may be put another band for TP - based on most probable range target? (like Silverchannels, they just set on fibo 123.6 or 161%)
or to be on the safe side you want to have a separate indis set on 60, 240, 1440 TFs?
You guys are making this WAY TOO COMPLICATED!!
Go to www.kreslik.com and read all the BUY ZONE threads there.
This is a very simple strategy to trade. One trader made over $4,000 today using the BUY ZONE and another $4,000 trading the xxx.00 price cross. Today, the USDJPY was crossing 119.00 and he was scalping 3 - 4 pips per cross.
PLEASE KEEP IT SIMPLE!!
See, I know someone out there is going to say this doesn't work.
The subwindow shows a scatter plot of the ending digits.
As you can see the number of times the price ends between 00 - 05 and 95 - 00 is a lot less than the rest. So....
If you trade in the direction of the XXX.00 cross, you'll probably make 3 or more pips. Of course, you traders who like to give money to the fixed spread brokers can't make as much, you can still do it.
If the price is above the XXX.00 line and is dropping, you go short.
If the price is below the XXX.00 line and is rising, you go long.
TP at 3 or more depending on market conditions.
SL at 5 - 7 pips AND NEVER MORE THAN 7.
You do NOT need ANY INDICATORS for this trade at all.
I usually trade in the direction of the H1 candle and/or the D1 candle.. go with the flow!
this is a dirty trick too!
but you don't recomend 2 combine those two methods (BZ & 00x)?
I don't need a line to tell me when the price is XXX.00 ...lol!!
KEEP THINGS SIMPLE!!
I can't get the $OPEN indicator to show up in MT4 and I have no inputs on the TRO Multi pair. It's there but with out the needed info. Thoughts on what I may be doing wrong? Thanks
00x - severe scalping...
make sure file installed under correct (exact name): "$OPEN"
Yes, I checked that. I cant get the Open or the Tro Sak Multi pair to work