I would like to share my stregy and expect someone to prepare EA
this stretegy I had tried very little manually and its survive in any market conditions
you need to have FXDD only because they are not taking any margin for hedge position
suppose for euro/usd
buy @ 1.5500 (any price you can buy) lots 0.10
same time place two pending order
1. buystop @ 1.5510 lots 0.10
2. sellstop @ 1.5490 lots 0.10
if first order move 10 pips take it dont be greedy
unlucky your first order move in negetive zone, then your sell stop automatically trigger @ 1.5490 and your margin will be zero
as soon as your sell order will trigger @ 1.5490, you have to place immidiately again 2 pending order corresponding with you current position
1. buystop @ 1.5500 lots 0.10
2. sellstop @ 1.5480 lots 0.10
and delete the privious pending order buystop @ 1.5510
if the price move 1.5480 our sellstop will trigger immidiately, again the same routine to follow 2 pending order corresponding with you current position
1. buystop @ 1.5490 lots 0.10
2. sellstop @ 1.5470 lots 0.10
and delete the privious pending order buystop @ 1.5500
do this until you got 20 pips profit overall
as soon as our 20 pips profit reach close all order and delete pending order
we got our 20 pips, start again the cycle for first order 10 pips or multiple order 20 pips profits
you need $ 1000 and required 20 pips in london session and 20 pips in US session
mean daily 40 pips x 22 days = 880
you wont get margin, just look for the brokers who is taking zero margin on hedge position
I am very weak in making understanding, what i have but I tried the best
when putting pending orders
do u double the lots in any time or is it just only one lot every roder.
just 0.1 lots every order
another questions pls
-u don't have any kind of stop lose?
-does this method work in any time or should only be in us and europe market opening?
-dont u think that while trending the built up lots and floating lose could kill this system ?
thanks and best regards
I tried it manually the open trade can go upto 70 lots but all the lots is hedge so choosing the right broker can survive donts used stop loss, only closed all the trade when you have 20+ pips
Thank you Nasir
Please tell me can i do that with $500 using 1:500 leverage. Because i have no $1000. Hope you will help me. Allah Bless You!
Waiting for your kind suggestions.........!
No I did not suggest because floating loss can go upto 300, leerage is not a problem unless brokers are having zero on margin, if you have 500 start with 0.05, its simple
Thank You Nasir, for your clarifications.
Do you think it can give consistent profit every month? if yes then I can contact my programmer to make an EA for us.
you can test it after ea, the problem is sometime if the market is in range we have to sit and open pending orders manualy for 12 hours but at the end we will succeed, if we got the EA its much better
OK Nasir, First I will give time to research on it and then I will do my best to get an EA for this system. And I hope it will help us
Good Luck for your Trading..........!
Thanks for your time!
It is possible that you will run out of money if the range is large enough. It will happen - FOR SURE!