Forex trading strategy #15 (10 pips a Day)

I think its better you to prepare an EA for this strategy so that you can check it on various times and TP and SL levels. I dont know wheher any Ea is available for this strategy, however you can prepare one. Check the following site: www.forex-experts.com where you can send this strategy for preparing an EA ( custom programming )

Regards,
sudev

Hi Sudev,

I've also checked the entering this strategy at anytime and it also gives out similar result. for example if i startup lets say 4GMT or 8GMT or 14GMT any time frame for that matter and use this strategy, it gives out the same result. i think this is a good strategy to follow for a start and does not gives much false entries.

Let me know if you have tried the once i've suggested.

bsm

Spread is not inluded in the TP .So if the spread is 6 pips at the time of opening the posiion ,the pair must move 16 pips in your way to close the position successfully.

Cheers,
sudev

Hi,

I'm just curious the TP for this strategy, does it include the spread.

for example when a pair is triggered it would start of with -2 or -4 so your TP is 10pips meaning your actual TP is 10pips minus 2 right?

bsm

Hi BSM,
I don't have an EA for the system. If i find it, I'll share.

Regards,
Edward

Hi Edward,

Is there any similar EA for this strategy, i've tried it myself... seems to be good.

Regards,
bsm

Hi Gilbert,

I'm open to all comments, it would be strange if I filter them based on my opinion or own criteria. However, I admit that some suggestions/opinions aren't that good. Well, that's why we have this discussion open - traders can disprove the statements and add own arguments.
Thank you for your feedback,
and happy trading!

Edward

Hi Edward,
Its a good site and every space in this site ,of course,valuable.My request is that not to publish scrap ideas just like those submitted by gopal .Even a newby in the forex market know very well that placing 10 or 15 orders for different pairs at the same time by using 30 TP and 15 SL is not effective in an ever fluctuating and highly spreaded forex market(by using steve's strategy).I've already tested Steve's strategy for different pairs simultaneously with 10 TP and 15 SL by using an EA and the result was not so promising.30 TP with 15 SL is not recommendable.

Regards,
Gilbert

its not a winning strategy

Hi Steve and all traders,

First Thanks to All. I am gopal from India. I really appreciate for all. am also analysis about this strategy . I submit my report soon. am preparing EA for this strategy also.

First, this strategy have problem with stop loss right?

Please try in demo account:

Open 10 to 15 pairs at same time
(I mean - IMMEDIATELY AFTER THE OPEN OF A NEW CANDLE STICK FOR A NEW DAY )
( Just do it manually - coming soon EA )

15 Pips Stop Loss

30 Pips Take Profit

Lot Size : 0.05

I will release this strategy EA with in 7 Days.

Regards,
gopal
gkforex.co.in

Hi guys. It looks like this system only works with GBP/JPY.

Hello Guys, I'm no expert but how about setting a buy order 30pips from the open price with a stop loss using the previous days low and target the previous days high as your profit target? And vice versa for the sell..

You can start anywhere, from any topic.
I'd open a demo account with any Forex broker, and take a first look at charts. As questions pop up in your head as to how to trade it, what to look for - search it online. Bit-by-bit you'll be gaining the knowledge that will help you to navigate though tons of forex information with ease after few weeks.
Bryan

Good strategy, what most of you don't realise is that there are days you will make double profit which will in turn make up for the loss. I do 20 target profit and 40 stop loss

hI EVERYONE MY NAME IS SAM AND I'M LEARNING HOW TO FOREX, ITS EXCITING. I REALLY NEED SOM TRADING ADVICE OR TIPS HOW TO START.

THANKS
SAM