Simple 4hr gbp/usd strategy
I'm still trying to develop this:
Use the GBP/USD 4-hour chart.
The only indicators are:
T_S_R signal line 50,3,0 settings.
Buy when the candle closes above the line and the difference between the closing price and the signal line is greater than 20 pips.
Selling is the opposite of the above.
Buy 2 lots. The first target price is 30 points and the second batch is to let go until the opposite signal.
When the second batch of profits is 75 points, SL moves to B/E
There is no trailing stop.
Stopped at 75 points.
Maybe an EA can be developed for this.
idea?
Use the GBP/USD 4-hour chart.
The only indicators are:
T_S_R signal line 50,3,0 settings.
Buy when the candle closes above the line and the difference between the closing price and the signal line is greater than 20 pips.
Selling is the opposite of the above.
Buy 2 lots. The first target price is 30 points and the second batch is to let go until the opposite signal.
When the second batch of profits is 75 points, SL moves to B/E
There is no trailing stop.
Stopped at 75 points.
Maybe an EA can be developed for this.
idea?






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