- mensis Iunii 2, 2013
- Missae by: Praenomen to Team
- Categoria: Free Forex EA
DRAW a field connecting the excessive of the primary 4hr candle(00:00) of the week with the low together with a buffer of 20 pips on both sides.
The week begins on the open of the Australian session.
If I had a penny for each time somebody has requested which candle it's..i would not have to commerce foreign exchange to generate profits. For the subsequent individual who's going to ask, comply with these directions.
Obtain an FXDD suggestum. Press Ctrl+y on a 4hr chart. Strains will magically pop up and firstly of each week the primary 4hr candle ought to type on the road. That is the candle you employ for the Excessive and Low.Field Forming Occasions:
GMT- 21:00 to 01:00
EDT - 17:00 to 21:00
FXDD time - 00:00 to 04:00Use Time zone conversion to seek out out your particular time.DO NOT ask when the bar varieties and when it closes as its been answered MULTIPLE occasions. I submit each week when the bar closes. In case you're not prepared to undergo the thread or wait one week for my publish on when the bar closes than this technique is not for you.
I am sorry, nevertheless it's simply gotten to some extent the place individuals ask each time.
Some brokers start working an hour earlier then FXDD or later. When you first 4Hr bar closes at 00:00 GMT, then that is not the correct candle. One of the best factor to do is to obtain an FXDD demo platform and use that as reference.
Guidelines:
- Add a buffer of 10-20 pips on every finish of candle
- Purchase on higher break of weekly field (together with buffer+unfold)
- Promote on decrease break of weekly field (together with buffer)
SL - different aspect of Field
TP1 - 1x field measurement
TP2 - 2x field measurement
TP3 - 3x field measurement
TP4 - 4x field measurement
This technique works on many JPY pairs.
GBP/JPY
EUR/JPY
AUD/JPY
CHF/JPY
CAD/JPY
**GBP/JPY is one of the best pair.
May fit on different pairs, testing is required nevertheless.
I like to make use of 3x-4x field measurement as TP.
I take do not income at 1x measurement of field as a result of bigger reward is vital.
I transfer cease to BE after 1x has been hit.
Danger Administration (to seek out out your place measurement)
(Account Stability * Danger %)/Stoploss = mini lot measurement
Beneficia
- 30 minutes every week
- no worrying about charts full of indicators
- greater reward than danger on EACH commerce
- straightforward to again check
Necessary:
Chance
Q&A (because of fxann)
Indicators under, because of fx2248 on your assist.
Suggestions can be nice from all you FX specialists and GOOD LUCK!
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