Hi!
I'm currently testing simple method for possibly all volatil pairs.
Idea should working all of them, but my settings my be good just for AUDUSD.
My Idea might look dangerous, but I will explaind why it can operate [currently analyzing ]
IDEA
time zone GMT [London] [=NYC-5 ]
Days of trading
Base of succesful commerce is is trending, thus we need a day, if significant news are granted. Important for AUDUSD would be the orange and crimson innigeriaforextradingcalendar accorded to USD, AUD or GBP
When there is f.e. just one orange news on GBP - its fairly risky to trade. But the majority of days have sth longer
[orange for USD isn't too much as well, anyway one red and one orange news will probably be sufficient, three orange are good as well]
First commerce at 9:30 am
9:30
Im placing 2 EO:
market 5 pips under 9:30 open
buy 5 pips above 9:30 open
SL 10 pips [I risk 10 2 spread = 12 pips]
T1 - 10 [-2 spread =8]
T2 - 20 [-2 spread =18]
etc.. .
Every ten pips obtained signifies SL proceeded by ten, and of course oposit EO.
Last commerce prior to 8:00 pm
When during current trading day was expected any reddish news for USD or AUD we must complete trading 30 minutes prior to it [like it was 8:00pm GMT]
When there was no such a news
The previous trade chould be open before 8:00pm and at 8:00pm shielded using SL and TP on nearest Target.
Risk managment
If a person missing is created, next wager should cover last lose and eventually bring you a little profit [4-8 pips]. Thats why initial commerce should be bet on very small amount of money. Number of trades will give you good money back.
IDEA'S BACKGROUND
way is based on theory, that market won't stop for all day particularly when news anticipated.
7:30 GMT is the time of opening markets. This time sets a few fine tendencies for 30-50 pips that is the main part of earning cash.
TESTING
I have alredy studied august till 20 and december till today and so far the maximum awaiting transfer was 5 loosing bets, I didn't count the profits yet, but I expect some wonderful few countless green pips [maybe over a 1000] month]
I'm still analyzing method and hope for some assistance.
I really hope to complete august and september tonight and pst results as well as amount of losses .
I'm gonna attach some screen later.