Hi there guys

I am new to FF..rarely a month....but i have learnt so much here..great work guys!...i got a nice strategy which i actually did a few back test on the GBP USD and USD JPY pair

Ok my Time is +8 GMT (Malaysia)

Usually i consider new market day at 5 am local time 25 July which is 5 pm 24 July in New York.

What I have found is this...

We need to calculate the pivot for the closing day.

For Instance.

USD JPY closing 21 July

High 117.05

Low 115.81

Close 116.16

Calculated pivot will be 116.36

If the difference between the closing & pivot is more than 10 pips, then it would be quite safe to enter a position for the new day and set profit target at pivot point.

IF Close Price is higher than Pivot by more than 10 pips, then we can enter a SHORT position n Take Profit at the Pivot point.

If Close Price is lower than Pivot by more than 10 pips, then we can enter a LONG position n take profit at the pivot point.

So for USD JPY above, we LONG at 116.16 and take profit at 116.36 (Pivot), we can get about 20 pips for this case.

IF Close n Pivot is less than 5 pips, I would say its abit tough to predict the market movement..

Currently I am doing it manually, this means i gotta get up early in the morning to take down the data at 430-500 am and key in my order..

There are some days (very rare) that it might not hit the pivot point at all.

I set Stop Loss at 30 pips. I am still testing this method.

I hope that one of you guys can help me create an EA for this as I am totally blur about programming.

Maybe you guys can test this out on other pairs and let me know your results..as you know..alot of brains is better than one..

Today i will be trying for AUD USD, USD CHF n EUR USD pairs too..PLease give me some comments..

I am new to FF..rarely a month....but i have learnt so much here..great work guys!...i got a nice strategy which i actually did a few back test on the GBP USD and USD JPY pair

Ok my Time is +8 GMT (Malaysia)

Usually i consider new market day at 5 am local time 25 July which is 5 pm 24 July in New York.

What I have found is this...

We need to calculate the pivot for the closing day.

For Instance.

USD JPY closing 21 July

High 117.05

Low 115.81

Close 116.16

Calculated pivot will be 116.36

If the difference between the closing & pivot is more than 10 pips, then it would be quite safe to enter a position for the new day and set profit target at pivot point.

IF Close Price is higher than Pivot by more than 10 pips, then we can enter a SHORT position n Take Profit at the Pivot point.

If Close Price is lower than Pivot by more than 10 pips, then we can enter a LONG position n take profit at the pivot point.

So for USD JPY above, we LONG at 116.16 and take profit at 116.36 (Pivot), we can get about 20 pips for this case.

IF Close n Pivot is less than 5 pips, I would say its abit tough to predict the market movement..

Currently I am doing it manually, this means i gotta get up early in the morning to take down the data at 430-500 am and key in my order..

There are some days (very rare) that it might not hit the pivot point at all.

I set Stop Loss at 30 pips. I am still testing this method.

I hope that one of you guys can help me create an EA for this as I am totally blur about programming.

Maybe you guys can test this out on other pairs and let me know your results..as you know..alot of brains is better than one..

Today i will be trying for AUD USD, USD CHF n EUR USD pairs too..PLease give me some comments..