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Old 08-20-2008, 03:28 PM
aelimian aelimian is online now
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Quote:
Originally Posted by Geldz View Post
Hello.

Wanna share my trading forex strategy.

Trading pair: EURJPY.
Charting: EURJPY EURUSD USDJPY.
TF: Any (i use 1M).
MM: I use 1/25 from deposit for 1 order.
TP: fixed.
SL: not used.
Profitable: 30-50% per 24H.

I will try to explain how to detect entry for long and short positions:

First of all make 3 charts with RPoint (Swing_Point) indicator (u can find it on MQL4 database collection): EURJPY EURUSD USDJPY.

Entry for short position with detection of TP:
Waiting for moment, when new HIGH will be less than prev. HIGH on all 3 charts.

Entry for long position with TP:
Waiting when new LOW will be larger than prev. LOW on all 3 charts..

If TP-target was not reached, no problem, hold this order open.

P.S. Sorry for my Eng.
P.P.S. Pictures included in *.rar file..

Have any questions? - Ask me.. I will try to explain u better, if u need.
If I understand you completely, you wait for the conditions to occur on all three charts and place order only on EURJPY?
How do you determine the TP?
Thanks
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