Dear All
i always to try find the simplest system to play FOREX. i believe Holy Grail is our MONEYMANAGEMENT and DISCIPLINE.. so i found an idea, and i think it will be good with improvement and advise for all of you
okay here we go
1st. open GBPUSD 1H
2nd put SMA 21 on the chart
so the rule is... Buy when new candle open above 21 SMA
Sell when new candle open below 21 SMA
how about ranging market...? i suggest not using stop lost but we can have good idea from martiangle system... offcourse with good moneymanagement
example.. when we got BUY signal we entry with BUY 0,1 lot, but soon in next 3 candle it open below SMA 21, so we give SELL 0,15 lot.. and when it back again we can put BUY 0,2 lot...
in my observation, the maximum price ranging at sma 21 is 5 times
so we got 0,15 sell and 0,3 buy... we can put our target as $$$.. so if the target is reached, we close all, and start again
OR.. we can use higher time frame 4H as filter
so come on guys, i think it will be great.... especially when we have EA for this system..
thx
i always to try find the simplest system to play FOREX. i believe Holy Grail is our MONEYMANAGEMENT and DISCIPLINE.. so i found an idea, and i think it will be good with improvement and advise for all of you
okay here we go
1st. open GBPUSD 1H
2nd put SMA 21 on the chart
so the rule is... Buy when new candle open above 21 SMA
Sell when new candle open below 21 SMA
how about ranging market...? i suggest not using stop lost but we can have good idea from martiangle system... offcourse with good moneymanagement
example.. when we got BUY signal we entry with BUY 0,1 lot, but soon in next 3 candle it open below SMA 21, so we give SELL 0,15 lot.. and when it back again we can put BUY 0,2 lot...
in my observation, the maximum price ranging at sma 21 is 5 times
so we got 0,15 sell and 0,3 buy... we can put our target as $$$.. so if the target is reached, we close all, and start again
OR.. we can use higher time frame 4H as filter
so come on guys, i think it will be great.... especially when we have EA for this system..
thx