Advanced system #14 (Simple trading with Daily range)
Submitted by User on March 6, 2009 - 07:22.
Submitted by Stuart (BE)
This method is basically to do with what a pair moved like the previous 24 hour period.
In this, I will use the GBPJPY, but one could use it on any pair.
Method/Strategy:
You choose your own 24 hour period move - here as an example I will be using 21:00 to 21:00 GMT+1 (my local time).
Mark the High, Low and Close for selected 24 hours.
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This can add much help in not setting on the computor all the time. Did I get this right. Your system is to set long and short orders at the same time? Please hurry with the answer. I'm anxious for a break with happy results.
I enjoy this site
and Thank you Stuart
Wayne
Thanks for submitting this interesting system Stuart. Since I can't watch the markets consistently, I'm looking for a system that you can basically set and forget. This might work out well in that regard. I plan to demo it to see what results I achieve. I did want to point out something that I noticed when I downloaded your accompanying spread sheet. The formulas that generate both the long entry and short entry are correct only on the example that you included (first line of cells). On the cells that follow, there is a different formula that doesn't match the methodology that you listed above. I noticed the discrepancy when some of my manual calculations didn't match the values being generated by the spread sheet. Just an oversight, I'm sure, but I thought I'd point it out for those who might not catch it. Again, thanks for the system.
Good Trading,
synalon
thanks.... amazing...
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