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- 12 Results (1 Thread , 11 Replies )
- wgta replied Dec 3, 2019
Two rules of thumb - always use a stop, and set it relatively close to the entry price. There's no point in using wide stops. It's true that you can give a little room, but not much. Better to get out fast if things are going wrong. You can get back ...
- wgta replied Dec 3, 2019
One of the main ideas behind using the ZR3 is the fact that if you look at any market price, given enough time, that price will either increase or decrease significantly. So that means any price can be used as a starting point. Simple logic. The ZR3 ...
- wgta replied Dec 1, 2019
EURUSD – 4/22/2016 EURUSD, 1 minute view, at 2:45 gmt on the 22nd. image I set ZR3’s range 1 to 1.13106(R1) and 1.13086(S1) with profit targets 40 pips away on either side. image image At 3:30 I saw that prices were probably headed downwards ...
- wgta replied Dec 1, 2019
GBPUSD – 4/22/2016 A 1 range setup for GBPUSD. Trading is set to end if an adjusted stop is hit. image image image image The position closed at adjusted stop 1. image
- wgta replied Dec 1, 2019
Gold – 4/22/2016 No profit targets were set for this session. Anticipation of a drop after certain news releases this day suggested a couple of adjusted stops below range 1. Due to possible downward spikes, the maximum spread and entry distance was ...
- wgta replied Dec 1, 2019
AUDUSD – 4/22/2016 I used two ranges, chosen at random, on the ZR3 setup after looking at AUDUSD around 00:30. Profit targets were set 50 pips above and below each range. Volume was 1.00 lot. The maximum number of trades for each range was set at 6. ...
- wgta replied Dec 1, 2019
Here's some old examples from my blog in 2016 that show how to use more than one reference price range and what can happen when the market moves in and out of your ranges repeatedly, depending on your settings. Some of these examples use what I call ...
- wgta replied Dec 1, 2019
Here are some recent trades for examples. Starting balance is $10k. I was watching the EUR/USD on 11-27, from 0-1:45 roughly on the chart. image At this point I wanted to set up the ZR3 to watch a relatively narrow price range (under 10 pips) for ...
- Trading with the ZR3
I'm going to sell my ZR3 expert advisor to the public, Mt4 only. It's an excellent tool for ...
- wgta replied Oct 18, 2019
This is a good way of looking at the markets because it involves the basics - support, resistance, and price action shown by candle patterns. Not much else is necessary. Just watching price action near those levels for bounces and break outs.
- wgta replied Oct 18, 2019
Thanks, that ea has been an invaluable tool. It's true that the amount of control over one's trading is proportional to how much the markets can be watched. Manual is the best if you have enough time and can stick with your rules 100%. The ea helps ...
- wgta replied Oct 17, 2019
In cases where I don't have much time to watch the markets I have my ea watch my levels. Levels=reference prices and those levels are marked off (of course this can be run on a server 24/7). So think of a chart with pairs of horizontal lines marking ...
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