47# Set and Forget: 10 pips a day

Set and Forget: Price Action Trading System

Submit by Joy22 30/04/2013

Currency pairs: any.

 

This is a Daily Trading System Set and Forget. Price Action Method.

Open 4 Hours chart at 00:00 and attach these indicators:

Trade Day,

Indicator Trade day shows maximum and minimum prices for the day and sign the name of the trading days of the week.Indicator Settings:
_color2 = Gainsboro; - color lines 
limit = 30 - number of daily bars displayed 
Sho_bars = true; - skip the line daily bars
 Gann square sq9 indicator: setting andle up 25, angle down 25.

Long Entry

If the last bar of the day close above the Gainsboro line place a pendig order on the above next resistance of the Gann square indicator.

 

Short Entry

If the last bar of the day close below the Gainsboro line place a pendig order on the below next support of the Gann Square indicator.

 

Stop loss 2 pips below or above the last 4 hor bar of the previous day.

Profit target 10 pips.

set and forget 10 pips a day
set and forget 10 pips a day

set and forget 10 pips a day

set and forget 10 pips a day
Trading System: set and forget 10 pips a day,
Set and Forget: Price Action Trading System
set and forget 10 pips a day.rar
compressed file archive 19.9 KB

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Comments: 3
  • #1

    Matthew (Monday, 10 August 2015 11:59)

    Trying to understand this strategy. I have not had a losing trade yet but, I am not sure if I am doing this correctly lol! I understand the picture about 80% but if someone could fully explain. feel like I am just getting lucky by putting the pending order in on the side i think is right. Any help would be appreciated.

  • #2

    Uthere (Monday, 17 August 2015 20:05)

    Dear Matthew,
    Can you please give me more details on when should I place long/short orders ? (I could not understand the chart)
    Thank you.

  • #3

    Frederic (Wednesday, 02 December 2015 18:00)

    The source code would be great, cause impossible to attach to chart (probably because of MT4 version...)

Set and Forget Trading System