Forex trading strategy #15 (10 pips a Day)
Submitted by User on April 13, 2009 - 13:50.
Submitted by Steve
HELLO TRADERS,
AM NEW TO THIS WEBSITE AND DECIDE TO POST MY PERSONAL SYSTEM.
IT HAS BEEN MAKING ME STEADY PROFIT BUT SOMETIMES WHEN AM LATE IN THE MARKET I DON'T MAKE ANY THING AND THATS WHY AM HERE SO THAT I CAN GET HELP URGENTLY.
THE SYSTEM:
TIME FRAME:DAILY
NO INDICATORS
CURRENCY: ALL
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Hi guys. It looks like this system only works with GBP/JPY.
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
its not a winning strategy
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
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,
Is there any similar EA for this strategy, i've tried it myself... seems to be good.
Regards,
bsm
Hi BSM,
I don't have an EA for the system. If i find it, I'll share.
Regards,
Edward
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
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