I'd like to share my trading strategy inspired by TRO's video: All You Need To Trade Is A Horizontal Line.
As the thread title says, all you need to trade is PRICE.
The two horizontal lines that I mentioned refer to the nearest psychological levels; price ending with 00, 25, 50 and 75.
Here are the steps:
1. Price is 10 pips away from the nearest psychological levels. The distance is required to place pending orders.
2. Place buy stop and sell stop at the nearest psychological levels (straddle), with 25 pips TP and SL. This will switch the trade from sell to buy and vice versa in case it stopped out.
3. Repeat when the trade(s) closed
After 10 trades, I have 60% win ratio (not bad for a simple strategy; I'm happy with anything more than 50% actually). I'll update the result every 10 closed trades.
That's all. Questions, comments and suggestions are all welcomed
The trading history can be viewed below. Only EURUSD trades closed after 2012-08-23 14:33:03. All other trades are using the old trading system.
Trading history
PS: If anybody can code the EA for this strategy, please share it here. I deeply thank you in advance.
