My Weekly Range trading Journal
How I calculate my entry points:
1st - Check for trading conditions "Using EMAs ''200 & 100" ''20 & 10''
2nd - Calculate entry price from the 30% range of last week.
-Will not trade the pair when 30%range > 50 points
-Will not trade the pair when price is in the middle of the EMAs
ranges 30% = (high - low )* 0.30
buy_entry price 30% = opening_price + ranges30
3rd - Calculate Stoploss and Takeprofit from the ranges
stoploss 30% = ranges30 *0.10
buytp 30%= (ranges30*2) * 2 + opening_price
*Pending orders will be closed on Thursday at N.Y. Market Close ( 10:00pm GMT )
My free MQl5 System https://www.mql5.com/en/signals/567411
Link to my MYFXBOOK Strategy page: https://www.myfxbook.com/members/gobllyn/mt4-3145554/3270959
How I calculate my entry points:
1st - Check for trading conditions "Using EMAs ''200 & 100" ''20 & 10''
2nd - Calculate entry price from the 30% range of last week.
-Will not trade the pair when 30%range > 50 points
-Will not trade the pair when price is in the middle of the EMAs
ranges 30% = (high - low )* 0.30
buy_entry price 30% = opening_price + ranges30
3rd - Calculate Stoploss and Takeprofit from the ranges
stoploss 30% = ranges30 *0.10
buytp 30%= (ranges30*2) * 2 + opening_price
*Pending orders will be closed on Thursday at N.Y. Market Close ( 10:00pm GMT )
My free MQl5 System https://www.mql5.com/en/signals/567411
Link to my MYFXBOOK Strategy page: https://www.myfxbook.com/members/gobllyn/mt4-3145554/3270959