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Easiest strategy ever!

Discussion in 'Trading Strategies & Systems' started by boom1, Nov 8, 2009.

  1. boom1

    boom1 New Member

    Nov 7, 2009
    Likes Received:
    Here's what I do, and trust me it ain't fancy, but it does work...

    Open a trade in the direction of the daily candle. Set a stoploss equal to the length of the candle. If after a day the trade is going in your favour leave it running, only adjust the stoploss to the new candle length. If the trade is going against you, immediately close and reverse it with the identical settings.

    I do this using a weekly candle on a weekly basis. Works best with majors, ride those candles to $$.

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