Magic 20!!!!

Agentfx · #1 (**permalink**) 04-19-2009, 01:11 AM

Eur/Usd

TF – 30m

Short - after the 20th bar closes lower than the close of the previous day if the 20th bar is 35 pips below the close of previous day.

Long - after the 20th bar closes higher than the close of the previous day if the 20th bar is 35 pips higher than the close of the previous day.

SL – 35
TP – 75

gsosay · #2 (**permalink**) 04-19-2009, 04:38 AM

if the 20th bar is 35 pips below the close of previous day??

Q: It is only if the 20th bar's close is 35 pips below previous day's close?

Have you tested it?

Agentfx · #3 (**permalink**) 04-19-2009, 05:18 AM

Yes... for a short position that is correct

Quote:

Originally Posted by gsosay

Q: It is only if the 20th bar's close is 35 pips below previous day's close?

Fx Referee · #4 (**permalink**) 04-19-2009, 01:29 PM

Quote:

Originally Posted by Agentfx

Eur/Usd

TF – 30m

Short - after the 20th bar closes lower than the close of the previous day if the 20th bar is 35 pips below the close of previous day.

Long - after the 20th bar closes higher than the close of the previous day if the 20th bar is 35 pips higher than the close of the previous day.

SL – 35
TP – 75

Can you please attach some charts to give more clearance of the system.

Thanks a million.

"IF YOU GIVE A MAN A FISH, HE WILL HAVE A SINGLE MEAL BUT IF YOU TEACH HIM HOW TO FISH HE WILL EAT ALL HIS LIFE"

Agentfx · #5 (**permalink**) 04-19-2009, 07:37 PM

Hi Fx Referee,

Thanks for stopping by here is a chart for ya..

1.gif

prasxz · #6 (**permalink**) 04-20-2009, 12:19 AM

thanks for share your system here, it's all about statistic matters, how long did you test your system and how about the result ?

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Forex Indicators Collection

phoenix · #7 (**permalink**) 04-20-2009, 12:47 AM

why 20th bars? can you please explain? or just some statistic system?

Agentfx · #8 (**permalink**) 04-20-2009, 12:48 AM

Hi parsxz,

Yes agreed. I have had success trading this using "vHands Trade" but for the life of me cannot figure out how to save the results LOL. I am in forward testing mode now and will post some results when I get them. I noticed this system dose not trade as often as most. Maybe that's a good thing.

Quote:

Originally Posted by prasxz

it's all about statistic matters, how long did you test your system and how about the result ?

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Forex Indicators Collection

hb2 · #9 (**permalink**) 04-20-2009, 01:26 AM

I still do not understand the 20th bar, is it on 20th day (bar) on each month?

thx for your explanation

RickW00716 · #10 (**permalink**) 04-21-2009, 02:53 AM

Does your first bar start at 00:00 GMT?
Is there an amount of pips that is too large(far away from yesterdays close) that would negate the trade?

example:the 20th bar is 150 pips above yesterdays close for EUR/USD.