Buy above high sell below low.
Stop loss and take profit - up for you
I'm not sure what you are trying to do with this thread but... What you are saying can be quite readily programmed into an EA so that you may want to look into that for testing purposes.Originally Posted by ;
The threat is just because of my entretenimiento.Originally Posted by ;
I hear that you can earn money just using this simple idea .
Place a buy stop over place sell stop below reduced risk 500 per lot or 15% of funds or loe your very best exit stoploss tp idea.
my trick to the notion is to use the first 15 m available range bar to input prior to the prior day high low price is attained .
I discovered an indior to show the initial 15 bar open high low but it doesn't work.
https://www.forexsoutheast.asia/atta...1882724599.ex4
https://www.forexsoutheast.asia/atta...1914717090.mq4
Here is a small tip for you, Price always returns to the expression, mostly which will be represented by the 20 SMAOriginally Posted by ;
Watch for a closed to the Daily that is above the prior day's High when under the 20 SMA or
a Close to the Daily that is below the prior day's Low when above the 20 SMA
Most frequently that will give some pips if you're able to read basic Price Action
In the event of price above the 20 SMA, see for a Close above the previous 2 day's Highs to re-join a trend or
under the 20 SMA, watch for a Close under the previous 2 day's Lows to re-join a trend
How long can you maintain a trade? As you say, stop loss and take profit - up to you
Remember: await the Close, very important, don't have FOMO - Stress Of Missing Out
good tip.Thank you .Originally Posted by ;
I believe that buying above only 1 close above previous day's thigh/low mwill get you back in the fashion at the right time instea of awaiting two preceding bar high/low
There are really only two options. .
The price will bounce or break out of the yesterdays high/low.
However even without looking at charts, in the event the price today at any given moment is greater than yesterdays maximum price. Doesn`t that inform you allot about power weakness ?
However, in an ever-changing global market, one would have to use countermeasures in order to account for variations of what PA can be/do following your,Buy above yesterday['s] sell below yesterday['s] low. Which countermeasures do you use?
Read my article again, the close above 2 days highs applies if the price is ABOVE the 20 SMA and trying to re-join the up trendOriginally Posted by ;
Along with the contrary for the short trade below the 20 SMA
Your example reveal the first instance or reversal trade entry since I stated:
When price is below the 20 SMA, along with the Close is over the High, enter a commerce
As well as the reverse for the short trade over the 20 SMA
However, You may use any method in your discretion