USDJPY: Open Hour (USDJPY: Open Hour) | Forex Indicator Download - MT4/MT5 Resources
I have been following this method for the past few months with great success. This is very very simple method without any indicators
There are several versions of this method on this forum with various names. Why is it unique? It is unique because of its simplicity. Just follow the trend blindly and you will earn points! Do not change any of these parameters
Pairing : USDJPY. Please do not trade any other currency pairs
Method : Open the H1 chart of USDJPY. Mark highs and lows between 23:00 GMT and 00:00 GMT for 1 hour.
Place a buy limit order at the high + 2 pips and a sell limit order at the low - 2 pips
TP : Close 50% of the position at 1:1 and keep 1:2 (move SL to BE), which means if the risk is 20 pips, close 50% of the position at 20 pips and 50% at 40 pips
SL : Other side of the candle +- 2 points
Ideal range : The minimum range should be 11 points and the maximum range should be 18 points.
Please do not change any of these parameters or try other pairings
Without adding any EMA or any indicators, both parties place orders blindly. Even if one of the legs is profitable, keep the order for the other leg. However, pending orders are canceled after 9am GMT. If the order does not reach TP/SL by the next day's opening time, it is closed at whatever price you get
There are several versions of this method on this forum with various names. Why is it unique? It is unique because of its simplicity. Just follow the trend blindly and you will earn points! Do not change any of these parameters
Pairing : USDJPY. Please do not trade any other currency pairs
Method : Open the H1 chart of USDJPY. Mark highs and lows between 23:00 GMT and 00:00 GMT for 1 hour.
Place a buy limit order at the high + 2 pips and a sell limit order at the low - 2 pips
TP : Close 50% of the position at 1:1 and keep 1:2 (move SL to BE), which means if the risk is 20 pips, close 50% of the position at 20 pips and 50% at 40 pips
SL : Other side of the candle +- 2 points
Ideal range : The minimum range should be 11 points and the maximum range should be 18 points.
Please do not change any of these parameters or try other pairings
Without adding any EMA or any indicators, both parties place orders blindly. Even if one of the legs is profitable, keep the order for the other leg. However, pending orders are canceled after 9am GMT. If the order does not reach TP/SL by the next day's opening time, it is closed at whatever price you get
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