Forex trading strategy #15 (10 pips a Day)

If you put a buy and sell at the market order at 00:00gmt (non usa broker) with a tp of 10pips you will win on both sides ALMOST every time since the daily prices move up and down the whole day. there are a few days like today on EUR/USD where the market opened and NEVER went down. that would be the only weakness to my version and a mental stop loss comes into play.

Helo I am Imron from Indonesia,

I am thinking of TP 30 and SL 20. And open 10 pairs. Let say from 10 pair, 6 profit and 4 losses we will still get profit. Or even 4 profit and 6 we will still not loss (BEP)
Any one has test this Idea?

i think 10/50 is too risk, i use a similar strategy but 10/30, and i dont wait to open a candle i use stochastic and macd to see the posible next move

Hi Sultan,

you'll still need to spend some time to find the best strategy for yourself, while I can help you get started:
http://forums.forex-strategies-revealed.com/advanced-strategy-the-midnig...

In that thread I've mentioned the strategies you can try out first.

Best regards,
Edward

hi Edward,
my name is Sultan from Bangladesh,i am new in Forex. i read some post in this website and find this is a site where i can get help.as a new comer i can't decide which strategy is suitable for me, please help me out.i am in rush to get some achievement in Forex to build some confidence...some how i made some profit but the losses is too high to overcome it.

i can't find any e-mail address thats why i contact you in this comment box.

Forex is a new idea in our country so i can't find any help from other.me and my friend is trying to know about this on our own.

so i will be so glad if you help me with this.
my e-mail address is [email protected]

hope you will help me...you are doing a great work by helping this people..

my English is too poor hope you won't mind it.

regards
sultan

This is similar to Forex Fredom Formula 3.

ORANGEGHOSt

HI people,
I'm using this system for about one month, I think is good and have good return. The weakpoint is the stoploss. this is what happen to me:
1.Stop loss 30pip = the order is execute and then lower to take the the stop loss.
2.Stop loss 100pip= they activate the order but no enougth to get profit and then lower to take the stoploss.
3.take only 10pip is you loss two time you will loss all you profits.

My advise is buy/sell stop at open price or close price lats candle + 20 or 30 pips. now you can monitor and see profits go more than 10 pips or take stoploss as you monitor, or leave take a profit at 10pips and no stop loss which work better all the time.
if you are fulltime trader you don't need stop loss or take a profit.

Mike

http://codebase.mql4.com/3531

Who has really used this method and how many pips have you gained?

any one of the order will open in the night itself and you dont need to wait for the day to open the order.Thats it.Remember to cancel the other order immediately after opening the order.

sudev

Wait till one order is hit (buy or sell) during the night or int he morning, then cancel the opposite order. It's very unlikely that on daily charts with 30 pips distance from the close no orders are hit.

If I use this strategy for 10 pairs, and which do not open in the night, I must cancel these, it means, these orders, which do not open in the night, must be canceled during the day, or I can wait for opens?

Please somebody, who could help me write me an e-mail: zsolt.nagy(at)forex-investments.co.uk

Use OCO orders if your platform allows to.
OCO (order cancels order) will close an opposite trade if the first one's been triggered.

Thomas

Immediately after the open of candle any one of the order hits quickly and you dont need to wait for long time to get the result , whatever be the result..either profit or loss .

Hi all, this strategy uses STOP BUY and STOP SELL at the same time when the candle open. So we must cancel one of that STOP order after confirming the other order will have profit.

Is It mean that we must stand in front of our monitor all the time monitoring the chart?or just leave it and check the next day and see wether we win or lose?(I trade manually,not using ea).

Appreciate any response from all..thanks.

Regards,
Feri