moondawnradiance
Junior Member
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- 63
- Joined
- Jun 10, 2008
- Messages
- 63
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'Go With The Flow' Strategy
At any open candle, 'SELL' with TP 20 pips and SL 20 pips, set 'pending order' 'BUY STOP' 20 pips above the open candle with TP 20 pips and SL 20 pips.
1) If the 'SELL' TP hit, close the 'pending order'.
2) If the 'SELL' SL hit, the 'pending order' will triggered, wait for it to end (either it hits the TP or SL)
(It doesn’t have to finish by one candle, it might involve more than one candle).
*If either 1) or 2) done, wait for a new candle to open, then continue from the beginning (infinite).
*You can also start with 'BUY' (vice versa).
Pair: I think it will work on GBPUSD or any pair with small spread and less active, bad idea for GBPJPY!
TF: Off course H1
*SELL/BUY (or you can make two EA for SELL and BUY), Lot, TP, SL = Must be adjustable
Forex Trading are for those who want freedom, this is the answer, no more wait!!!
At any open candle, 'SELL' with TP 20 pips and SL 20 pips, set 'pending order' 'BUY STOP' 20 pips above the open candle with TP 20 pips and SL 20 pips.
1) If the 'SELL' TP hit, close the 'pending order'.
2) If the 'SELL' SL hit, the 'pending order' will triggered, wait for it to end (either it hits the TP or SL)
(It doesn’t have to finish by one candle, it might involve more than one candle).
*If either 1) or 2) done, wait for a new candle to open, then continue from the beginning (infinite).
*You can also start with 'BUY' (vice versa).
Pair: I think it will work on GBPUSD or any pair with small spread and less active, bad idea for GBPJPY!
TF: Off course H1
*SELL/BUY (or you can make two EA for SELL and BUY), Lot, TP, SL = Must be adjustable
Forex Trading are for those who want freedom, this is the answer, no more wait!!!
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