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Wednesday, June 06, 2007

Very simple System....

One of my friend "LadyFabia" teach me about this simple strategy for daytrade...

For GBP/USD only...
Set Buy stop +55 from the open bar 7:00 (GMT+7)
Set Sell stop -45 from the open bar 7:00 (GMT+7)

always set your SL @35 pips and TP @200 pips...and don't forget to use OCO (one cancel other) and remember cancel all your order @ 23:00 (GMT+7) if your buy/sell order not hit...close your open position too @23:00(GMT+7)...

You can backtest it first so you can see it yourself,
"even with this simple method you can make profit"...

If you don't want to confuse in your trading just try this simple method...no need for indicator, fundamental or technical...and always remember 'Friend with the trend'...
Happy Profit.....

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