I thought I am gonna start a new thread with my daytrading system.
Look at previous 2 bars. If yesterdays bars' low is higher than the one before AND close is higher than the open. Buy on the open of the current bar.
SL is 1/2 of the daily ATR. If SL hit reverse. Do this ONLY ONCE.
No take profit or break even. Close at the end of the day. Next day repeat.
Short reverse.
System update. (18/02/2008)
Those who like to keep positions longer. Basically if we get contnuously the same signal day after day. We can do as follows. IF SL is not hit the previous leave positions as they are. Open new positions the new day and set the SL as 1/2 of the ATR as usual. Adjust previous days' SLs to this level. Basically if we have a 4-6 days swing we can do over thousand pips in profit. Nice??
Bye.
BR
Look at previous 2 bars. If yesterdays bars' low is higher than the one before AND close is higher than the open. Buy on the open of the current bar.
SL is 1/2 of the daily ATR. If SL hit reverse. Do this ONLY ONCE.
No take profit or break even. Close at the end of the day. Next day repeat.
Short reverse.
System update. (18/02/2008)
Those who like to keep positions longer. Basically if we get contnuously the same signal day after day. We can do as follows. IF SL is not hit the previous leave positions as they are. Open new positions the new day and set the SL as 1/2 of the ATR as usual. Adjust previous days' SLs to this level. Basically if we have a 4-6 days swing we can do over thousand pips in profit. Nice??
Bye.
BR
.