Quote:
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Originally Posted by fxd01
Hello FerruFX,
The setup looks great. Can you please elaborate on the following?
"5. At 00:00 GMT, if the previous trade were close at 23:59 GMT, open an opposite position."
Did you mean that you will open a new position regardless of the current trend? For example, yesterday (23:59 GMT), a LONG trade was closed in profit before by 23:59 GMT. Today (after 00:00GMT), the trend is still showing strong UP trend. Do you still open a SHORT trade (as quoted above)?
Please clarify.
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Example 1:
At 23:59 GMT i look at the trend. If it show "UP" and the opened position is a BUY, i don't close. At 00:00 GMT, i don't open a new BUY position (regards of the "UP" trend) because we have already a BUY opened.
Example 2:
At 23:59 GMT i look at the trend. If it show "UP" and the opened position is a SELL, i close. At 00:00 GMT, i open a BUY position (regards of the "UP" trend).