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I want to share with you 1 good strategy works with major currency.
1. 7.00 am in the morning (GMT +8).
2. Get the Daily Candlestick - High and Low.
3. Set Buy Stop - 3 Pips than Daily High and Sell Stop Daily Low. Set TP 50 pips. SL 25
Risk Ratio 2:1
4. Delete the opposite position when Post Executed.
5. If not Executed - Delete All and
6. repeat Step 1 for tomorow.
Please update me your results.
Is it working for all instruments and products? any testing results before?
It Works on Major Pair.
Back Test within 3 years with 80% success.
When I use a chart with bigger time frame, like H1, H4 or even D1 the kind of strategies used are more easily found, like pivot points, Fibonacci, BB, Donchian Channels. But for smaller time frames like M5 or even M1 it seems to not work well (did I undertand wrong?). What can be taken into consideration to aid a trade / EA that works using M1 or M5?
Hello, i don´t understand GMT +8. What is the time refered at GMT to place the trades? What broker do you work with? Tnaks, very much
Which broker? The strategy can be converted into an E.A very easily (making it right now).
GMT specifications are so confusing, people should be talking about sessions instead :/
Better to google GMT to get an idea about the prevailing time in your region and getting a strategy coded in EA can be a good idea but we better need to back test them on demo before applying them to live.
I don't think that there is one.
In addition, each strategy needed to be updated frequency. There isn't one that is solid, bullet proof, for the long run as much as I familiar with.
I doubt this strategy can work. Do you have any test result for this strategy?
If you have,I want to study it!!give it to me
How do you test 3 years of data? That's a lot of work for something that might or might not work. How do you even come up with that timing? Is it an open of a certain market?
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