YOU TO HAVE EARNED 10PIPS
AND NOT TO NEED STOP LOSS
POSITION CLOSE!!
AND NOT TO NEED STOP LOSS
POSITION CLOSE!!
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DislikedIf I understood the rules correctly, buy or sell if the price goes thru the box with 15 pips stoploss, then I have some bad news.
see picIgnored
DislikedVery interesting thread, i have been forward testing a strategy very similar to this, but varied as follows:
1. High and low is only one hour, that being 3pm-4pm Sydney, Australia time. I won't say what that is in other time zones because its fairly important to get it right.
2. If it breaks high, then enter long 1 pip above high. Vice versa for short obviously.
3. Target 10 pips. But if target not reached, S&R other side of range.
Example.
High = 2.0334
Low = 2.0325
Breaks high, buy @ 2.0335, target at 2.0345
S&R short @ 2.0324, BUT with a bigger lot size, so that when you get to 2.0314, you have made the same amount of money as your original long would've made, its slightly martingale, but due to the market at this time this is kept to a minimum because London markets are opening and volatility is almost certain.
The idea of my variation on this is to always have the TP as 10 pips either side of the range. Its working well for me.Ignored
DislikedFriend,
If To Have Problems I To Be Able To Help To Make To Know.
Hello
Thanks To All For The Collaboration.
You Are Big
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