My strategy is simple.
TF's H4 Daily Weekly Monthly
3 SMAs: 14SMA (Middle Price) 14SMA(High) 14SMA(Low)
So first of all we looking for entries and exit rules. I like to trade with RR 2/1(50SL 100 TP for exp.)
On H4 if price close above of 14 SMA(High) looking for buy. Now we have to realize where to exit with profit or with SL. I suggest to use fractals (H4) for exit So now for buy conditions lets place SL below 14SMA(low) under nearest and lowest fractal(-(1pip+spread)). But TP Daily's 14SMA(low)'s price(-5 or 10 pips) So now we have entry and exit points. We have to place pending order so that our RR must 2\1. For example GBPUSD 2009.01.04
http://img411.imageshack.us/img411/8977/65106216.gif
This 1 kind of entring. Sorry for my poor eng. I just want to know if its possible to code ill share another side of this strategy
TF's H4 Daily Weekly Monthly
3 SMAs: 14SMA (Middle Price) 14SMA(High) 14SMA(Low)
So first of all we looking for entries and exit rules. I like to trade with RR 2/1(50SL 100 TP for exp.)
On H4 if price close above of 14 SMA(High) looking for buy. Now we have to realize where to exit with profit or with SL. I suggest to use fractals (H4) for exit So now for buy conditions lets place SL below 14SMA(low) under nearest and lowest fractal(-(1pip+spread)). But TP Daily's 14SMA(low)'s price(-5 or 10 pips) So now we have entry and exit points. We have to place pending order so that our RR must 2\1. For example GBPUSD 2009.01.04
http://img411.imageshack.us/img411/8977/65106216.gif
This 1 kind of entring. Sorry for my poor eng. I just want to know if its possible to code ill share another side of this strategy
Think like an investor, Act as a speculator. Ferid H.