5 M is good. 1H is safest. make sure u zoom out to teh second highest level.
when u see a trend down or up, place pending orders a bit below the low and high of the trend.
tight take profit is good too. i never ended up using trailing stops but these do happen occasionally.
use MTF stoch to help you filter out against dangerous times. the bigger the previous trend, the more likelihood of a breakout.
again, im still fooling around with this. i think there are a lot of these type of breakout systems. im looking around for an EA. it shouldn't be difficult to make.
when u see a trend down or up, place pending orders a bit below the low and high of the trend.
tight take profit is good too. i never ended up using trailing stops but these do happen occasionally.
use MTF stoch to help you filter out against dangerous times. the bigger the previous trend, the more likelihood of a breakout.
again, im still fooling around with this. i think there are a lot of these type of breakout systems. im looking around for an EA. it shouldn't be difficult to make.
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