00级交易的变化 (Variation to level 00 trading)

I thought better to discuss the variation of the original method here rather than in the original thread. It will be the same concept as original but slightly different variation hopefully to improve profitability. I have my own method with 5pip sl with 50pip target which is doing well at the moment with only 5-6 trades per week (which will be discuss in future if I am generous enough to share it later )

Since I have so much free time in between my trades, I stalk for simple methods to kill my time and to keep my mind active, and this 00 level method seems will keep you on your toes every hour, haha. I am not trading it on live (yet) until I am sure it is worthwhile.

Here is the variation (original method applies here as well):

1) SL: 5, TP: 5 (reduce the recovery of losses). Better to take small loss rather than double losses. Easier to recover with one win later.

2) Direction of the hourly momentum; better to go with the flow. For this I use hourly Stochastic at (5,3,3). If original rules agrees, look at Stoch to cross up (for long) and cross down (for short). Skip the crosses if the cross is above 80 or below 20. Meaning chances t go up/down is limited.

3) Bid distance from the 00 level. Make sure it is less than 5 pips. For example, if signal is long, and bid is at 101.510, then the pending need to be at 101.60 as per rule. Meaning, pa have to move 9pips plus another 5pips to hit target. So best option will be bid to be between 50-90 level (for long) or 10-50 level for short.

This method will be less trades but first win will get the 2% easily.