Hey Emma, thank you for sharing your strategy. I'm still a little confused about the entries, maybe you or someone else can help me. So if a Bar closes below the Box and isn't too close to the 50% tp do I immediately open the first Trade and set an Pending Order at the Low of the Box or do I set two Pending Orders at the Low of the Box and wait for them to be executed? Hope someone coul help me with this. Thanks!
24.03.20 Today avoid GU no trade No thing to do Now just wait for closing BAR 1-06:00-10:00 GMT BOX Range (**)pips 2-Wait for Setup to be done Done 3- calculate your risk R:R (Pips / Risk (*%) of my account = could be 1 trade or 2 or 3 positions but totally ( same Risk) 4- Be ready to open your Sell / Buy Market & limit Order as well Done ( buoght + buy limit order placed ) 5 -Rule of exit A- (TP) 1 trade @ 50% this case 50% pips of the range (Tp) 2 Trade @ 100% pips of the range B- Exit Rule by Stop loss close trade if 1H Bar close below low /...
{quote} Hi, Thanks for sharing this strategy. Do you ever find that if you have a losing trade on GJ, you have a losing trade on GU on the same day? Or do they appear to work differently? I've also been looking at the 8am-9am 1 hour bar (UK time). If you trade the break of this, it seems to yield good results too. I've tried it on GU, GJ, EU and Gold. If one side breaks and fails, the other side will usually bring in the pips. I would move on if the trade has failed twice on one day (so if long and short both fail, try again tomorrow).
