Mechanic Trading (better with EA)
Well, maybe this idea is ready to be read in another thread... Bet that's what I thought when I started making some observations about GBPUSD in January 2006
Set up the chart:
Place the horizontal line for each price at 03... You can do it at 1.9303, 1.9403. 1.9503 etc.
Rules..(account amount is 10.000 USD)
1. When the price is 03, open 2 buying positions, each position has 0,1 lots.
2. The first OP, give TP to the next price ending in 97
3. The second OP, assign TP to the next price with a mantissa of 50
4. If the second OP is closed and then the price drops to 00 again, then the OP
Make a second trade again with TP of 50
example...
GBP/USD at 1.9500
Open 2 positions, the first target price is 1.9597, the other target price is 1.9550
If the price rises to 1.9600, we collect (97 pips + 47 pips) - spread (4x2=8) = 146 pips.
If the price rises to 1.9560 and then falls back to 1.9500, then we collect 47 pips - Spread(4) = 43 pips
Then we open another 0.1 lot buy position at 1.9503 with a target price of 1.9547
I believe it will be great to cooperate with EA
Set up the chart:
Place the horizontal line for each price at 03... You can do it at 1.9303, 1.9403. 1.9503 etc.
Rules..(account amount is 10.000 USD)
1. When the price is 03, open 2 buying positions, each position has 0,1 lots.
2. The first OP, give TP to the next price ending in 97
3. The second OP, assign TP to the next price with a mantissa of 50
4. If the second OP is closed and then the price drops to 00 again, then the OP
Make a second trade again with TP of 50
example...
GBP/USD at 1.9500
Open 2 positions, the first target price is 1.9597, the other target price is 1.9550
If the price rises to 1.9600, we collect (97 pips + 47 pips) - spread (4x2=8) = 146 pips.
If the price rises to 1.9560 and then falls back to 1.9500, then we collect 47 pips - Spread(4) = 43 pips
Then we open another 0.1 lot buy position at 1.9503 with a target price of 1.9547
I believe it will be great to cooperate with EA
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