M Munzer Piercing glance system

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M Munzer Piercing glance system

Postby User » Tue Jul 07, 2009 7:19 pm

Forum transfer: Submitted by M Munzer on February 2, 2009 - 11:55.

Spend ur week end as you like
and get ready for ur weekly orders
Markets open on monday, brokers softwares usually turn active with the midnight of the local countries
With respect to lebanon.. 00.00 AM monday is 10.00 PM sunday GMT
at 4.00 AM Beirut time (2.00 AM GMT) , first four hours candle closes and at 8.00 AM Beirut time (6.00 AM GMT) second fours hours candle closes,,,
After taking your Nescafe before the close of the second candle by 30 minutes, your sight is overseeing highs and lows of the 2 candles, the one closed and the other approuching close
When second candle closes put two orders:
1st: BuyStop order above the higher high of the two candles by 15 pips, stop loss is below the lower low of the two candles by 10 pips, and the TP = (Higher high - Lower low) * 2 of the two candles

2nd: SellStop orders below the lower low of the two candles by 15 pips, stop loss is above the higher high by 10 pips , and TP = (Higher high - Lower low) * 2 of the two candles

When one of the two orders is executed u donot delete the other till the 2nd day 00.00 AM Beirut time (10.00 PM GMT)
When the two orders are not executed in the first day you leave them to the second day and behave in the same way as the case before

Apply this strategy on : eurousd-usdjpy-usdchf-usdcad-eurjpy-gbpusd-gbpjpy-eurjbp

disadvantage: Big Stop Loss
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Posts: 376
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Re: M Munzer Piercing glance system

Postby User » Tue Jul 07, 2009 7:19 pm

Forum transfer: Submitted by User on February 3, 2009 - 05:02.

what happen if both executed?
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Posts: 376
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Re: M Munzer Piercing glance system

Postby User » Tue Jul 07, 2009 7:20 pm

Forum transfer: Submitted by User on February 4, 2009 - 19:14.

if the 1st order is executed and bounced back it will hit stop and later will open the 2nd order that may gain and may bounce again back if market is choppy
This seems rare on charts ...
U must search the strategy that gives gains more that losses it cause
If u r searching a strategy that causes no losses u may find it is paradise
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Re: M Munzer Piercing glance system

Postby User » Tue Jul 07, 2009 7:21 pm

Forum transfer: Submitted by M Munzer on February 8, 2009 - 19:10.

and this week
This is eurousd and gbpusd and take a glance on the other pairs
Irresistable
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Re: M Munzer Piercing glance system

Postby User » Tue Jul 07, 2009 7:22 pm

Forum transfer: Submitted by User on February 10, 2009 - 06:53.

have you tried to build an ea for this so we can back test at least 1 year to count this system consistent or not???
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