Most of daily candles looks like this:
At open price there is a zone, where is lower and there is another where is higher the price.
To use this: open a hedge position with small TP: a long + a sort position.
TP size will make this system a profitable or a winning one. So do your experiment on your preferred currency pair and at preferred daily candle offset or even other timeframe!
Where is not good this system:
- when the price is moving with extreme speed in one direction.
This candles are risky:
This candles are killing the system:
and those with full body:
You can add indicators to filter those with a certain probability.
Every system has his weak points.
For this system are those candles.
This system expected to have a higher win percentage and bigger draw down.
Unless you can improve.
I would take an 5 or 10 pip TP for EUR/USD, SL 90 pip
At open price there is a zone, where is lower and there is another where is higher the price.
To use this: open a hedge position with small TP: a long + a sort position.
TP size will make this system a profitable or a winning one. So do your experiment on your preferred currency pair and at preferred daily candle offset or even other timeframe!
Where is not good this system:
- when the price is moving with extreme speed in one direction.
This candles are risky:
This candles are killing the system:
and those with full body:
You can add indicators to filter those with a certain probability.
Every system has his weak points.
For this system are those candles.
This system expected to have a higher win percentage and bigger draw down.
Unless you can improve.
I would take an 5 or 10 pip TP for EUR/USD, SL 90 pip
I want to buy PATIENCE
