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Nothing new about this strategy. It is however, very simple
Is there such an expert advisor that exists that I can test the Boomerang strategy devised by Ed Ponzi? Its an extremely easy 15pips.
Essentially it goes like this and it takes advantage of very slow time 1700 EST or 9am NZ time. Banks are squaring up trades and there is very rarely any breaks in one particular direction. I reckon it could be extremely easy to create for those in the know.
Boomerang Strategy Ed Ponsi
Background to this trade:
This Trade is for the EUR/USD the strategy can only be used on this pair.
The target is 15 pips.
Take the trade at 1700 FST = 9:00am NZ time
If there is no trade execution within 2 hrs cancel the trade, do not stay in the trade longer tan 2 hrs.
Step 1
Look at the opening price at 17:00 EST or 9:00am NZ time
Step 2
Use a market order to place a short trade 15 pips above the opening price and a long trade at 15 pips below the opening price.
Step 3
Place a Long S/L 15 pips below your entry order and a the Short S/L 15 pips above your entry.
Step 4
If a buy order is executed cancel the short order and visa versa if the short order is executed first.
Step 5
If the orders are not executed or achieved after 2 hours - GET OUT
Hey everyone,
Can anyone do me a favour and program these indicators for me it wud really help in my trading
1.An indicator that should draw arrows on charts for awesome oscillator and accelerator oscillator i.e when they change color.
if there can be an alert sound it would be great.
it should show the current trend direction on the top right corner of the chart
if only one oscillator's value is increasing the trend should be shown as weak and if both oscillator's are increasing it should show it as strong.
i hope it will b easy to program.
Also another indicator if one can program it sounds difficult.
2.An indicator that shows the accelerator oscillator's value at the opening of a new candle with a histogram of increase or decrease value (difference)at bar close.
Dear Trader,
I have got very good conclusion of trading forex that trading is ranging or trending.
In both above situation we have to win.
So I decided to band trading in 10pips.
I do loop trading with 10pips band without SL with 200 limit.
Means If I buy one pair at 1.6000 with limit 1.6200, I put 10pips below at 1.5990 2 sell entry order with limit 1.5790.
If price going down and sell order triggered, I place 10pips above two buy entry order at 1.6000 with limit 1.6200.
I repeat it upto price is ranging in 1.6000 to 1.5990 band.
once price going in any direction; let us say in up direction at 1.6020 I again buy 1 lot with limit 1.6220. and also put two sell entry order 10pips below at 1.6010 with limit 1.5810.( this is 1.6120 to 1.6010 band)
I repeat it upto price is ranging in 1.6020 to 1.6010 band
Wise versa if direction is going down at 1.5980 I buy 1 lot with limit 1.6180 and put 2 sell entry order 10pips below at 1.5970 with limit 1.5770.(this is 1.5980to 1.5970 band)
I repeat it upto price is ranging in 1.5980 to 1.5970band
For all 10pips band there is gap of 10pips. so we have 10 bands in 200 pips.
I have seen with live trading that price never ranging more than 20pips between 10pips. means whatever less ranging of 20 times is profit for us at limit of every band.
But it is a continuous process will never end.
so once u put EA just u have 10 times 10pips loss money and 10 lots margin money in ur account and ur account will enrich with time.
But as I have to pay spread in 10 pips I want to maximise 10 pips to 20/30/40/50pips with limit of 400/600/800/1000pips. so spread will be small in compare to trade profit.
But for maximising the profit I want to run EA back test on different time frame, different pips band and different limit with few lower spread pairs.
Please send ur suggestion and make an EA for this system. I will maximise yield with different setting. Also give you live demo with EA.
Dear Trader,
I have got very good conclusion of trading forex that trading is ranging or trending....................................
Thanks in advance for EA programmer.
Regards,
Pankaj Patel[/color]
visual charts require for better understanding.... post some charts
anybody here can help me create one EA work base on pivot point....if candle go down leading every 50pips below pivot point EA will set pending order buy stop automaticly with TP=10pips...and if candle start go up cross pivot point untill leading every 50pips EA will set pending order sell stop with TP=10pips...anybody here programmer hopefully can help me to write coding...urgent!!!
anybody here can help me create one EA work base on pivot point....if candle go down leading every 50pips below pivot point EA will set pending order buy stop automaticly with TP=10pips...and if candle start go up cross pivot point untill leading every 50pips EA will set pending order sell stop with TP=10pips...anybody here programmer hopefully can help me to write coding...urgent!!!
post some charts mark on Success setups, and Fail setups