Hi All,
I have noticed the below behaviour in EURUSD pair. It may work in other pairs also.
Timeframe - 15 min
Pair - EURUSD
Buy whenever the price moves upward and touches 1.2600, 1.2700, 1.2800 round numbers.
Sell whenever the price moves downward and touches 1.2600, 1.2700, 1.2800 round numbers.
Take profit - 40 Pips
Stoploss - 20 Pips
Eg -
Buy when the price moves upward and touches 1.2600. TP - 40 pips and SL - 20 Pips.
If the prices again moves upward and touches 1.2700 then again buy at 1.2700 with TP - 40 pips and SL - 20 Pips.
If the prices again moves downward and touches 1.2600 then sell at 1.2600 with TP - 40 pips and SL - 20 Pips
Anyone interested can try to backtest and post your reviews. Negative or possitive whatever it may be.
Thanks,
srpips
I have noticed the below behaviour in EURUSD pair. It may work in other pairs also.
Timeframe - 15 min
Pair - EURUSD
Buy whenever the price moves upward and touches 1.2600, 1.2700, 1.2800 round numbers.
Sell whenever the price moves downward and touches 1.2600, 1.2700, 1.2800 round numbers.
Take profit - 40 Pips
Stoploss - 20 Pips
Eg -
Buy when the price moves upward and touches 1.2600. TP - 40 pips and SL - 20 Pips.
If the prices again moves upward and touches 1.2700 then again buy at 1.2700 with TP - 40 pips and SL - 20 Pips.
If the prices again moves downward and touches 1.2600 then sell at 1.2600 with TP - 40 pips and SL - 20 Pips
Anyone interested can try to backtest and post your reviews. Negative or possitive whatever it may be.
Thanks,
srpips