Do you follow the usd and jpy indexes?
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DislikedHi FXMD, and thank you so much for sharing your very simple system. I know you said you trade this only on U/J, I'm curious if you have tested this on any other low spread pairs, to see whether or not, you get a similar high percentage win rate as U/J? Green pips to you sir!Ignored
DislikedThanks for sharing, I love scalping so will be testing this system. I drop to 1 minute to see the candles react on the line =) Only one problem I find here is risk reward ratio, always upside on that one (usually not much but still on the bad day can add up).Ignored
DislikedVery interesting. Tried your rules during the Asian session today and while it's not a very large sample size (only 3 trades), it was a 100% success rate so far. EDIT: I missed the 4th trade as I was typing this reply but that was also a winnerIgnored
DislikedDear FXMD I tested just a day ,1 lost and 1 BE. However I think this strategy is very simple and have a great potential. I'd like to confirm about RR. If I place buy order at 100.020, TP is 100.100 and SL is 99.000. Is it correct? in this situation, ratio is not 1:1. right?Ignored
DislikedHow do you cope with consolidation? Because it happens a lot that price consolidates at those levels. Besides of that is the forex market very volatile on small time frames and in my opinion quite random if there is no direction (in other words when there is no trend). Yes of course there are good examples to cherry pick when the trend is clear. But in times of consolidation all (eventual profit) will be taken away. I've been trying this strategy for a long time and for me it's too time intensive because sitting behind the computer always is just...Ignored
Maybe this will help you in life
Disliked{quote} Maybe this will help you in life https://link.springer.com/article/10.1007/BF02653756Ignored