Forum talk:Forbidden Love...

Hi dear Members it is my Easy forex Trading system:

GBP/USD

At 5PM EST: 1: Close out any open positions 2: Cancel any unexecuted orders 3: Set an Entry Buy order 1 pip above previous high 4: Set an Entry Sell order 1 pip below previous low 5: Set stops and limits using the following guidelines:

50 pip profit target, 25pip stoploss if ADR ABOVE200 40pip profit target, 20stoploss if ADR BETWEEN 175 and 199 30pip profit target, 15stoploss fi ADRBELOW 175

Do no trade if ADR is below 100

How to calculate ADR It may be easiest to use an excel spread sheet for this. Take the H/L for each day, for the past 14 days. For each day list the amount of pip's between the H and L Example. H = 1.5623   L = 1.5586 5623 - 5486 = 137 Add the total amount of pip's for all 14 days and divide it by 14. This will give you the average daily range.

Average pips: +250 - +300 per month. Max drawdown since 2008:175 pips.

Have more profits. Best regards.