Forex Strategies Resources

21# 100 pips daily Trading System

Submit by JanusTrader

 

The “100 pips Daily- Set & Forget” system is a very easy set

and forget system where you don’t have to watch the market

day and night. It is perfect for beginners and people with

9am-5pm day jobs.

To use this system you don’t need to be a market guru. It uses

pure mathematical calculations that even a child can do. The

algorithm is based on a 6:00pm est – 6:00pm est (yesterday –

today) range and Asian Session opening around 7:00pm est.

Let’s begin:

Forex Candlestick charts show sets of data consisting of open,

high, low, and close values of each period.


The hollow and filled section is called “the body”. The lines above or below “the body” are called shadows or tails. If the stock has closed higher than the opening price, then a hollow

candlestick is drawn. In addition, if the stock closed lower than the opening price, a filled candlestick is drawn.

In a hollow

candlestick where closing price is higher than opening price,

the lower body shows opening price and the upper body shows

closing price. In a filled candlestick where closing price is lower

than opening price, the lower body shows closing price and the

upper body shows opening price. Hollow means stocks up and

filled means stock is down.


SETUP

 

Let me introduce this, the World’s Set and Forget Strategy. This

simple system is time based and can be used only once a day .

You don’t need any indicators, just a “charting tool” in your

trading platform and a simple calculator.

Max Daily Profit Potential: 100 pips

This is a very simple and proven to be profitable manual “set

and forget” system. You will have to place orders every day at

the same time. The system uses smart money managment and

profit targets and gives you the opportunity to make 100 pips

even on 50-60 pips pair move! We are taking advantage of the

Asian session opening at around 7:00pm.

The system works on USD/JPY ( you may also try GBP/JPY and

other “JPY” pairs), I use USD/JPY.

 

The rules of this system are simple, and managing trades,

and calculating levels will take no more than five minutes of

your time. The only tricky part is using your knowledge to set

limit orders. ( you can trade the system manually of course..)

Let me introduce you to the 3 simple steps below. Then I’ll

take you through some actual examples in order to illustrate

just how easy this system is.

This trading system involves 3 simple steps.

1. Get ready around 6:00 pm EST

2. Identify your entry levels

3. Place 6 limit orders

That’s it! You don’t have to monitor your trades. All your

trades will be executed by your limit orders..

The Strategy Step by step:

 

1. 1. At 6:00pm EST pull a 2H (or 1H or 4H - doesn't matter -

it will be used only to determinate high/low of the 24 hour)

chart USD/JPY. See example above.

2. Identify the USD/JPY high and low of the 24 hours period

from 6:00pm to 6:00pm

( let’s take an example high=90.50 and low=90.00 )

 

 

Identify your entry levels

 

 

4. Set 3 BUY orders 7 pips above the high (high + 7 pips)

Order 1 Entry: High +7pips

Set take profit 15 pips and stop loss 25 pips

Order 2 Entry: High +7pips

Set take profit 35 pips and stop loss 25 pips

Order 3 Entry: High +7pips

Set take profit 50 pips and stop loss 25 pips

 

Example:

USD/JPY High=90.50 Low=90.00

Order example 1 LONG=90.57 Take Profit=90.72 Stop

loss=90.32

Order example 2 LONG=90.57 Take Profit=90.92 Stop

loss=90.32

Order example 3 LONG=90.57 Take Profit=91.07 Stop

loss=90.32

5. Set 3 SELL orders 7 pips below the low (low -7 pips)

Order 1 Entry: Low -7pips

Set take profit 15 pips and stop loss 25 pips

Order 2 Entry: Low -7pips

Set take profit 35 pips and stop loss 25 pips

Order 3 Entry: Low -7pips

Set take profit 50 pips and stop loss 25 pips

Example:

High=90.50 Low=90.00

Order example 1 SHORT=89.93 Take Profit=89.78 Stop

loss=90.18

Order example 2 SHORT=89.93 Take Profit=89.58 Stop

loss=90.18

Order example 3 SHORT=89.93 Take Profit=89.43 Stop

loss=90.18

 

 

Share your opinion, can help everyone to understand the forex strategy.

Write a comment

Comments: 5

  • #1

    ade (Tuesday, 05 November 2013 07:13)

    which broker allows this type of multiple entry, i have tried it on my broker, but it did not work
    oyewale2000@gmail.com

  • #2

    sridhar (Monday, 09 December 2013 09:05)

    good system worth trying...how about trading another negatively co related pair with 15pips buffer, to reduce loss....essar168@yahoo.com

  • #3

    sridhar (Monday, 09 December 2013 11:29)

    limit orders or stop orders? i guess u meant stop orders?

  • #4

    Tibor (Wednesday, 12 March 2014 10:26)

    I can make an automated system if this does work. Have anyone cheked it deep enough?

  • #5

    Peter (Tuesday, 15 July 2014 16:01)

    Hi
    it works good
    What about the other three orders which are not executed , shall i delete them at 6 pm EST time ?

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