By tkimble we open position at 02:00 AM EST and close at 03:30 PM EST on Friday, Am I right?
1M & 5M Scalping System (Scalping Paradise) 21 replies
DislikedI like the idea behind this system- super simplicity!
I a going to try it live Sunday night for the first time.Ignored
DislikedI'm still a little bit hazy.
You make pending buy and sell orders 50 pips away from the close price of previous week with no T.P and stop loss 30 pips. Close both trades end of the week. Is that correct?
But is 30-pip SL wide enough for a swing trade?Ignored
This thread was started in 2007 when there was no hedging rule in place.
(for US based brokers)
I'm not sure, if it's still possible to place both SELL and BUY
pending orders on the same pair or otherwise initiate pending
SELL order, while BUY is already opened and vise versa..
Please correct me, if I'm wrong on that.Ignored
DislikedI use FXCM( one of the largest FX brokers) and they allow hedging but even if your broker does not allow hedging, you can still place pending buy/sell orders at the same time.Ignored
DislikedOK, I'll try that. I also was using FXCM ones, but (UK based) and they do allow hedging,
but their execution time was so terrible that's why I run as far as possible from
them. they was walking my "buy" or "sell" order for sometime to execute at
price.. Sometimes it takes 5 min or more, which is absolutely unacceptable
in FOREX reality.. Anyways I have another question//
Place +50 - 50 pips orders
and SL 30 pips is that SPREAD included or excluded???
It's important cause on some
volatile pairs like GBPJPY I...Ignored