Hi guys,
HELP!!
Is there such an expert advisor that exists that I can test the Boomerang strategy devised by Ed Ponzi? Its an extremely easy 15pips.
Essentially it goes like this and it takes advantage of very slow time 1700 EST or 9am NZ time. Banks are squaring up trades and there is very rarely any breaks in one particular direction. I reckon it could be extremely easy to create for those in the know.
Boomerang Strategy – Ed Ponsi
Background to this trade:
•This Trade is for the EUR/USD the strategy can only be used on this pair.
•The target is 15 pips.
•Take the trade at 1700 FST = 9:00am NZ time
•If there is no trade execution within 2 hrs cancel the trade, do not stay in the trade longer tan 2 hrs.
Step 1
Look at the opening price at 17:00 EST or 9:00am NZ time
Step 2
Use a market order to place a short trade 15 pips above the opening price and a long trade at 15 pips below the opening price.
Step 3
Place a Long S/L 15 pips below your entry order and a the Short S/L 15 pips above your entry.
Step 4
If a buy order is executed cancel the short order and visa versa if the short order is executed first.
Step 5
If the orders are not executed or achieved after 2 hours - GET OUT
So anyway. What do people think?
HELP!!
Is there such an expert advisor that exists that I can test the Boomerang strategy devised by Ed Ponzi? Its an extremely easy 15pips.
Essentially it goes like this and it takes advantage of very slow time 1700 EST or 9am NZ time. Banks are squaring up trades and there is very rarely any breaks in one particular direction. I reckon it could be extremely easy to create for those in the know.
Boomerang Strategy – Ed Ponsi
Background to this trade:
•This Trade is for the EUR/USD the strategy can only be used on this pair.
•The target is 15 pips.
•Take the trade at 1700 FST = 9:00am NZ time
•If there is no trade execution within 2 hrs cancel the trade, do not stay in the trade longer tan 2 hrs.
Step 1
Look at the opening price at 17:00 EST or 9:00am NZ time
Step 2
Use a market order to place a short trade 15 pips above the opening price and a long trade at 15 pips below the opening price.
Step 3
Place a Long S/L 15 pips below your entry order and a the Short S/L 15 pips above your entry.
Step 4
If a buy order is executed cancel the short order and visa versa if the short order is executed first.
Step 5
If the orders are not executed or achieved after 2 hours - GET OUT
So anyway. What do people think?