20# Trap for the price Trading System
Submit by JanusTrader
Time Frame Daily, Currency pairs: all.
Set up.
Pick a price level. (eg 1.5000)
Place 3 long limit orders above the chosen middle line at equal increment.
(1.5050, 1.5100 and 1.5150) (50 pips increment) Place 3 short limit orders below the chosen middle line at the same increment (1.4950, 1.4900 and 1.4850) ( 50 pips
increment)
All long limit orders have a target profit of 1.5200.
All short limit orders have a target profit of 1.4800.
Mechanics.
If the first long limit order (1.5050) is triggered, place additional SHORT limit orders at the same levels (1.4950, 1.4900 and 1.4850).
If the second limit order (1.5100) is triggered, do the same as above.
If the third limit order (1.5150) is triggered, do the same as above.
However, at any given time that price reverses and goes down before hitting your long target profit and goes all the way down and trigger your short limit orders, you must compute at every triggered short limit orders and place additional LONG limit orders.
Logic.
It's like trapping the price between 1.200 and 1.4800. The price cannot stay within those levels infinitely, it will break away. Your job is to make sure that when the price decides which level to break, make sure that more orders are at that side than the active orders at the opposite side. So in theory, you cannot lose.
Money management day martingala 1,4. 5° day Stop loss. Example day 1=1 lot; day 2 = 1,95 lot; day 3= 2,75 lot; day 4=3,85 lot; day 5= 5,3 lot.
Example 1 micro 1=0.01 X 6, 2=0.0195X6, 3= 0.0275X6,4=0.03,85X6, 5=0,05,3X6.
Share your opinion, can help everyone to understand the forex strategy.
33# Set and Forget II - Forex Strategies - Forex Resources - Forex
21# 100 pips daily - Forex Strategies - Forex Resources - Forex ...
4# Simple Support and Resistance Strategy - Forex Strategies ...
24# Trading Scalping on the Daily Bar
18# 95 pips daily - Forex Strategies - Forex Resources - Forex ...
6# Trend line Breakout and Fibonacci - Forex Strategies - Forex ...
shahin (Monday, 03 April 2017 11:59)
where is the stop loss?
Mihir patel (Sunday, 01 May 2016 10:34)
Nice strategy. I wl try it.
My strategy is almost same like yours.
In which i am doubling the volume of opposite trade. But main problem is sometimes price dont break the level in market, and dusidewaye to our doubling the lot everytime we end up with large amount of open volume and due to margin call our account gets viped out.