pending Order (PO) sell limit 1 level above the open price and buy limit 1 level below the open price
3. Set Take Profit (TP) at least 20 pips, if we follow the trend, we can enlarge the size of Take Profit
4. Close all POs that are not touched and put back to next day
These are the screenshots
Look at the red boxes mean my pending orders that have touched and taken profit 20 pips
EURUSD
Spoiler:
GBPUSD
Spoiler:
AUDUSD
Spoiler:
NZDUSD
Spoiler:
EURJPY
Spoiler:
Download the indicator