Australia's largest stock trading and investment forum Australia's #1 stock forum

Forex Trading 2018- TA/FA- Setups and discussion, page-3773

First 3773 Last

Share
Profile

Follow
fxghost

221 Posts.

12/07/18

10:59

Post #: 34295514
Share

Originally posted by RickM ↑

It’s purely a money management strategy that buys and sells at fixed intervals then takes profit at the average price of all trades plus half a days average daily range. For example I am long on GBPJPY, last night it retraced 80 pips which my EA brought at a larger lot size. That gave me two Buy orders with the second order being larger. Then when it moved back on trend, it closed all orders around 2am for a nice 2.5 times normal profit. Then it re- enters long again. That means I get to make money on a trend two or even three times while a normal trend trader only gets it once. I am away from my computer at present but will show you the chart tonight. It doesn’t waste pips but yo need to be able to master the weekly candle setups or you can get burn.

Expand

I'm intrigued.. this sounds interesting.

I've never ventured into the EA world so would love to see a chart when you have a chance.
1 Upvote

Reply

Top Stories

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

There are more pages in this discussion • 1,219 more messages in this thread...

First 3773 Last