Magic 20!!!!

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if the 20th bar is 35 pips below the close of previous day??

Q: It is only if the 20th bar's close is 35 pips below previous day's close?

Have you tested it?

 

Yes... for a short position that is correct

gsosay:

Q: It is only if the 20th bar's close is 35 pips below previous day's close?

 
Agentfx:
Eur/Usd

TF – 30m

Short - after the 20th bar closes lower than the close of the previous day if the 20th bar is 35 pips below the close of previous day.

Long - after the 20th bar closes higher than the close of the previous day if the 20th bar is 35 pips higher than the close of the previous day.

SL – 35

TP – 75

Can you please attach some charts to give more clearance of the system.

Thanks a million.

"IF YOU GIVE A MAN A FISH, HE WILL HAVE A SINGLE MEAL BUT IF YOU TEACH HIM HOW TO FISH HE WILL EAT ALL HIS LIFE"

 

Hi Fx Referee,

Thanks for stopping by here is a chart for ya..

Files:
1_1.gif  11 kb
 

hi

thanks for share your system here, it's all about statistic matters, how long did you test your system and how about the result ?

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Forex Indicators Collection

 

why 20th bars? can you please explain? or just some statistic system?

 

Hi parsxz,

Yes agreed. I have had success trading this using "vHands Trade" but for the life of me cannot figure out how to save the results LOL. I am in forward testing mode now and will post some results when I get them. I noticed this system dose not trade as often as most. Maybe that's a good thing.

prasxz:
it's all about statistic matters, how long did you test your system and how about the result ?

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Forex Indicators Collection
 

I still do not understand the 20th bar, is it on 20th day (bar) on each month?

thx for your explanation

 

Does your first bar start at 00:00 GMT?

Is there an amount of pips that is too large(far away from yesterdays close) that would negate the trade?

example:the 20th bar is 150 pips above yesterdays close for EUR/USD.

 

Thank you for sharing.

When do you close trades if neither TP or SL is hit?

I think yesterday was a day where it missed the 75 target by a few pips.

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