Thread: Sounds Smart, 5min AUDUSD [expandable]

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.

Would you tell us what indiors you are using?

Okay theres screenshot with justifiion of amounts of money to wager.

The numbers are corresponding to picture attached
1. Put the EO with lets say 0.1lot
2. Here we could close 8 pips [2 pips to get disperse ] and start new place using 0.1 lot, and new SL and oposit entrance order [really on the line where was first entrance ]. Its cheaper to leave the old order and just move SL.
3. Price have go back so SL was shot. This implies we've alredy made 8 pips and dropped 10. Lets keep that first 8 in your mind, and receive back the declines.
- to do it we need to put the order for 0.2 lot with SL 10pips
4. SL was gained. We've won 8 pips and dropped 10 2x12 pips. To get it back we need to set short order for 0.5 lots [it'll give us like 40 pips if we wager 0.1]
5. We gained back our 34 pips, so lets keep it closing transaction, and start short again [to get 0.1 lot now ] to acquire the following 8 pips. Or to make it cheaper lets just close 0.4 lot and keep 0.1 heading down
6. Up again. So we dropped 12 points, lets pay it with new transaction for 0.2 lot
7. Got it! We got bac that 12 pips, which lets start again using 0.1