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any know of a good "set it and forget it syst

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  #1  
Old 24-03-2009, 00:59
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Default any know of a good "set it and forget it syst

Right now I work full time during the day. Would like to know a good set and forget system I could set up during my evening at home. Anybody have one?
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Old 24-03-2009, 01:12
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yes, but its a news trade.

The strategy will be set at 11:00pm CST on the 30 Minute GBP/USD chart.
You will want to make sure that there is GBP and USD news the morning
you are going to trade. I set a pending trade both Long and Short to catch
the breakout while I am asleep.
First you will want to make sure
that there are at least 2 news events on the GBPfor he morning after you set the trade

At 11:00pm CST on a GBP/USD 30 minute chart you will look to see if you
have a flat line with the Highs and Lows for 12 candles (6 Hours) back. This
means that if you draw a line, between the high and low it
does not exceed 100 pips.

set pending trades 20 above the high and low, 30 pip TP , sl is set @ half the range.

Last edited by Hanoverfiste; 24-03-2009 at 01:22.
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  #3  
Old 24-03-2009, 13:09
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I tried something similar to this a while back, but more often than not, price would just tap my Buy Stop & then swing in the opposite direction all the way to my SL. Or vice versa. Was a great way to lose money while I was sleeping!


What's your success rate using this strategy?
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  #4  
Old 24-03-2009, 14:56
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Location: Detroit
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Quote:
Originally Posted by Hanoverfiste View Post
yes, but its a news trade.

The strategy will be set at 11:00pm CST on the 30 Minute GBP/USD chart.
You will want to make sure that there is GBP and USD news the morning
you are going to trade. I set a pending trade both Long and Short to catch
the breakout while I am asleep.
First you will want to make sure
that there are at least 2 news events on the GBPfor he morning after you set the trade

At 11:00pm CST on a GBP/USD 30 minute chart you will look to see if you
have a flat line with the Highs and Lows for 12 candles (6 Hours) back. This
means that if you draw a line, between the high and low it
does not exceed 100 pips.

set pending trades 20 above the high and low, 30 pip TP , sl is set @ half the range.

Very interesting. I will try this concept and see how this will work for me.

Thank you for sharing!
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  #5  
Old 25-03-2009, 07:08
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Quote:
Originally Posted by crt4x View Post
Right now I work full time during the day. Would like to know a good set and forget system I could set up during my evening at home. Anybody have one?
Yes it is one off paid service. Not allowed to advertise here. Send me a PM if you want details. 100% accurate and signals sent by SMS or email. Semi automated. Enter manually and EA will close the trade.
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  #6  
Old 30-03-2009, 15:07
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Quote:
Originally Posted by lrathi View Post
Yes it is one off paid service. Not allowed to advertise here. Send me a PM if you want details. 100% accurate and signals sent by SMS or email. Semi automated. Enter manually and EA will close the trade.
Wow thats great.
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  #7  
Old 30-03-2009, 19:46
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easily 80 percent.. widen the stoploss if your hitting it all the time,
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