Hello,
I open this post for all to share simple trading systems that violates the classic rule of trading, trend is your friend, with good results.
I will do first contribution I discover in the net but itīs applied to Emini S&P.
It will be good if someone have any applied to mt4.
Simple Range Exhaustion System
1. Calculate the daily 20 period average range.
2. Today’s range must expand to exceed #1.
3. The 2-day combined range must expand to exceed 2.2 times of #1.
4. Go long at market if the market is trading in the lower portion of the 2-day range.
5. Protective stop is placed at 0.35 times #1 from the entry price.
6. If not stopped out, exit by 16:00 Eastern Time. i.e. a day trading system
System can be found here :
http://newsletter.neoticker.com/2006...ustion-system/
I open this post for all to share simple trading systems that violates the classic rule of trading, trend is your friend, with good results.
I will do first contribution I discover in the net but itīs applied to Emini S&P.
It will be good if someone have any applied to mt4.
Simple Range Exhaustion System
1. Calculate the daily 20 period average range.
2. Today’s range must expand to exceed #1.
3. The 2-day combined range must expand to exceed 2.2 times of #1.
4. Go long at market if the market is trading in the lower portion of the 2-day range.
5. Protective stop is placed at 0.35 times #1 from the entry price.
6. If not stopped out, exit by 16:00 Eastern Time. i.e. a day trading system
System can be found here :
http://newsletter.neoticker.com/2006...ustion-system/
