I was looking for indicators and system, but never found like this. This system just need 1 indicators, and need no technical and fundamental. Every body able trade with this easy system. I found this indicator named SDX ZoneBreakout in some site, then I set it on realtrader broker dot lv or alpari rusia, beating GBP/JPY with no such effort, very easy.
Here is the setup:
Set chart into 30m GBP/JPY, add the SDX Zone Breakout, set TmeZoneData -8, pips for entry 30. This will plot Hi-Lo from 00:00 until 03:30 broker time. Pay attention for the range between 00:00-03:00, no more than 150pips. If less than 150 then you place buystop and sellstop on High/Low by increase or decrease 30pips. And dont forget to cancel other if one executed. Cancel all of them if not executed until 24:00 GMT +7:00. But, if the range more than 150pips, stay away from the GBP/JPY. Profit target set into 101pips and stoploss into 100pips (almost risk:reward =1:1)
for journey, picture, download, entry detail see HERE
You can use other broker, but use this broker as your signal generator.
Using this indicator doing backtest, is 100% reliable, if loss then loss, if profit it said profit, nothing about. All you need is dicipline. The key of this indicators is timing.
Sorry if repost, but i never found this strategy. If somebody had this system before, he/she may claim it.
regard,
ezra
Here is the setup:
Set chart into 30m GBP/JPY, add the SDX Zone Breakout, set TmeZoneData -8, pips for entry 30. This will plot Hi-Lo from 00:00 until 03:30 broker time. Pay attention for the range between 00:00-03:00, no more than 150pips. If less than 150 then you place buystop and sellstop on High/Low by increase or decrease 30pips. And dont forget to cancel other if one executed. Cancel all of them if not executed until 24:00 GMT +7:00. But, if the range more than 150pips, stay away from the GBP/JPY. Profit target set into 101pips and stoploss into 100pips (almost risk:reward =1:1)
for journey, picture, download, entry detail see HERE
You can use other broker, but use this broker as your signal generator.
Using this indicator doing backtest, is 100% reliable, if loss then loss, if profit it said profit, nothing about. All you need is dicipline. The key of this indicators is timing.
Sorry if repost, but i never found this strategy. If somebody had this system before, he/she may claim it.
regard,
ezra