All trades based on 4hr candles around S/R areas made by pivots. Looking at price action around daily and weekly Pivots. Also on charts are Round Numbers, ADR, and Coloured Days.
All positions are opened with a 20 pip target and a 40 pip stop.
The first position on all trades is for 20 pips. When a 2nd position is opened the target is based on pivots and /or round numbers and the stop is moved to break even when it is 20 pips positive. I sometimes look at the daily TF and the weekly TF, to see if there is any reason to not take the trade. Also the ADR (13) is used, to see if there is still room to move.
PA: pin bars, outside, engulfing, double tops/bottoms, break out and retrace to S/R then continuation. I will quite often jump in while a 4hr bar is forming if it is moving in the direction of my analysis. I dont always wait for a bar to close.
I very very rarely trade CHF, or pairs with a 10 pip spread.
All positions are opened with a 20 pip target and a 40 pip stop.
The first position on all trades is for 20 pips. When a 2nd position is opened the target is based on pivots and /or round numbers and the stop is moved to break even when it is 20 pips positive. I sometimes look at the daily TF and the weekly TF, to see if there is any reason to not take the trade. Also the ADR (13) is used, to see if there is still room to move.
PA: pin bars, outside, engulfing, double tops/bottoms, break out and retrace to S/R then continuation. I will quite often jump in while a 4hr bar is forming if it is moving in the direction of my analysis. I dont always wait for a bar to close.
I very very rarely trade CHF, or pairs with a 10 pip spread.
Attached File(s)
ATR in Pips.mq4
2 KB
|
230 downloads
Coloured_Days_on_Chart.mq4
2 KB
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217 downloads
Daily Range PeterE.ex4
3 KB
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214 downloads
IBFX - DailyPivots.mq4
14 KB
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216 downloads
PivotCustom_4TimeFrames.mq4
45 KB
|
261 downloads
RoundNumbers[1].ex4
3 KB
|
232 downloads
pivot template.tpl
24 KB
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220 downloads