Advanced system #8 (4 CANDLES STRATEGY)

Thank you, James
Hi Edward,

Could u help me, when i will delete the pending order?

Best Regards
CJA

I am a newbie.I did not trade any forex yet.But i got a few advise here.Back to the basic! Good luck guys!

James you are a great guy. Am still using the 4h stoch strategy but i have been looking of a way o make valid entries.I guess i can use this too.

Regards
Nzemkolo

Hi James what is the best time to start watching the market and wait for the 4 candles,London(00:00 GMT) or NY(00:00 EST)???

kiluvys

Hello I am Javier and I wanto to know if I can create an entry order, for example 30 pips below the lowest low and 30 pips above the highest high with 50-60 pips of stop loss and 50 - 100 pips to take profit
Once one of the entry orders is triggered I could remove the another entry order, James can I apply this?
Thanks in advance and Regards

Hi Javier,
Yes you may. But then if you don't come later on during the day to check on your trading performance, you won't be able to trade another breakout (in the opposite direction) in case an opportunity presents itself.

Other than that, a plan to have one breakout trade per day looks good.

Regards,
Edward

Hi kiluvys, good note, James didn't mention that. I'd look at both and collect some statistics. Then simply compare.
Troy

Hi kiluvys,

I've compared the screen shot data provided by James to the history data on my charts. It looks that James trading platform timing is running according to GMT+2 time zone.
So, if you want to follow the recommendations precisely, you would need to focus on 4 candles from starting from 00:00 GMT+2.

Regards,
Edward

P.S. James, please confirm or correct me if needed.