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The Compounding System | Foreign Exchange EA Download- MT4/MT5 Resources

author EAcpu | 5 reads | 0 comments |
Hi

I have a system that I manually test every day. All traders are welcome to participate in this test.

Probability Game Strategy

  1. Using M5 Charts
  2. Recommended for EU pairing only
  3. 08:00 NY Time Closing Candle ( Modification: This system is based on PA, so we can modify it by looking at the first candle (open and close). If the open is less than the close, it's a buy; if the open is greater than the close, it's a sell.) In simple terms, if the candle is a sell candle, it's a sell; if it's a buy candle, it's a buy order
  4. Candle closes at 1.32594 (considered buy)
  5. Based on the closing price of the candle. The closing price plus/minus 10 points is TP.
  6. I don't like to set a hard stop, so if the price is 10 pips below the closing price, then the value will be (1.32594), close the trade with a loss and open a short position at 1.32594 and subtract 10 pips from this value and set the TP. If the price rises again to 1.32694, close the short position and open a long position according to the above rules.
  7. It is important to remember that the first position should open with 0.1, the second with 0.2, the third with 0.4 and the fourth with 0.8
  8. Use a broker that offers you a spread of 2 pips or less. You can check Exness or Alpari (it's totally your choice)
  9. In the screenshot, the red line represents the closing price of the candle on the M5 chart, which also shows the closing price of the candle. The second screenshot shows the green line as TP.
  10. The criterion for determining a successful day is that our target price should be reached for a maximum of 4-5 trades.

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