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you'll get around 500pips a month if you never get LOSS with this strategy, but nobody can avoid LOSS in forex trading, so 100 consistent pips a month for a simple toys is enough for me as a newbie
yup, 100 pips a month can make anyone rich
Pablo, what about maximum drawdown until now? How many consecutive losses did you have in a row?
And what MT platform do you use (and end of day time) as 1/2 pips can make a big difference...
yup, 100 pips a month can make anyone rich
Pablo, what about maximum drawdown until now? How many consecutive losses did you have in a row?
And what MT platform do you use (and end of day time) as 1/2 pips can make a big difference...yellow, you can see my trading result with this toys in my result page, I have do this since november 2006 and have trading with since december 2006.
BTW my name is not pablo, it,s Paijo
just use 3 or 4 pip spread platform and you can trade with this toys.
FRIDAY 30 MAR 2007
SELL STOP GBP/USD at(A)1.9608
take profit 1.9588
stoploss 1.9638
CLOSE PROFIT +20 pips at
7:30 am GMT
Hi paijolopez!
Can you explain me a thing: what must be upper or lower EMA34 on 1H G/U to decide if sell or buy?
Thanks......
Hi paijolopez!
Can you explain me a thing: what must be upper or lower EMA34 on 1H G/U to decide if sell or buy?
Thanks......we now use GBP FILTER rather than EMA 34, because it have more fluid movement and usefull to avoid false signal. the rules it's still simple, BUY above and SELL bellow . here the explanation
we now use GBP FILTER rather than EMA 34, because it have more fluid movement and usefull to avoid false signal. the rules it's still simple, BUY above and SELL bellow . here the explanation
I just see it, but i don't understand WHAT (close last bar before London open, open day.....
) must be above or below at GBP filter......
![](https://c.mql5.com/forextsd/smiles/confused_smile.png)
I just see it, but i don't understand WHAT (close last bar before London open, open day.....
Look at the pair position at the beginning of London market (we use 6:00 am GMT as starting point and will end at 5:00 pm GMT) ,when it above the GBP filter I'll take Long and when it bellow I just take a short.
Look at the pair position at the beginning of London market (we use 6:00 am GMT as starting point and will end at 5:00 pm GMT) ,when it above the GBP filter I'll take Long and when it bellow I just take a short.
OK! Now is all clear................ If 05.00 GMT close bar is below -> sell if above buy..... on 1H chart
Thanks!
Don't forget to adjust your trading time to ours at daily20pip main page to avoid mistaken cause by DST (day saving time) effect,
Forex Signal Generator March 2007 result
1 MAR 2007 BUY STOP PROFIT 20 pip
2 MAR 2007 SELL STOP PROFIT 20 pip
5 MAR 2007 ORDER NOT TOUCHED 0 pip
6 MAR 2007 SELL STOP LOSS 30 pip
7 MAR 2007 BUY STOP PROFIT 20 pip
8 MAR 2007 BUY STOP LOSS 30 pip
9 MAR 2007 SELL STOP LOSS 30 pip
12 MAR 2007 ORDER NOT TOUCHED 0 pip
13 MAR 2007 SELL STOP PROFIT 20 pip
14 MAR 2007 SELL STOP PROFIT 20 pip
15 MAR 2007 BUY STOP PROFIT 20 pip
16 MAR 2007 BUY STOP PROFIT 20 pip
20 MAR 2007 BUY STOP PROFIT 20 pip
21 MAR 2007 BUY STOP PROFIT 20 pip
22 MAR 2007 BUY STOP PROFIT 20 pip
23 MAR 2007 SELL STOP PROFIT 20 pip
26 MAR 2007 SELL STOP PROFIT 20 pip
27 MAR 2007 BUY STOP LOSS 30 pip
28 MAR 2007 SELL STOP PROFIT 20 pip
29 MAR 2007 ORDER NOT TOUCHED 0 pip
30 MAR 2007 SELL STOP PROFIT 20 pip
WIN 14
LOSS 4
TOTAL PROFIT +160 pips