Hi :
I want to share a egy on GBP/USD and I hope you could send your view concerning this particular system.
Its very simple egy that I use to trade demo account on gbp/usd on m30 time frame.
Currently lets explaint it:
first of all we want:
1-gbp/usd m30
2-parabolic sar together with all the priginal setting.
3-time of functioning is 5:00 untill 17 GMT time zone or near of candle 7 to shut of candle 19 meta moment.
Theres everything you need!!
Entrance for market:
1-we will open our sell order 1 pip below the stage before the current one....
**-notice : you dont see the current DOT since it struck the candle in sign time,so everytime we work together with the dot before the current one for entrance.
2-stop loss: we ought to count the space between the sign point and current upper stage of parabolic sar, we then add our stop loss one pip over that dot.
3-also we want trailing stop,we will put the stop loss pips on trailling cease also.
4-the target is two *stoploss....
Buy order is opposit of this market.
Remember that we ought to figure out the spread and that 2 pip(one pip below for entrance and one pip over for stoploss)) in most move....
For example in this picture on 26th april 2007,we ought to do like this with 4pip distribute on gbp from northfinance broker.
Market @ 2.0024 ((one pip under ))
stoploss @ 2.0060 ((one pip above)((40pip)
monitoring stop=40 pip (like stoploss)
goal:1.9940 (2*40) 4spread=84pip
as you see we came out on this order together with 80 pip profit. On that day.
It was a good example on my own method.
I can send a buy example after...
good luck