Hey there,
here's another attempt to somehow make some money. It's nothing fancy, it's not shiny and it will probably fail in the long run but I'm going to give it a try (again).
It's just grid trading, to be more precise it's called carry grid trading, using the pair AUD/JPY only in the long direction with many tiny stop buy orders above the current price in a distance with 20 pips and a tp of 25 pips and no stop at all. This can and will work for quite a while without maintenance at all but obviously from time to time the "danglers" have to be removed/closed. Order size would be 100 units for a $1k account.
The nice thing about: You earn interest with your open positions and you reload the grid for every move down in that pair. As most pairs tend to range quite a lot this is quite a nice way to collect additional pips.
Cheers!
here's another attempt to somehow make some money. It's nothing fancy, it's not shiny and it will probably fail in the long run but I'm going to give it a try (again).
It's just grid trading, to be more precise it's called carry grid trading, using the pair AUD/JPY only in the long direction with many tiny stop buy orders above the current price in a distance with 20 pips and a tp of 25 pips and no stop at all. This can and will work for quite a while without maintenance at all but obviously from time to time the "danglers" have to be removed/closed. Order size would be 100 units for a $1k account.
The nice thing about: You earn interest with your open positions and you reload the grid for every move down in that pair. As most pairs tend to range quite a lot this is quite a nice way to collect additional pips.
Cheers!