Good evening,
a strategy based around the 30 min chart with no inicators. A trade will be taken every 30 mins and will only be closed via TP or SL.
Trade eur/usd as you will have multilevel trades through the day so a low spread is key
first candle can be what time you decide but best to wait for some movment and direction so normally first 30 min candle will be 07:00gmt when things start moving. This candle will give you the basis of where the first entry will be.
First trade will be taken which is the break of either the high or the low of the previous candle. SL is opposite end of the previous candle or 15 pips max if the previous was a large candle. TP is 10 pips.
Next 30 min candle: repeat process. Leave any previous trades open to either hit tp or sl. You will have mutiple trades running at one time but will be moving with trend each time a trade is opened.
I'm hoping someone could create an EA as I'm sure it's very mechanical and straight forward to code.
Reagrds
Rump.
Next 30 min
a strategy based around the 30 min chart with no inicators. A trade will be taken every 30 mins and will only be closed via TP or SL.
Trade eur/usd as you will have multilevel trades through the day so a low spread is key
first candle can be what time you decide but best to wait for some movment and direction so normally first 30 min candle will be 07:00gmt when things start moving. This candle will give you the basis of where the first entry will be.
First trade will be taken which is the break of either the high or the low of the previous candle. SL is opposite end of the previous candle or 15 pips max if the previous was a large candle. TP is 10 pips.
Next 30 min candle: repeat process. Leave any previous trades open to either hit tp or sl. You will have mutiple trades running at one time but will be moving with trend each time a trade is opened.
I'm hoping someone could create an EA as I'm sure it's very mechanical and straight forward to code.
Reagrds
Rump.
Next 30 min