I've been using this system for the last few days with excellent results more then 40 pips per day. Back testing shows me that this system can create great results. I think an expert would do extremely well with this, if anyone is interested to code it. Here goes the system:
Eurusd 15 min chart
AO settings 2, 15
stop loss 15 pips including spread.
take a trade when it moves above or under 10 - wait for the bar to finish.
take profit is dictated by stop and reverse (this where an EA will make good use)
trail 10 pips.
if you have 3 consecutive losses then set a take profit of 10 pips for the next 3 trades.
Thats it.
Attached is the AO indicator which allows for user inputs:
Eurusd 15 min chart
AO settings 2, 15
stop loss 15 pips including spread.
take a trade when it moves above or under 10 - wait for the bar to finish.
take profit is dictated by stop and reverse (this where an EA will make good use)
trail 10 pips.
if you have 3 consecutive losses then set a take profit of 10 pips for the next 3 trades.
Thats it.
Attached is the AO indicator which allows for user inputs:
Attached File(s)
AOwInputs.mq4
3 KB
|
3,643 downloads