Gbp/usd Open market Strategy

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Gbp/usd Open market Strategy

Postby JohnScrot » Sun Feb 03, 2013 8:26 am

hi im JohnScrot

there is a strategy that take profit by the open of london market at 8.00 gmt

i've found it in another forum and works in this way:

Trading Rules:
time frame H1 gbp/usd chart

1- Open your chart on 08:00 AM (GMT).

2- Find the Maximum Price and Minimum Price between 21:00 PM (GMT) to 08:00 AM (GMT).
(For example If your broker time is GMT+2, so you should find the maximum and minimum price between 23:00 PM to 10:00 AM on your chart.)

3- You have 2 numbers. Maximum Price & Minimim Price. Now should open 2 pending orders:

Buy Stop:
At: (Maximum Price + 2 pips)
T/P: (Maximum Price + (Maximum Price - Minimum Price))
S/L: (Minimum Price - 2 pips)
Expiratory: Next trading day at 08:00 AM (GMT)

Sell Stop:
At (Minimum Price - 2 pips)
T/P (Minimum Price - (Maximum Price - Minimum Price))
S/L (Maximum Price + 2 pips)
Expiratory: Next trading day at 08:00 AM (GMT)

4- Now you can even turn off your computer and sleep. If any of above pending orders activated, let it touch T/P or S/L it self. It may takes some hours or even some days. Please never close it manually.

Inactive pending orders will expire next trading day at 08:00 AM (GMT). At this time you should go to the first stage and repeat this cycle for the next day.

Read more: http://forums.babypips.com/free-forex-t ... z2Jq2AiwQb

2010.08.27
2010.08.26
2010.08.25 +73
2010.08.24 No Trade
2010.08.23 +90
Sum of above week: +18 pips

2010.08.20 +60
2010.08.19 -93
2010.08.18 +90
2010.08.17 +67
2010.08.16 -106
Sum of above week: +18 pips

2010.08.13 No trade
2010.08.12 -99
2010.08.11 +102
2010.08.10 -131
2010.08.09 + 53
Sum of above week: +3 pips

2010.08.06 -52 +52
2010.08.05 -91
2010.08.04 +48
2010.08.03 -97
2010.08.02 +102
Sum of above week: -38 pips

2010.07.30 -58 +58
2010.07.29 -71
2010.07.28 -64 -64
2010.07.27 -69 +69
2010.07.26 +91
Sum of above week: +20 pips

2010.07.23 +68
2010.07.22 +61
2010.07.21 No Trade
2010.07.20 -98
2010.07.19 +83
Sum of above week: +119 pips

2010.07.16 +71
2010.07.15 +54
2010.07.14 +87
2010.07.13 +82
2010.07.12 -121 +121
Sum of above week: +294 pips

2010.07.09 +70
2010.07.08 +79
2010.07.07 +74
2010.07.06 -125
2010.07.05 +41
Sum of above week: +139 pips

2010.07.02 -53
2010.07.01 +101
2010.06.30 +45
2010.06.29 +75
2010.06.28 +52
Sum of above week: +220 pips

2010.06.25 -62 +62
2010.06.24 -70 -70
2010.06.23 +75
2010.06.22 -72 +72
2010.06.21 -130
Sum of above week: -195 pips

2010.06.18 -80 -80
2010.06.17 +92
2010.06.16 -65 -65
2010.06.15 -72 +72
2010.06.14 +121
Sum of above week: -77 pips

2010.06.11 +70
2010.06.10 +111
2010.06.09 +92
2010.06.08 +68
2010.06.07 +73
Sum of above week: +314 pips

2010.06.04 -46 +46
2010.06.03 +108
2010.06.02 +139
2010.06.01 +103
2010.05.30 +98
Sum of above week: +448 pips


it works at 60% and when don't works you will lose the entire range, thats the worst thing;
the good thing is that you don't need to stay all time logged in following chart



Now someone knows how to avoid this stop losses, following the chart , or there is any system- strategy that profit by the open of london market, explained in another way?

Thanks For Melodica and sorry for my bad english.
JohnScrot
 
Posts: 3
Joined: Sun Feb 03, 2013 7:52 am

Re: Gbp/usd Open market Strategy

Postby Emin21 » Mon Mar 11, 2013 2:17 am

Market is going down day by day :(
Emin21
 
Posts: 1
Joined: Mon Mar 11, 2013 2:11 am


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