**This strategy uses no stops or limits. If you are against this type of techniques then please STOP reading here.
Hi peeps.
I have been trading this strategy since the begining of this year with excellent profits. I will explain here simply how I trade. But this strategy uses no stops.
1) Download the squidster zip file below and place the indicators in the correct folder. place the tpl (template file) in the correct folder.
2) start metatrader and load the template. Simple
3) The squidster indicator is developed by myself.
PAIR TO TRADE: GBP/YEN AND GBP/USD ONLY
TIMEFRAME: 4H ONLY <<<<<<<<
LONG (BUY) ENTRY CRITERIA
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Hi peeps.
I have been trading this strategy since the begining of this year with excellent profits. I will explain here simply how I trade. But this strategy uses no stops.
1) Download the squidster zip file below and place the indicators in the correct folder. place the tpl (template file) in the correct folder.
2) start metatrader and load the template. Simple
3) The squidster indicator is developed by myself.
PAIR TO TRADE: GBP/YEN AND GBP/USD ONLY
TIMEFRAME: 4H ONLY <<<<<<<<
LONG (BUY) ENTRY CRITERIA
------------------------------
- StochsOverBS is red or light red
- Red arrow appears
SHORT (SELL) ENTRY CRITERIA
------------------------------
- StochsOverBS is green or lightgreen
- Red arrow appears
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- if the Trade goes against you when you are in buy or sell.
- If you are in g/j trade then buy/sell in the same direction as the first trade every 200 pips. For g/u every 100 pips
- take profit at entry price of first order OR WHEN THE zigzag changes to the direction of your trade.
- if the zigzag changes then close all orders.
i hope you can all understand the simple instructions. let me know how this works out for you guys
TIP
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Everytime the trade goes against you, increase the lot size for the second order etc.
RESULTS
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Every month has been positive. With some months, getting over 1000 pips.
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**If you dont like no stops strategy, then why are you still reading?