DislikedHere is the system rules that I have used for the past few weeks.
Buy when a candle close above the last down bar in a downtrend
Sell when a candle close below the last up bar in an uptrend
Take profit when you have earned a few pips or when you get a signal to make an order in the opposite direction.
I have tested the system on EUR/USD 15 minute charts and it worked well. If the market is moving much up and down I recommend that you use a 5 minute chart instead
Below are some of the recent trades you could have made if you used this system.Ignored
- | Joined Mar 2007 | Status: Member | 756 Posts
If slaughterhouses had glass walls, everyone would be a vegetarian!
- | Joined Mar 2007 | Status: Member | 756 Posts
If slaughterhouses had glass walls, everyone would be a vegetarian!
- | Joined Mar 2007 | Status: Member | 756 Posts
If slaughterhouses had glass walls, everyone would be a vegetarian!
- | Joined Mar 2007 | Status: Member | 756 Posts
If slaughterhouses had glass walls, everyone would be a vegetarian!
- | Joined Mar 2007 | Status: Member | 756 Posts
If slaughterhouses had glass walls, everyone would be a vegetarian!