if the 20th bar is 35 pips below the close of previous day??
Q: It is only if the 20th bar's close is 35 pips below previous day's close?
Have you tested it?
Yes... for a short position that is correct
Q: It is only if the 20th bar's close is 35 pips below previous day's close?
Eur/Usd
TF – 30m
Short - after the 20th bar closes lower than the close of the previous day if the 20th bar is 35 pips below the close of previous day.
Long - after the 20th bar closes higher than the close of the previous day if the 20th bar is 35 pips higher than the close of the previous day.
SL – 35
TP – 75Can you please attach some charts to give more clearance of the system.
Thanks a million.
"IF YOU GIVE A MAN A FISH, HE WILL HAVE A SINGLE MEAL BUT IF YOU TEACH HIM HOW TO FISH HE WILL EAT ALL HIS LIFE"
hi
thanks for share your system here, it's all about statistic matters, how long did you test your system and how about the result ?
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why 20th bars? can you please explain? or just some statistic system?
Hi parsxz,
Yes agreed. I have had success trading this using "vHands Trade" but for the life of me cannot figure out how to save the results LOL. I am in forward testing mode now and will post some results when I get them. I noticed this system dose not trade as often as most. Maybe that's a good thing.
it's all about statistic matters, how long did you test your system and how about the result ?
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Forex Indicators CollectionI still do not understand the 20th bar, is it on 20th day (bar) on each month?
thx for your explanation
Does your first bar start at 00:00 GMT?
Is there an amount of pips that is too large(far away from yesterdays close) that would negate the trade?
example:the 20th bar is 150 pips above yesterdays close for EUR/USD.
Thank you for sharing.
When do you close trades if neither TP or SL is hit?
I think yesterday was a day where it missed the 75 target by a few pips.
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