Hi I have very easy profitable forex strategy. I tested that on USDJPY USDCAD and GBPJPY. but it should works on all pairs.
Every day from 8 00 to 11 15 i take max price and min price . my width is max - min
if price reaches max i will open buy position : so my open price is max, my TP is max + width, my SL is min, volume is 1
if price reaches min i will open sell position : so my open price is min, my TP is min - width, my SL is max, volume is 1
for example if im in sell position and price doesnt reach TP (min - width) and goes up and reachs max again that means close first sell position with volume 1 because price reaches SL(max) and at the same time i will open new buy position same as i mentioned above but volume is 2
for example if im in buy position and price doesnt reach TP (max + width) and goes down and reachs min again that means close first buy position with volume 1 because price reaches SL (min) and at the same time i will open new sell position same as i mentioned above but volume is 2
this strategy must have 7 volumes : for example vol_a =0.01, vol_b = 0.3.... vol_g=2.8
FOR EXAMPLE when i start to use this strategy on monday. from 8 00 to 11 15, my min is 1,30000 and my max is 1,40000 so my width is 0,1 what is 1000pips. at 1PM price is 1,35000, so now i have to wait for my min or for my max. when the price is 1,4000 i open the buy trade, TP is 1,50000 (max + width),SL is min. with vol_a. at 2PM price reaches SL so i open new sell trade TP = 1,20000 SL = max, with vol_b. at 6PM price reaches 1,20000, it reaches TP, im happy i earned money. im waiting for next day.
sometimes when i open a trade, im waiting 3-4-5 days for my TP. and my final volume is for example vol_e. but it always reaches TP(it doesnt matter if it is sell or buy trade), i just have to wait.
it is tuesday: MIN = 1,40000 MAX = 1,50000, i will open buy trade but for all day price doesnt reaches TP.
it is wednesday: i have new MIN and new MAX but i have still open a trade from tuesday NOW IS MY PROBLEM. I must continue with a tuesday trade with old max and min AND i must open a new trade for wednesday with max and min from wednesday.
CAN ANYONE WRITE IT AS EA???
bear in mind one day you will blow your account
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