Forex trading strategy #23 (Trading with Average Daily Range)
Submitted by User on July 7, 2009 - 09:20.
Submitted by Ipun
1- Close out any open position
2- Cancel any unexecuted orders
3- Set an Entry Buy order 1 pip above previous high
4- Set an Entry Sell order 1 pip below previous low
5- Set stops and limits using the following guidelines:
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I believe the second one is left open till the next re-set of orders.
Kind regards,
Edward
Hello All!
Has anyone been trading this strategy consistently? If so, what experience/results have you had with it?
As Neal mentioned, this does seem pretty easy to automate, but I'm not a programmer. If anyone is able to successfully do so, it would be greatly appreciated. Also, I have enclosed an indicator that shows the ADR. Hope it helps! GL! :-)
Hi!
Thanks a lot for this site! Can somebody tell me, if it is possible to get signals from the ATR when using the simple strategy for eur/usd, MACD 12,26,9 and Parabolic Sar? How would this be? I need to recognize strong trends. It would help me a lot. Thanks!
Sorry for my English, I am just s Swiss German and French...:-)
Muriel
Here is ADR indicator to download: ADR_lines_Shinigami_v1.1.mq4
safe simple system can;t make all your pips on this but a great system none the less. I do a similar system at the london open but I'm going to use this one too. Easy money is easy money
Hi Guys, i just came across this tonight. Sounds easy and very logical. Any updates or feedback on those that have used this so far?
just loss 15 pips
I have used this on my demo account for eurusd and gdpusd. made 30 pips each. cool!! going to try this out for one month before using real money. Anyone else started using this method? Do share your thoughts with me via garyyang@ymail.com
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