Open Scalping Strategy

EURUSD +5 pips
GBPUSD +1.9 pips

*I made a mistake on GBP/USD pairs today. Lot size was wrong. I think I have to stop trade today.

Two new TPs today on USD news. UCHF +7. EU +10.

Two valid trades today. EU & AU. Both winners. +20 pips. Nice start to the week swilliam.

3 wins today

AUDUSD +7
GBPUSD +7
EURUSD +7

yes, a nice start. hope it continues to do so.

Today I have these so far:

NU +10pip
UJ +15pip
EU +10pip

Been a good week so far I've made about 70pip this week!!!

2 wins on E/U and G/U today.

Thus far using the 5 pip TP to 15 pip SL ratio: 13 wins, 2 losses... 86.7% win rate.

Good start, but time will tell if it is sustainable or not.

GL all.

0820 results

EURUSD +3.3 pips
GBPUSD +3.4 pips
USDCHF +1.4 pips
NZDUSD +2.3 pips
USDCAD +5 pips

Made my first lost today on GU, got all the way down to +9.5 pips before retracing to hit SL -10pip. Should have closed it off when I noticed stoch was in oversold

3 Wins today trading only recommended pairs

EURUSD + 7
GBPUSD + 7
USDCHF + 7

Nice day

if the D1 price close above the weekly open price but below the monthly open price then what should i do?

it means there is no trade.

it should close above both lines for a buy stop setup
or close both below for a sell stop setup

0821 results

AUDUSD +1.8 pips
GBPUSD +3.3 pips
USDCAD +4.1 pips
NZDUSD +4.8 pips
EURUSD +1.9 pips
USDJPY +3.5 pips

Got
EU +7
GU +7
AU +7
UC +7

All wins

Hi SWilliam and Friends Thanks for sharing nice system. Today is my first day with system with only 4 main pairs with 5 pip TP all win.

EU +5
GU +5
UC +5
AU +5

The best thing about the system is i can put pending orders and do other things.

this system is really good, and there is no subjectivity in it.

5-7 pips maybe the optimum target. I haven't got a losing trade since i started with 5-7 pips TP

thanks for showing us a really nice and easy way of trading

I only have one question. Is there an EA around which can trade this strategie?
because the close of the daily candle is right in the middle of the night for me, so no chance for me to setup the trades...

thank you Mikajap......

Hi jeffray, i made a simple EA for this strategy, i'm not an expert in programing so it can be done by anyone, i can help you with that..

I made the EA to test 2 ways:
Pending order per day from tuesday to friday, if the price is above or under the month and week opens like on the first post
The other was at 4h candle with the same entries as for the day.

I only started this week as a i came across the strategy last weekend, only testing on EU.
the results for the 4h candles at this time is:
1 loss, 6 wins, 2 wins at 0.5pip.
the stop loss is 20 pips, take profit 10 pips, at 5 pips profit it moves the stop to 0.5pips profit.

Forgot to mention, 6 wins at 10pips, and more 2 wins at 0.5pips.

I think pending order is good, i also prefer trailing stop for TP