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
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
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
The Hello Lo ind for the Asian session
PS.. on the display screen pictures of the trades trade 2 prime proper ought to learn exit not eneter ….