The route is the goal
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Disliked{quote} Yup, i saw it already, i think its too complicated to be done. and it is also only can be done if you open big enough trade, if you open small lot , or even below 0.1 lot. this cant be done. So i think it complicate the trade, lets try to make something easier, and also more profitable.Ignored
Disliked{quote} Can you add the feature to open the second trade as well?.Ignored
Disliked{quote} Youre welcome, just remember that the method itself doesnt always made you profit or lose. its money management and our mind management that made a good trader. a good trader trade for the long run, gambler trade for a trade or two. Trading is a long journey.Ignored
Disliked{quote} From next Week, i trade this Strategy with my MM. I post the Results after 1 Month. Nice Weekend to all!Ignored
Disliked{quote} I try also in my office Calc file your MM, but the result is not better, is in the range! it is very important to choose the right time, end of year and holiday time may not so good.Ignored
DislikedI check the time from middle of last year December to now end of March. December last half was very bad for this system! so the result is depend of your MM, in one case you loose half of your money and in the best case you win in this 3-1/2 Month all together 10% of your capital. if you start 1 January this Year with the best MM you can make 30% you hope if you trade at real account you choose the right time good luck to all, then we need it!Ignored
Disliked{quote} Zen, in order to prevent misunderstanding, Could you please confirm the entry price levels of (second trade) recovery pending buy/sell stop orders? Suppose, High / Low prices of 8:00 1H EurUSd Candle are (two hours before London opening) (icmarkets London Opening Time = 10:00 gmt +3) High : 1.08524 Low : 1.08443 Close : 1.08501 As soon as 8:00 candle closes and 9:00 candle starts we place buy/sell stop orders (1 hour before London opening) BuyStop @ 1.08600 SellStop @ 1.08400 Price moves upwards, triggers our pending buystop and a long order...Ignored
Disliked{quote} I'm sorry about this. But I'm getting confused when you say 9 o'clock is the London open, I am trading in Great Britain. So the clock on my wall tells me when London opens, And when I place my mouse over the candle. It tells me which candle, as just open. What makes it so confusing is my broker as two candles or two hours in front of me. So I count everything from the mid-night line. Could you just look at my chart and tell me if I have got this right. Thank you {image}Ignored
Disliked{quote} From next Week, i trade this Strategy with my MM. I post the Results after 1 Month. Nice Weekend to all!Ignored
Disliked{quote} Zen, in order to prevent misunderstanding, Could you please confirm the entry price levels of (second trade) recovery pending buy/sell stop orders? Suppose, High / Low prices of 8:00 1H EurUSd Candle are (two hours before London opening) (icmarkets London Opening Time = 10:00 gmt +3) High : 1.08524 Low : 1.08443 Close : 1.08501 As soon as 8:00 candle closes and 9:00 candle starts we place buy/sell stop orders (1 hour before London opening) BuyStop @ 1.08600 SellStop @ 1.08400 Price moves upwards, triggers our pending buystop and a long order...Ignored
DislikedJust over 2 Weeks trading this now. Thanks Zen great system. High ROI. Up 17.4%. Win/Loss ratio of 72% over 39 trades taken. I'm trading x2 pairs, EurUsd and Eurjpy Both on candle close 2hrs before London open and same again 1.5hrs after the US open. If first trade loses then I re-enter the trade same rules as before using OCO order. I've only had this fail and end down on the day once. Trade the system, stick to the rules, don't get greedy and let the profits build. As an aside see below. Assuming a starting account of 5K and using 2% balance risked...Ignored
Disliked{quote} Thanks for the update In this case ,the second trade would be buy stop @ 1.0860 and sell stop @ 1.0840. Because the first it hit SL and the 00 pricle price above and below 8 candle is @1.0860 and @1.0840, so we still put it on the level.Ignored
DislikedHi Everyone, I am following this tread and reading your posts. I think it is really helpful but it still can be misleading. Let me sum up our rules for you to review and to modify if necessary. Zen Trader Method: Play major pair with low spread, most commonly EUR/USD Use 1H chart with marks at 00 levels Focus on market openings, most commonly London open (8:00 GMT) but you can also use NY Open, Tokyo Open etc... Two hours before market open (6:00 GMT) watch 1H candle and mark her HIGH and LOW, those are your reference points If next candle (7:00...Ignored