This strategy still being used by anyone?
DislikedHi all and welcome to the DAILY95PIPS strategy.
Before we start I urge you to paper trade any new strategy including this one before committing any of your own funds. Thorough testing is crucial before taking any strategy live.
Also bear in mind that this system is by no means new and may look familiar to some of you. I am simply passing it on from my predecessors/mentors in the hope that it adds to your existing trading arsenal and increases your trading results.
The basis of this system is VERY simple and has proven to be profitable,...Ignored
DislikedHi all and welcome to the DAILY95PIPS strategy.
Before we start I urge you to paper trade any new strategy including this one before committing any of your own funds. Thorough testing is crucial before taking any strategy live.
Also bear in mind that this system is by no means new and may look familiar to some of you. I am simply passing it on from my predecessors/mentors in the hope that it adds to your existing trading arsenal and increases your trading results.
The basis of this system is VERY simple and has proven to be profitable,...Ignored
DislikedSo what you are trying to say is:
Long orders:
1. Entry = Low-5pips, TP=15pips, SL=30pips
2. Entry = Low-5pips, TP=30pips, SL=30pips
3. Entry = Low-5pips, TP=50pips, SL=30pips
Short orders:
1. Entry = HIGH+5pips, Take Profit=15pips, SL=30pips
2. Entry = HIGH+5pips, Take Profit=30pips, SL=30pips
3. Entry = HIGH+5pips, Take Profit=50pips, SL=30pips
How are the results on this strategy?
ThanksIgnored
DislikedHi, This sounds a bit like what Carl Dittman is advocating but is selling this strategy for $54!!. I e-mailed him with what was on this and he confirmed it was pretty much same! Here on Forex Factory it is a lot cheaper.
Anyway I have a question. When you say look at the high and the low of the previous 17 hours do you also include the pin bits of the candle or is it just the body you take account of. This would make a difference because the pins (or shadows whatever you call them) are sometimes quite long. Also why do you have to set these...Ignored