I am following this method with great success for last several months. this is very very simple method without any indicator
There are several versions of this method on this forum with different names. why it is unique then ? its unique because of its simplicity. just follow blindly you will make pips !!! dont change any of these parameters
Pair : USDJPY. dont trade any other pair please
Method : Open H1 chart for USDJPY. mark high, low between 23:00 GMT to 00:00 GMT , this is 1 hour duration.
Place buy limit order at high + 2 pips, sell limit order at low - 2 pips
TP : close 50% at 1:1 and remaining at 1:2 (move SL to BE), that means if risk is 20 pips, then close 50% for 20, and 50% for 40
SL : Otherside of the candle +- 2 pips
Ideal Range: Minimum range should be 11 pips and max should be 18 pips.
Please please do not change any of these parameters, do not try on other pairs
do not add any EMA or any indicator, blindly place orders both sides. even if one leg gives profit, keep other leg order. however after 9 AM GMT , cancel pending orders. if the order doesnt hit TP/SL by next day open hour close it at whatever price you get
There are several versions of this method on this forum with different names. why it is unique then ? its unique because of its simplicity. just follow blindly you will make pips !!! dont change any of these parameters
Pair : USDJPY. dont trade any other pair please
Method : Open H1 chart for USDJPY. mark high, low between 23:00 GMT to 00:00 GMT , this is 1 hour duration.
Place buy limit order at high + 2 pips, sell limit order at low - 2 pips
TP : close 50% at 1:1 and remaining at 1:2 (move SL to BE), that means if risk is 20 pips, then close 50% for 20, and 50% for 40
SL : Otherside of the candle +- 2 pips
Ideal Range: Minimum range should be 11 pips and max should be 18 pips.
Please please do not change any of these parameters, do not try on other pairs
do not add any EMA or any indicator, blindly place orders both sides. even if one leg gives profit, keep other leg order. however after 9 AM GMT , cancel pending orders. if the order doesnt hit TP/SL by next day open hour close it at whatever price you get