Hey,
this is something that I've come up with just 10 minutes ago.
The idea is that on G/J the High and Low is almost every time at least 5 pips away from the Open. So if we initiate a buy and sell when the new Candle opens with TP 5 pips each. Chances are very high that it will take out one after another giving you 10 pips. This works best on larger timeframe candels and pairs with good volatility.
Even if you look at a doji on the Daily Chart the H and L are 15 pips away from the Open.
Could somebody get this into and EA?
If we use 4H Candles we should get 50 Pips with little risk.
24h/4h = 5
5*(5pips Long + 5pips short) = 50 a day or 1000 Pips a month.
this is something that I've come up with just 10 minutes ago.
The idea is that on G/J the High and Low is almost every time at least 5 pips away from the Open. So if we initiate a buy and sell when the new Candle opens with TP 5 pips each. Chances are very high that it will take out one after another giving you 10 pips. This works best on larger timeframe candels and pairs with good volatility.
Even if you look at a doji on the Daily Chart the H and L are 15 pips away from the Open.
Could somebody get this into and EA?
If we use 4H Candles we should get 50 Pips with little risk.
24h/4h = 5
5*(5pips Long + 5pips short) = 50 a day or 1000 Pips a month.