I tried this Israeli system by a great forexer named O.Bar.
Try to open 2 positions, via stop/entry order - at the same rate!!! e.g. :
buy gbp/usd 1.2031 and sell gbp/usd at the same time(hedge).
Very important : I use a stop of 20 and a trailing stop of 10 (the Delta is 20).
When both positions open i do the following :
The + position I trail the stop manually with a 10 pip stop - And I wait for a radical break which stops the losing position and continues my winning trade - works most of the time only on GBP/USD - london session (based on the big ben system ).
Use THIS only in peak overlap times - and :
Most importantly - I use Two Oanda accounts with this system - since the spread is minimal - thus - a loss is minimal at best.
This system works best in the London breakout session .
How would u guys improve it?
Try to open 2 positions, via stop/entry order - at the same rate!!! e.g. :
buy gbp/usd 1.2031 and sell gbp/usd at the same time(hedge).
Very important : I use a stop of 20 and a trailing stop of 10 (the Delta is 20).
When both positions open i do the following :
The + position I trail the stop manually with a 10 pip stop - And I wait for a radical break which stops the losing position and continues my winning trade - works most of the time only on GBP/USD - london session (based on the big ben system ).
Use THIS only in peak overlap times - and :
Most importantly - I use Two Oanda accounts with this system - since the spread is minimal - thus - a loss is minimal at best.
This system works best in the London breakout session .
How would u guys improve it?