I can see the pics and i don't know if you can.If you can't see the pics than please download the attached word file.It has all the imformations in it.Anyhow,sorry for this.
Updata:As i only look at chart 1 time 1 day(at the open of a new day of my broker) and i just have the SL in my mind(Never set it for my broker often hunts for SL),the stop lose will work only when the close price is inside of it.
I have learned a lot here so i determinde to feed back.(Sorry for my poor english.)
1:I will show u an easy but powerful system using bollinger band(20,0,2,close) only.
As you can see,it's eurusd daily chart with a bollinger band.
http://www.forexfactory.com/attachme...1&d=1336841124
Basicly we open position when price action touch the under or upper line of BB and go back,we set SL a few pips below the lowest or a few pips above the highest,than if we luckily make some pips then we put our new SL to the BE + a few pips. we close our position when the price action touch the opposite upper or under line.
2:I will show u what i mean by some chart.
TRADE 1
http://www.forexfactory.com/attachme...1&d=1336841708
TRADE2:
http://www.forexfactory.com/attachme...1&d=1336841708
TRADE3:
http://www.forexfactory.com/attachme...1&d=1336841770
3:Now let me tell u the details.
1A touch the upper or the under line of BB.
2A go back at once(for this case,PA should go back a lot,it depends on experience) OR PA go back next bar(for EURUSD,IF the goback bar >120pips than NO trade ).
3:Open at the next bar open,SL = the high of the bar that touch the BB upper line + a few pips(5pips e.g.) OR the low price of the bar that touch the BB under line - a few pips,say it's 80pips.(for EURUSD,IF the SL >120pips than NO trade ).
4:When you have 80 pips profits,move SL to BE + a few pips.
5:close the trade when PA touch the opposite BB upper or under line.
BTW,there is 5 bars per week in my daily chart,if your chart has 6 bars a week,you'd better use another broker.
4:The advantage of this system is it's simple and it has a Win/Lose ratio of 3:1(say a win trade is 300pips and a lose trade is -100pips),and what's more,the BB never repaint so you can backtest it easily.
5:Some trades...
http://www.forexfactory.com/attachme...1&d=1336841210
6:Feel free to ask questions.But as i'm a college student facing the coming exam,maybe i can't answer u at once.
thanks
Updata:As i only look at chart 1 time 1 day(at the open of a new day of my broker) and i just have the SL in my mind(Never set it for my broker often hunts for SL),the stop lose will work only when the close price is inside of it.
I have learned a lot here so i determinde to feed back.(Sorry for my poor english.)
1:I will show u an easy but powerful system using bollinger band(20,0,2,close) only.
As you can see,it's eurusd daily chart with a bollinger band.
http://www.forexfactory.com/attachme...1&d=1336841124
Basicly we open position when price action touch the under or upper line of BB and go back,we set SL a few pips below the lowest or a few pips above the highest,than if we luckily make some pips then we put our new SL to the BE + a few pips. we close our position when the price action touch the opposite upper or under line.
2:I will show u what i mean by some chart.
TRADE 1
http://www.forexfactory.com/attachme...1&d=1336841708
TRADE2:
http://www.forexfactory.com/attachme...1&d=1336841708
TRADE3:
http://www.forexfactory.com/attachme...1&d=1336841770
3:Now let me tell u the details.
1A touch the upper or the under line of BB.
2A go back at once(for this case,PA should go back a lot,it depends on experience) OR PA go back next bar(for EURUSD,IF the goback bar >120pips than NO trade ).
3:Open at the next bar open,SL = the high of the bar that touch the BB upper line + a few pips(5pips e.g.) OR the low price of the bar that touch the BB under line - a few pips,say it's 80pips.(for EURUSD,IF the SL >120pips than NO trade ).
4:When you have 80 pips profits,move SL to BE + a few pips.
5:close the trade when PA touch the opposite BB upper or under line.
BTW,there is 5 bars per week in my daily chart,if your chart has 6 bars a week,you'd better use another broker.
4:The advantage of this system is it's simple and it has a Win/Lose ratio of 3:1(say a win trade is 300pips and a lose trade is -100pips),and what's more,the BB never repaint so you can backtest it easily.
5:Some trades...
http://www.forexfactory.com/attachme...1&d=1336841210
6:Feel free to ask questions.But as i'm a college student facing the coming exam,maybe i can't answer u at once.
thanks
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