Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
2. Enter Buy/Sell order upon Sunday or Monday open at 2400 GMT. Order should be consistent with previous days trend (i.e; Previous day up, Place "Buy" market order, Previous day down, enter "Sell" market order at open)
2. Place opposite side trade 40 PIPS aways from initial market order (i.e.; if initial order was a Buy Place immediate Sell side order 40 PIP away from initial market entry)
3. If same trend for three consecutive days, place next days open order opposite of previous three days trend. i.e; If Monday, Tuesday and Wednesday were up days, Thursday would be a Sell order.
4. Use 40 PIP stops on all orders.
5. Close between 2300 and 2400.
6. Repeat trade rules at 2400 GMT.
No straddling the price entry. Enter market immediately with 40 PIP reversal companion order...
EA is coded by SKYLINE and is not my own.
User settings usage :
GMT_Shift = Your broker shift related to GMT time zone (if it's GMT+3 then put 3 , if GMT-1 then put -1)
TakeProfit = Take profit in pips when EA will close current order
StopLoss = Stop loss in pips when EA will close current order
HourToCloseOrders = Hour when EA will close ALL positions
SundayCandleExists = Flag to let the EA to don't take care about Sunday Candle. If your broker get the Sunday candle put true elsewhere put false
Lots = Number of fixed contracts (used only if UseMoneyManagement = false)
UseMoneyManagement = Flag to let the EA to use money management routine with Risk value per trade
Risk = Risk per trade allowed (used only if UseMoneyManagement = true)
Slippage = Max slippage allowed in pips
MaxLossesTradesPerDay = Max losses trades allowed in a day per single pair (Setting to 2 , if EA will hit 2 consecutive losses in a day then will stop to trade until new day start even if HourToCloseOrders is not reached)
Note :
The EA will also handle automatically the MagicNumber generation so that you can put it with multiple pairs or multiple EA within the same account without any interference
This is a fabulous system. I've taken it and adapted it to my style of trading and over the last two weeks I'm up 205 pips on the Cable. Over the last 4 weeks I'm up 406 pips - and so on.
I've adapted it in a slightly different way in that I take my profits at around 8am - or just before. I have a 40 pip stop-loss, 100 pip target (though this is rarely hit in overnight trading) and I don't trade on Non-Farm Payroll day (too whippy). I don't get the huge profits that are available, but then again I don't get stopped out as much and take a consistent but smaller profit.
i think it still need a lot off research, but quite promising
do you already try to do some backtest
if yes then i hope you post the result soon
at what pairs u use this system, seem at volatil pairs only like gbp/jpy and gbb/chf
how you define the optimum tp and sl for this system for each pairs
about the rule, entry that opposite with the trend an after 3 consecutif same candle. is it wise?based on what back testing or else
as i know for currency pairs especially gbp/jpy usually the trend will last from 2 till more than 5 day
From a short visual backtesting, it looks promising to me.
I will look into it further next week.
I am using Northfinance who work at GMT+2. Since this is a daily plan, I don't think this GMT+2 instead of your GMT will make much difference, right?
Part Time Wealth Builder - Daily Scalping
Linear Mode
