Hello i am just new here and want to show my strategie.
SETUP
I pefer the candlestick chart.
Indicator 1: SAR(0.02,02)
Indicator 2: SAR(0.04,02)
Timeframe. 1d, 3h, 1h.
Pair: every pair. Lower spread is better.
I use the 1d timeframe. Every morning i set up my orders. If both dots above the current rate i send a stop buy order to my broker. Buy at Indicator 2 and TP at indicator 1. If both dot below the rate, then i send a stop sell order. validation of this oder 1d.
Normaly the indicator 2 is more near to the rate then indicator 1. If it not the case., i send not oder.
OK now to SL. Here i am not so sure. At the moment i set it to 25 pipes.
If an order is running. Every morning i set the TP to the new indicator 1 value. I dont change the SL.
I think this strategie is also good for scalping. The TP will be only 5 pipes or like that. You will hit that 90%
Ben