5 minutes a day EURUSD | Forex Factory

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5 minutes a day EURUSD

  • #1
  • First Post: Edited Apr 17, 2019 6:59pm Apr 11, 2019 11:32pm | Edited Apr 17, 2019 6:59pm
deleted
  • #2
  • Apr 12, 2019 12:22am Apr 12, 2019 12:22am
Quoting Ivanyo
There is a theory is that the early direction of the EURUSD in the day is often reversed as Europe starts to wake up and begin trading. To put this theory into an actual trading plan, we do as below; Use 6:00am London open price as the reference price (use this (https://forex.timezoneconverter.com/) if you need to know what time in your local area) Set Buy Limit 16 pips from reference price and Sell Limit 13 pips from reference price (don't ask me why, it's been tested to be 'optimal') Take profit 31 pips, stop loss 15 pips (favorable...
Tp 31 pips for four digit broker or 5 digit?
  • #3
  • Edited 1:05am Apr 12, 2019 12:23am | Edited 1:05am
Quoting jamco388
{quote} Tp 31 pips for four digit broker or 5 digit?
four digit broker

Entries in;
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  • #4
  • Apr 12, 2019 5:17am Apr 12, 2019 5:17am
smart strategy. I hope I can follow your way.
  • #5
  • Apr 12, 2019 6:12am Apr 12, 2019 6:12am
Ivanyo, Best wishes to you & your thread.

________________________________________
  • #6
  • Apr 12, 2019 6:27am Apr 12, 2019 6:27am
It should be easy for some coder to make an EA for this and test it.
  • #7
  • Edited 7:25pm Apr 12, 2019 8:04am | Edited 7:25pm
-15 pips for today

BACK AGAIN ON MONDAY!
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  • #8
  • Apr 12, 2019 9:39am Apr 12, 2019 9:39am
it's the same strategy I've tested, you can see my thread.
I created an ea with these rules and it is not profitable
  • #9
  • Apr 12, 2019 2:27pm Apr 12, 2019 2:27pm
any backtest data to this system?
  • #10
  • Apr 12, 2019 7:26pm Apr 12, 2019 7:26pm
Quoting gian97
it's the same strategy I've tested, you can see my thread. I created an ea with these rules and it is not profitable
Great, please share the results?

Quoting hundsbua
any backtest data to this system?
No, that is the point of this. I am testing it now.
  • #11
  • Apr 13, 2019 4:29am Apr 13, 2019 4:29am
for long run not profitable .
Regard NOOR16
  • #12
  • Apr 13, 2019 6:40pm Apr 13, 2019 6:40pm
Quoting Noor16
for long run not profitable .
Got proof?
  • #13
  • Apr 14, 2019 4:24am Apr 14, 2019 4:24am
Quoting Ivanyo
{quote} Got proof?
Check 2016 2017
Regard NOOR16
  • #14
  • Edited 6:06pm Apr 15, 2019 1:06am | Edited 6:06pm
Quoting Noor16
{quote} Check 2016 2017
I guess we will have to see - I have started a new trade explorer to test and document results. Even with <50% win rate this method can still be profitable since the favorable risk to reward ratio.
  • #15
  • Apr 15, 2019 6:05pm Apr 15, 2019 6:05pm
Today's profits - closed manually as after NY close there is no good volume.

Looking to enter again later today at 6AM London time
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  • #16
  • Apr 16, 2019 4:09pm Apr 16, 2019 4:09pm
After being up early, the trade turned against us overnight and ended up in a loss. Closed manually as now after NY close and volume is not good.

Back again later today for another entry!
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  • #17
  • Last Post: Apr 17, 2019 4:03pm Apr 17, 2019 4:03pm
No good volume overnight so closed at just above BE after NY close.

Back again later today for another setup!
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