move forward we discover a strategy that fits only chosen currency pairs. RSI 90 of time will be in Overbought or Oversold area when candle breech trigger occurs. It also behaved quite predictably technically, forex trader salaire uk especially regarding candlestick analysis. At 8am London time, note the high and low prices of the past four hours, from 4am to 8am. Use a trailing stop based upon the high or low as appropriate of the previous 3 hours on the turn of each hour. Home, submitted by Edward Revy on February 28, :13. Strategy 1 Retest of London Open after Breakout. Entry rules: When Parabolic SAR gives buy signal and macd lines crossed upwards buy. As soon as this occurs, place an order exactly where the price was at 8am London time.
Entry Signal is:. Time frame: 30 min. One thing that is quickly noticeable from any visual mechanical back testing is that where the range is very bullish, there is a strong probability that a bullish breakout will lead to a good bullish move, and vice versa with bearishness. From 9am London time until 5pm London time, enter with a buy stop order one pip above the range or a sell stop order one pip below the range, whichever one happens first, with the qualification that it must be above the 50 SMA for. If an hourly close had occurred above this range during the London session, we would have placed a limit order at the London Open price, with a stop loss 1 pip below the lower level of the range (the lower blue horizontal line).