Dow Correlation | Foreign Exchange EA Download- MT4/MT5 Resources
I have been trading this method for a short period of time with good results. It is based on the correlation between stock prices and currency prices. I hope that over the life of this article you will help me improve this method so we can all make a lot of money.
How to trade the long position - If at any time between 12:30 and 1:00 PST (1/2 hour before the New York market close), if the Dow rises by at least 1% and Exxon rises by any amount, we will trade as follows:
Buy 3 lots of EUR/USD and buy 3 lots of EUR/JPY. Use a 40 pip stop loss for all 6 lots. Close 2 lots at +30 and move the stop loss on the last lot to the entry point (if the stop loss is at the entry point, the last lot will break even). Close 1/2 of the last lot at +100 and set a 100 trailing stop on the last 1/2 lot. If you have an entrance onto another road, exit the last 1/2 block. Friday trading - if profit is reached on 2 lots, the last lot is retained using the above rules. If you do not reach the profit of 2 lots, please close all 3 lots before the foreign exchange market closes.
Ways to short trade – I think you can think of it.
How to trade the long position - If at any time between 12:30 and 1:00 PST (1/2 hour before the New York market close), if the Dow rises by at least 1% and Exxon rises by any amount, we will trade as follows:
Buy 3 lots of EUR/USD and buy 3 lots of EUR/JPY. Use a 40 pip stop loss for all 6 lots. Close 2 lots at +30 and move the stop loss on the last lot to the entry point (if the stop loss is at the entry point, the last lot will break even). Close 1/2 of the last lot at +100 and set a 100 trailing stop on the last 1/2 lot. If you have an entrance onto another road, exit the last 1/2 block. Friday trading - if profit is reached on 2 lots, the last lot is retained using the above rules. If you do not reach the profit of 2 lots, please close all 3 lots before the foreign exchange market closes.
Ways to short trade – I think you can think of it.
























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