Trading Strategy for GBPUSD with ca. 80% success rate
Enjoy Brexit Drama? come along and play GBPUSD. Demo it and post your results.
1. Wait for the first hour candle to close after London Open, then calculates the high and low of the first hour candle and then place two pending orders.
2. One buy stop order 10 pips above first hour candle high price and one sell stop order 10 pips below the low of the first candle.
3. Take Profit both with a preset 30 pips. Stop loss is set for the opposite end (high or low) of the first candle. Use your MM to calculate your lot size.
4. As soon as the trade triggers, close the opposite pending order.
5. After 20 pips in Profit, move SL to BE plus 1 pip.
Enjoy Brexit Drama? come along and play GBPUSD. Demo it and post your results.
1. Wait for the first hour candle to close after London Open, then calculates the high and low of the first hour candle and then place two pending orders.
2. One buy stop order 10 pips above first hour candle high price and one sell stop order 10 pips below the low of the first candle.
3. Take Profit both with a preset 30 pips. Stop loss is set for the opposite end (high or low) of the first candle. Use your MM to calculate your lot size.
4. As soon as the trade triggers, close the opposite pending order.
5. After 20 pips in Profit, move SL to BE plus 1 pip.