100 x 80 EA oh boy

In one other thread I talked about vary buying and selling. As a substitute of particular entrance and exit factors you commerce inside a variety of a foreign money's transfer. So if worth stays inside a sure vary for the day, you cant lose cash that day. You possibly can have dropping trades however not lose cash. This EA has a variety of 800 pips, so long as worth doesn't go exterior of 800 pips in in the future you're protected. I've finished a research of currencies and only a few currencies transcend a 800 pips in in the future. We don't use the Eur/Aud, Gbp/jpy, Gbp/nzd, Gbp,chf for that cause. There are some exotics I'd not use like mexican, kron, and so on. I've 12 which are within the zip file and able to go. The EA trades pennies and I've solely connected a non adjustable EA. They're set a .01 per lot. In case you are with a micro that trades pennies thats 1 cents per commerce, with common and mini accouts thats .10 a commerce. I used IBFX to check this with.

The logic could be very easy if worth strikes 100 pips in any course it takes revenue, it reenters each 80 pips. As worth strikes in a single course it earnings each 100 and reenters the other way each 80 pips and multiplies instances 2. So the 10 ranges will go one thing like this:
.01,.02,.04,.08,.16,.32,.64,1.28,2.56,5.18

When worth reverses it takes revenue from the commerce going the other way. The philosophy could be very easy. Day by day has a excessive and a low. When worth heads for its excessive/low for the day we take revenue going up/down. When worth reverses and heads for its low/excessive for the day we revenue going again. As worth does that the margin deficit goes down and the distinction between it and our captured revenue is our revenue for the day. When that occurs you shut every thing and begin once more the following day. I like to recommend you begin at 0 or 1 GMT or across the JPY open and start searching for your revenue on the center of the Eur session or starting of the USA session 10-18 GMT time. We shut down our EA and all trades day by day to forestall worth from sneaking over our 800 pip vary. WE by no means maintain trades over the weekend. Use a demo account with no less than 5000 and try it out. You probably have an account that makes use of ten cent tons you'll in all probability want to check with no less than 10,000. I'll connect the zip bundle this submit and inform the place to place them the following submit.

Additionally extra information on how this technique works is discovered at posts 1-4, submit #72 the MQ4 is discovered there.
Put up #74 pg. 5 provides the philisophical workings of the system and submit #79 provides a pictorial view of how the system works.
Web page 9 submit#125 provides my 7 12 months foreign money information sheet.

Put up #192 provides some private ideas about buying and selling
Put up #267 P. 18 provides the chances of breaking 800 pips in in the future
Put up #306 P. 21 provides methods to change the account safety settings within the code.
Put up # 521 & 522 on p. 35 have an necessary new device for figuring out which currencies to make use of.
Crucial new info see web page37 posts 541-549
Put up #591 Has a brand new indicator that possibly useful to make use of with this technique.