The method is borrowed from the SpeedTrap thread and I have deep118 to thank for it. However I have made some changes in order to make it suit me.
Trading only H4 TF, highs and lows of 00:00 and 04:00 of Mondays Candle (GMT) is used for the whole week.
Trading pairs: E/U, G/U, USD/CAD
SL: 200pips (seems to be the sweet point according to backtest)
Trailing Stop: 100 pip TSL activated 100 pips into profit and 200pip TSL activated 400 pips into profit (to catch big moves even 1000, or 2000 pip move possible!)
T/P: None
Notes:
1) Trading is not done from open of market to 12:00 Monday GMT(1st trade can be entered at 12:00 Monday
2) All positions are closed before close of market on Friday
Status:
Waiting for the Monday to get High and Low
If anyone is interested in developing an EA please let me know, I have a partial EA but not working properly.
Trading only H4 TF, highs and lows of 00:00 and 04:00 of Mondays Candle (GMT) is used for the whole week.
Trading pairs: E/U, G/U, USD/CAD
SL: 200pips (seems to be the sweet point according to backtest)
Trailing Stop: 100 pip TSL activated 100 pips into profit and 200pip TSL activated 400 pips into profit (to catch big moves even 1000, or 2000 pip move possible!)
T/P: None
Notes:
1) Trading is not done from open of market to 12:00 Monday GMT(1st trade can be entered at 12:00 Monday
2) All positions are closed before close of market on Friday
Status:
Waiting for the Monday to get High and Low
If anyone is interested in developing an EA please let me know, I have a partial EA but not working properly.