Hi
I have one system and i am going to do manual testing every day. All traders are welcome to participate in this testing.
Probability Game Strategy
I have one system and i am going to do manual testing every day. All traders are welcome to participate in this testing.
Probability Game Strategy
- Use M5 Chart
- Only EU pair is recommended
- NY Time 08:00 close Candle (Modification: This system based on PA so we can modify it by looking first candle (open and close price). If open price is smaller than closed price it is buy and if open price is greater than closing price then it is sell.) In simple words if candle is sell candle then it is sell and if it is buy candle it is buy order
- Candle close at 1.32594 (consider it is buy)
- At the closing value of candle. Add/subtract 10 pips to closing value and it is TP.
- I am not fan of putting Hard SL so if price go below 10 pips from closing value so value will be (1.32594) , close the trade with loss and open Short position at 1.32594 and subtract 10 pips from this value and set TP. If price go up again at 1.32694 then close the short position and open long position with above given rule.
- It is important to remember that first position should open with 0.1, second with 0.2, third with 0.4 and fourth with 0.8
- Use broker which offer you 2 or less than 2 pips spread. you can check Exness or Alpari (it is totally your choice)
- On the screenshot, red line is representing the candle close on M5 chart and it is also showing closing value of candle. Second screenshot is showing green line as TP.
- Criteria to identify the successful days is that our TP should hit in maximum of 4-5 trades.
- Remember this is very risky system
Love for all; Hatred for none.