Lazy Boy Day Chart Strategy - MT4/MT5 Resources
Most of us who frequent FF are probably not millionaires yet and probably still have a day job. If this is you, the following strategies may work for you.
1. Check the daily closing candle at the closing time. If the closing price is higher and the body of the candle exceeds 50 points, open a buy position at SL 50 points and TP 100 points. If the close is negative, open the position with SL 50 points and TP 100 points.
2. Come back the next day and repeat step 1. If the body of the next day's candle is below 50 points, do not open a new position. If the market moves in your favor by more than 50 pips and less than 100 pips, move the stop loss of the previously opened position up/or down by 50 pips. Once your position reaches BE, remove TP and let your profits run.
3. Repeat steps 1 and 2 until your bank can no longer handle your cash.
1. Check the daily closing candle at the closing time. If the closing price is higher and the body of the candle exceeds 50 points, open a buy position at SL 50 points and TP 100 points. If the close is negative, open the position with SL 50 points and TP 100 points.
2. Come back the next day and repeat step 1. If the body of the next day's candle is below 50 points, do not open a new position. If the market moves in your favor by more than 50 pips and less than 100 pips, move the stop loss of the previously opened position up/or down by 50 pips. Once your position reaches BE, remove TP and let your profits run.
3. Repeat steps 1 and 2 until your bank can no longer handle your cash.
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