每天 1 笔交易 (1 trade a day)

This is not my idea but ,it took my fancy as I wanted an indicator used on it but the principle is sound

Take the hi low of the Asian session,I will include a indicator that does this automatically.

As the next market to open is London we want to watch any GBP spots

I have set this up on

gbpusd
gbpaud
gbpjpy
gbpcad
gbpchf
gbptry

We set a buy 10 pips above the high and a sell 10 pips below the low

Once triggered we stay in until 1 of 3 criteria is met

Our Stop is hit
Our Target is hit
The close of the day without our SL or TP being hit.

An example of 2 trades are shown below

A few notes

No indicators are used to asses trend OB OS etc etc
This is 100% mechanical
We trade just once a day per spot
Can be used with an EA
The red horizontal lines are automatically drawn
Set up your fib tool with just 0.00,50%100% after the numerical figure in the properties add %$ after the figure to get the price on the fib lines
If a long is triggered place your 0.00 on the low and move the tool to get the 50% line on the high.The 100% line will give you your TP the 0.00 line will give you your SL

Very important

My life is changing daily some times I think I can day trade with the time i have other times my personal situation changes and I cannot regulary get to my PC hence my recent quite period

This is a min time input system without the need to monitor on a regular basis once in.

I have no stats etc etc so please no questions regarding that

I managed to trade just 2 on the 6 GBP spots available to me as thats all I had set up for last week given my time and the fact Ive only started looking at this.This is a commercial product this is not my idea but I like the princple.

If people want to use a different fib level for the tP or a different stop feel free.Lets throw all ideas into the pot but I dont want a clutter of indicators.

y results for last week on my 2 spots

GBPUSD +125+97+68+118-82 (+327)
GBPAUD +143+4+116-145+114 ((+232)

Total gain + 559 pips

I have included

The Hi Lo ind for the Asian session
My template

PS.. on the screen shots of the trades trade 2 top right should read exit not eneter ....

Paulus