1 trade a day forex trading
This isn’t my concept however ,it took my fancy as I needed an indicator used on it however the precept is sound
Take the hello low of the Asian session,I’ll embody a indicator that does this routinely.
As the following market to open is London we wish to watch any GBP spots
I’ve set this up on
gbpusd
gbpaud
gbpjpy
gbpcad
gbpchf
gbptry
We set a purchase 10 pips above the excessive and a promote 10 pips under the low
As soon as triggered we keep in till 1 of 3 standards is met
Our Cease is hit
Our Goal is hit
The shut of the day with out our SL or TP being hit.
An instance of 2 trades are proven under
Just a few notes
No indicators are used to asses pattern OB OS and so forth and so forth
That is 100% mechanical
We trade simply as soon as a day per spot
Can be utilized with an EA
The purple horizontal strains are routinely drawn
Arrange your fib instrument with simply 0.00,50%100% after the numerical determine within the properties add %$ after the determine to get the worth on the fib strains
If a lengthy is triggered place your 0.00 on the low and transfer the instrument to get the 50% line on the excessive.The 100% line will provide you with your TP the 0.00 line will provide you with your SL
Essential
My life is altering each day some occasions I feel I can day trade with the time i’ve different occasions my private state of affairs adjustments and I can’t regulary get to my PC therefore my latest fairly interval
That is a min time enter system with out the necessity to monitor on a common foundation as soon as in.
I’ve no stats and so forth and so forth so please no questions concerning that
I managed to trade simply 2 on the 6 GBP spots out there to me as thats all I had arrange for final week given my time and the very fact Ive solely began taking a look at this.That is a business product this isn’t my concept however I just like the princple.
If individuals wish to use a totally different fib degree for the tP or a totally different cease be at liberty.Lets throw all concepts into the pot however I dont need a muddle of indicators.
y outcomes for final week on my 2 spots
GBPUSD +125+97+68+118-82 (+327)
GBPAUD +143+4+116-145+114 ((+232)
Complete achieve + 559 pips
I’ve included
The Hello Lo ind for the Asian session
My template
PS.. on the display screen pictures of the trades trade 2 prime proper ought to learn exit not eneter ….
