I'm trying to develop buy stop/sell stop entry method base on D1 or H4 TF. Basically set and forget for the day.
I could have found something. Last 3 weeks, total 9 trade. 1 loss, 1 break even, 1 still open, the other 6 in profit. Total about 200 - 300 pips.
Any feedback (+ or -) are welcome
Basically follow the W1 Stoch and/or JMA direction. Enter buy stop/sell stop when a opposite daily candle is formed. eg. during up trend and a bearish daily candle is formed. enter buy stop some pips above the high and stop loss some pips below the low. Another way is to enter base on H4 Stoch.
I could have found something. Last 3 weeks, total 9 trade. 1 loss, 1 break even, 1 still open, the other 6 in profit. Total about 200 - 300 pips.
Any feedback (+ or -) are welcome
Basically follow the W1 Stoch and/or JMA direction. Enter buy stop/sell stop when a opposite daily candle is formed. eg. during up trend and a bearish daily candle is formed. enter buy stop some pips above the high and stop loss some pips below the low. Another way is to enter base on H4 Stoch.