I am still trying to develop this:
use 4hr charts on gbp/usd.
only indicator is:
T_S_R Signal Line 50,3,0 settings.
Buy when candle closes above line and >20 pips difference between close and signal line.
Sell is reverse of above.
buy 2 lots. first has TP of 30 pips
second lot just let run till opposite signal.
when 2nd lot at 75pip profit move SL to B/E
no trailing stop.
stop at 75 pips.
maybe an EA could be developed for it.
thoughts?
use 4hr charts on gbp/usd.
only indicator is:
T_S_R Signal Line 50,3,0 settings.
Buy when candle closes above line and >20 pips difference between close and signal line.
Sell is reverse of above.
buy 2 lots. first has TP of 30 pips
second lot just let run till opposite signal.
when 2nd lot at 75pip profit move SL to B/E
no trailing stop.
stop at 75 pips.
maybe an EA could be developed for it.
thoughts?
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_T_S_R__Signal_Line.mq4
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