Dear all,
This strategy is really profitable in any position of the market accept spike on news... So we can avoid news trading but its result is more fast after the 5 minutes of any high impact news.
Simply it is set and forget strategy on any account. There are no special indicators involved in this strategy.
No need for any indicator infect. But does not matter if we analyze the market with any indicator, SMA is the best option for that.
Now lets move to the actual strategy, here we go:-
Concept of Strategy:
Time Frame Any: Open a sell or buy order on the closing of down or buy candle with 5 pip TP and 5 pip SL
Exact at the same time place a buy stop order on the SL rate of open trade with double volume with 5 pip TP and 5 pip SL
If first trade SL hit then pending buy stop will trigger at the same time. Once the buy stop triggered place another sell stop order on the SL rate of active trade.
If it takes SL then we will place another buy stop pending with double volume of previous trade and so on until we take the TP at any position.
Once the TP will hit, we will start the same process again until we take the TP again.
In this strategy 5 pip SL is best on low spread pair like EurUsd but doesn't matter if we extend our TP. We are in profit after getting 5 pip TP at any stage but we can get more profit if we take more then 5 pips in this strategy, its our choice.
This strategy needs quick action if you are sitting in front of computer that is why its a tough job to handle manually so we need EA on this Strategy.
In this Strategy every time there will be only one active trade with one pending order.
Example: 0.01 buy @ 1.12500 TP @ 1.12550 SL @ 1.12450
0.02 Sell Stop @ 1.12450 TP @ 1.12400 SL @ 1.12500
Now If TP Hit For First Trade then pending order will be deleted and we will start the set again after closing of the next candle.
But if first trade hit SL then 0.02 Sell Stop will trigger @ 1.12450 [email protected] @ 1.12500 then at the same time we will place another pending order with 0.04 Buy Stop @ 1.12500 [email protected] SL@ 1.12450 and upto so on.
I hope the above information is enough to code this strategy if not so please do contact me for further clarification.
I am personally inviting abokwaik to code this profitable strategy for FF users.
All of you are requested to share your point of views about this strategy.
Regards
This strategy is really profitable in any position of the market accept spike on news... So we can avoid news trading but its result is more fast after the 5 minutes of any high impact news.
Simply it is set and forget strategy on any account. There are no special indicators involved in this strategy.
No need for any indicator infect. But does not matter if we analyze the market with any indicator, SMA is the best option for that.
Now lets move to the actual strategy, here we go:-
Concept of Strategy:
Time Frame Any: Open a sell or buy order on the closing of down or buy candle with 5 pip TP and 5 pip SL
Exact at the same time place a buy stop order on the SL rate of open trade with double volume with 5 pip TP and 5 pip SL
If first trade SL hit then pending buy stop will trigger at the same time. Once the buy stop triggered place another sell stop order on the SL rate of active trade.
If it takes SL then we will place another buy stop pending with double volume of previous trade and so on until we take the TP at any position.
Once the TP will hit, we will start the same process again until we take the TP again.
In this strategy 5 pip SL is best on low spread pair like EurUsd but doesn't matter if we extend our TP. We are in profit after getting 5 pip TP at any stage but we can get more profit if we take more then 5 pips in this strategy, its our choice.
This strategy needs quick action if you are sitting in front of computer that is why its a tough job to handle manually so we need EA on this Strategy.
In this Strategy every time there will be only one active trade with one pending order.
Example: 0.01 buy @ 1.12500 TP @ 1.12550 SL @ 1.12450
0.02 Sell Stop @ 1.12450 TP @ 1.12400 SL @ 1.12500
Now If TP Hit For First Trade then pending order will be deleted and we will start the set again after closing of the next candle.
But if first trade hit SL then 0.02 Sell Stop will trigger @ 1.12450 [email protected] @ 1.12500 then at the same time we will place another pending order with 0.04 Buy Stop @ 1.12500 [email protected] SL@ 1.12450 and upto so on.
I hope the above information is enough to code this strategy if not so please do contact me for further clarification.
I am personally inviting abokwaik to code this profitable strategy for FF users.
All of you are requested to share your point of views about this strategy.
Regards
