Mkcky's pound system. (Mkcky's GBP System.) | Foreign exchange EA download- MT4/MT5 resources
The system is based on daily channel breakouts for GBP/USD. It operates on a 24-hour cycle, with trading taking place before the European session.
1) Sunday through Thursday at 11:00 p.m. ET. Close all transactions.
2) Place two pending orders, buy 30 points higher than the current price and sell 30 points lower than the current price. Stop loss is 30 pips. Do not set a take profit.
For example. If GBP/USD is at 1.8000 at 11pm ET. Set buy stop loss @1.8030, stop loss @1.8000, sell stop loss @1.7970, stop loss @1.8000
3) Exit Statergy: Go to step 1 at 11:00 PM ET the next day (exactly 24 hours later).
Money Management: This is the most important part. Trade 1 mini lot per $1000 using 1:100 leverage. From then on, you won't lose more than 6% of your balance on any day.
Mackie
1) Sunday through Thursday at 11:00 p.m. ET. Close all transactions.
2) Place two pending orders, buy 30 points higher than the current price and sell 30 points lower than the current price. Stop loss is 30 pips. Do not set a take profit.
For example. If GBP/USD is at 1.8000 at 11pm ET. Set buy stop loss @1.8030, stop loss @1.8000, sell stop loss @1.7970, stop loss @1.8000
3) Exit Statergy: Go to step 1 at 11:00 PM ET the next day (exactly 24 hours later).
Money Management: This is the most important part. Trade 1 mini lot per $1000 using 1:100 leverage. From then on, you won't lose more than 6% of your balance on any day.
Mackie
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