When the markets open and close there is increased activity.
This strategy catches that burst of momentum on the 1m.
At market openings and at market closings
Enter after the 2nd 1m candle closes in the direction of the 2nd candle.
Check macd. At least 2 macd should confirm direction of the trade,
preferably all 3.
Open 2 positions.
position 1. 10 pip tgt 10 pip stop
position 2. 20 pip tgt 10 pip stop
When position 1 reaches tgt
move stop for position 2 to just above breakeven
This strategy catches that burst of momentum on the 1m.
At market openings and at market closings
Enter after the 2nd 1m candle closes in the direction of the 2nd candle.
Check macd. At least 2 macd should confirm direction of the trade,
preferably all 3.
Open 2 positions.
position 1. 10 pip tgt 10 pip stop
position 2. 20 pip tgt 10 pip stop
When position 1 reaches tgt
move stop for position 2 to just above breakeven
Attached File(s)
Candle Time & Spread.mq4
3 KB
|
269 downloads
Market_Open_Lines c.ex4
7 KB
|
285 downloads
ZeroLag MACDline.mq4
3 KB
|
256 downloads
open.tpl
56 KB
|
245 downloads