good morning, the method works in changes of direction/trend. but in the lateral phases? How do you recognize them when they haven't formed yet?

i testing a similar method.

on mt5 there are many stocks, but mt4????

2 months. as other users have written, the method is too primitive. other ideas need to be implemented.

timing issue. in my time zone, the new daily candle is created at 23:00. therefore all pending orders must be eliminated within that hour. the new min / max orders must therefore be entered after 23:00. because is night, I wait for the following ...

the advice is to practice this system. use the previous candle as a stop. and as a profit itself. don't touch them and add new trades every day. pending orders that do not open must be eliminated at 21:00 GMT. give it a deadline.

these are the positions today.

yesterday I replied that not should to trade bars above 200 pips with these 5 pairs. the penultimate bar on usdjpy (image) is already too big. is anomalous bar. because the others bars in the image have range from 40 to 80 pips. these bars can only ...

today there was no orders to enter on usdjpy. yesterday there was a possibility, and dokopy took advantage of it. I did not have time.

this is a new account, opened yesterday with 10.000usd. these are the trades that I opened yesterday. audusd triggered the stoploss. as you can see, there are no problems, if you trade 5 pairs.

probably depends from the price, when you set the pending orders. just simply remember: PENDING ORDER BUY (up the bar), PENDING ORDER SELL (down the bar).

yes, is correct. use 4-5 pairs: EURUSD, USDJPY, USDCAD, GBPUSD, AUDUSD.

I'm glad there are other people who use it .. I'm going to open a new demo account from 0 and see how the strategy is doing for another month, looking for lateral trends (which are the worst). I suggest to do the same, in order to compare us ..

this depends on market conditions, and on the pair. if you see so many candles at least 200 pips long, it means that they are days of volatility, and therefore you can try. if the following candles are 50 pips, then you should to close the 200pips ...

if new bar start at 23:00 pm, set your pending from 00:00 to 8:00 am next day. these orders will expire on the evening, around 20-21:00 pm, when the candle is near to finish. every day for every daily bar, on 4-5 pairs. i using tp and stoploss ...

new rule: set pending orders from 00:00 to 8:00 GMT. This range is more accurate, because before the candle is still not visible. despite today i have 4 trades in loss, i close the week with +3-4% withoud good trends. not bad.

as you can see, yesterday i made money on the candle EURUSD. I still have 2 negative positions on audusd and usdjpy, close to the stoploss, despite this I ended the day positively. the rule is to diversify 4-5pairs. if one lose, another can reach ...

i using the majors, is explained in the first post. Yes, then every new day add new pending orders.