MYOR System (MYOR System) | Foreign exchange indicator download- MT4/MT5 resources
Hi guys
What I am about to share with you is not so much a trading system as it is a trading toolset. You can trade trends, ranges, tops, bottoms or all of the above. All in one chart.
MYOR stands for Make Your Own Rules.
MYOR is available on the GBPJPY 5 minute chart. (But who am I to tell you what to do).
Once you set the rules (and you really need the rules), the points will come.
Start small, like setting your overall goal of 20-50 a day, and then move on once you achieve it. Don't try to hit every point, set your own goals/rules.
Using this toolset, 50 pips a day is very achievable, in fact, much more is possible.
Stop Loss - Keep it tight, say 30 pips, but it's up to you.
Lot Size - If you are a cowboy and like to blow dirty money, risk it all. Otherwise 1% is enough.
I've put together a goal spreadsheet of what I can achieve at 50 pips a day and withdrawing a third of my account every month. So, make a habit, make a plan and execute it.
Indicators and templates are located in zip files.
So I want to see what rules you would apply to this toolset.
Good luck to everyone.
I have updated the template to include zoomed in prices and candle times
What I am about to share with you is not so much a trading system as it is a trading toolset. You can trade trends, ranges, tops, bottoms or all of the above. All in one chart.
MYOR stands for Make Your Own Rules.
MYOR is available on the GBPJPY 5 minute chart. (But who am I to tell you what to do).
Once you set the rules (and you really need the rules), the points will come.
Start small, like setting your overall goal of 20-50 a day, and then move on once you achieve it. Don't try to hit every point, set your own goals/rules.
Using this toolset, 50 pips a day is very achievable, in fact, much more is possible.
Stop Loss - Keep it tight, say 30 pips, but it's up to you.
Lot Size - If you are a cowboy and like to blow dirty money, risk it all. Otherwise 1% is enough.
I've put together a goal spreadsheet of what I can achieve at 50 pips a day and withdrawing a third of my account every month. So, make a habit, make a plan and execute it.
Indicators and templates are located in zip files.
So I want to see what rules you would apply to this toolset.
Good luck to everyone.
I have updated the template to include zoomed in prices and candle times
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