Does anybody have a good Trading System or good indicators for trading GBP/JPY very successfully (maybe on M15-M30 charts)? I hope someone to share his secrets
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that pair takes really big balls to trade. I have tried "tried"
I sugest a really big account and small positions too.
I too would be interested in a good system.
Dave
be very very carefull. as you can see on the daily chart the last 25 days are completely sideways.
25 days of bad trades can put a seriuos dent in an account if it don't wipe you out.
s/l needs to be larger than 65 pips. I know cause I have tried to trade this pair and had s/l nailed right befor it went to my target with out me. I have lost probly 150 pips in this pair the last 2 weeks.
I'd wait for it to break this range and make a couple of good waves befor attempting to trade live money on it. And practice on a demo and experiment with s/l too.
But template and system looks good. once it gets out of the range.
dave
yep, that 2 week i get not good signal
but i use this system for almost 3 month, quite good result in the past.
for gbpjpy i try something in demo acount from last 2 week
3 ma for daily and gbpjpy
1ema 8
1sma 16
1ema 55
the ema 55 give the trend, if ema is under, up trend and if on top, trend down
after you find the trend, just check the 8 and 16 ma
buy when fast ma cross up the slow ma when trend up
sell when fast ma cross down the slow ma when trend down
very very simple
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Does anybody have a good Trading System or good indicators for trading GBP/JPY very successfully (maybe on M15-M30 charts)?
I hope someone to share his secrets![](https://c.mql5.com/forextsd/smiles/shades_smile.png)