Rules of thread:
1. Well, there is just one really... no arguing or rudeness. we're all here to help each other not to put others down.
Ok so I thought it would be nice for peeps to get interactive with trading the usdjpy on minute charts using the forex laser indicator. The original maker of the indicator has gone commercial but this indicator is free. It gives arrows when there is a great chance of movement in the right direction. I don't know how it works... i don't really care actually. All i know is that it DOES seem to work very well... so far anyway.
There are setups everyday and hopefully we can help each other out with this. from looking back at past trades it seems clear a fixed 10pip stop and profit are giving consistent results. others may think it's best to use a break-even after some pips, maybe this would help eliminate losses, but only time will tell. I think together we can see how this thing needs to be traded and maybe even make an EA out of it.
I am gonna be tradig this on demo until i'm confident i can put a high level of trust in it, hopefully in 2014 will go live. But lets see what tomorrow brings first. Note to forexfactory mods...please don't move this thread!
1. Well, there is just one really... no arguing or rudeness. we're all here to help each other not to put others down.
Ok so I thought it would be nice for peeps to get interactive with trading the usdjpy on minute charts using the forex laser indicator. The original maker of the indicator has gone commercial but this indicator is free. It gives arrows when there is a great chance of movement in the right direction. I don't know how it works... i don't really care actually. All i know is that it DOES seem to work very well... so far anyway.
There are setups everyday and hopefully we can help each other out with this. from looking back at past trades it seems clear a fixed 10pip stop and profit are giving consistent results. others may think it's best to use a break-even after some pips, maybe this would help eliminate losses, but only time will tell. I think together we can see how this thing needs to be traded and maybe even make an EA out of it.
I am gonna be tradig this on demo until i'm confident i can put a high level of trust in it, hopefully in 2014 will go live. But lets see what tomorrow brings first. Note to forexfactory mods...please don't move this thread!
Attached File(s)
fx_laser_scalper_v3.ex4
13 KB
|
878 downloads
fx_laser_scalper_v3.tpl
1 KB
|
615 downloads