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Simple Trading Method by trader101 PDF Print E-mail
Im been playing this method for about 3 months now and the return is quite good. This is a very simple method and it is all base on price action, indicator free trading and it is done manually.



1. GBPUSD
2. EURGBP
3. GBPCHF
4. CHFJPY
5. AUDJPY
6. EURJPY
7. USDCHF

8. CADJPY
9. AUDUSD
10. USDJPY
11. EURUSD
12. EURCHF
13. GBPJPY
14 USDCAD
The top seven pairs is set 1 and the bottom is set 2. These pairs will hedge each other. Fresh start this method at the very beginning of the week, this will give you a good look at the pairs as weeks goes on. Set 1 trade them SHORT and set 2 trade them LONG. No SL and no TP. As much as possible run a script (attached) so as to maintain correct timing in opening them. Click twice the profit column of your terminal so as to make the positive profit pairs stay at the top and the negatives stay at the bottom or vice versa. Initially the order of this pairs is a mess, let it run for a day or two and you will notice the pairs will start to make a proper order. All the buys will stay at the bottom and all the sells will occupy the top or vice versa. It like putting to rest the dirty bottled water and it will start to settle down after a certain period and all the dirt to the bottom and the clearer water at the top.

About a day or two, all the buys (if negatives) will stay below and the sell (if positives) will be at the top. Now the indication that you should watch is, ideally the bottom 7 slots should be occupied by the negatives, the first pair in the negative that crosses the boundary of positive and negatives is the pairs we are concern. If one of the negative jump to slot 8 (counting from bottom) there is also a corresponding positive that will jump to slot 7. This is the signal. We will trade those two pairs that jump out of boundary.

1) BUYS that jumps up === BUY
2) SELLS that jumps down=== BUY
3) BUYS that jumps down === SELL
4) SELLS that jumps up === SELL
Stoploss:    roughly 40 pips x 14 pairs = -560
You should have another account where you real trading will be executed. You will trade the two pairs that jump out. If the pair that jump up is Long then trade the two breakaway pairs LONG or vice versa. I also trade the next two pairs that jump of the boundary. I limit myself to just 4 pairs being traded at one time. The profit is up to you, what I do is when the pair i'm trading retreats 2 slots then I close it.

Remember do not touch your demo account as this will serve as your indicator and keep it running all the time and just check it once in while for any jumper pair and then trade them.

On the attached terminal copy, you can see the brakeaway pair USDCAD that was a few hours ago and i traded it and make some pips on it. Consequently the other pair GBPUSD also jump 1 slot down and can also be trade Long as well.

I hope i expalin it well. Good Luck trading,
Trader101

IBFX 14 pairs:

Set 1(The Buys)
1) GBPUSD
2) EURGBP
3) GBPJPY
4) USDCHF
5) NZDUSD
6) AUDJPY
7) EURJPY
Set 2 (The Sells)
8) EURUSD
9) USDJPY
10) AUDUSD
11) NZDJPY
12) GBPCHF
13) CHFJPY
14) EURCHF
Total spread for Buys = 37
Total spread for Sells = 40

 

Profit ---- Profit Locked
$6000 - Limit to Close
5000 - $4510;
4500 - 4010;
4000 - 3510;
3500 - 3010;
3000 - 2510;
2500 - 2010;
2000 - 1510;
1500 - 1010;
1000 - 710;
700 - 510;
500 - 410;
400 - 310;
300 - 210;
200 - 110;
100 - 50;

For safe trading you wait till those anchors leave thier spot then you trade LONG. If that happend you your profit will be moving towards 0 and then hold until the profit reaches somewhere 20 or the anchors reaches the the opposite side then wait again for the anchors to leave and trade Short and again and again and again.

anchor position ( position when sell from bottom half finally dislodged the number 1 buy, it is also the time the buy will dislodge the lowest sell.)

 

For NonIBFX;
if Trading LONG;
short UsdChf
short UsdCad
if Trading SHORT
Long UsdChf
Long UsdCad

For IBFX user:
If Trading LONG
short EurUsd
short ChfJpy
If Trading SHORT
Long EurUsd
Long ChfJpy

 

 

 

 

Last Updated ( Saturday, 27 September 2008 )
 
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