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Introduction
Do you remember elliot wave? Yes, your are right... let's see how elliot wave does... it always happens in every time frame
3 1 4 2
5 b a c e d
my system is inspired with elliot wave.. but i make it more simple. And it work and truly profit. As you can see.. always there are forward and reverse points. No matter what time frame.
How It Works ?
This system is two way open position (OP). Yes, we OP long and short at the same time at the same pair. It's risky ? yes it is... but it can be managed. I will show you...
PAIR GU
Position Buy Buy Limit Buy Limit Buy Limit Buy Limit Buy Limit Buy Limit Buy Limit
Level 1 2 3 4 5 6 7 8
LOT
0.1 0.1 0.2 0.4 0.8 1.6 3.2 6.4
SL 0 0 0 0 0 0 0 0
Position Sell Sell Limit Sell Limit Sell Limit Sell Limit Sell Limit Sell Limit Sell Limit
Level 1 2 3 4 5 6 7 8
LOT
0.1 0.1 0.2 0.4 0.8 1.6 3.2 6.4
SL 0 0 0 0 0 0 0 0
As you see... there are each 8 level OP buy and sell that we have.. It's mean there are 8 x 20 pips = 160 pips securing position. In manual you don't have to OP all... just when the price near the level then you set the OP.
Current Level
Position Sell Sell Sell Sell Sell Sell Sell Sell Limit
Level 1 2 3 4 5 6 7 8
LOT
0.1 0.1 0.2 0.4 0.8 1.6 3.2 6.4
SL 0 0 0 0 0 0 0 0
when it hit level 7 of sell the TP must be set to the current level it's level 7 when the level 7 TP is hit are you lossing your money ???? lets we calculate (all in mini account): level 1 level 2 level 3 level 4 level 5 level 6 level 7 loss loss loss loss loss loss profit -100 pips - 80 pips - 60 pips - 40 pips - 20 pips 0 pip 20 pips 0,1 lot 0,1 lot 0,2 lot 0.4 lot 0,8 lot 1.6 lot 3.2 lot x -100 pips x -80 pips x -60 pips x -40 pips x -20 pips x 0 pips x 20 pips = -$10 = -$8 = -$12 = -$16 = -$16 = $0 = $64 = $2
as you see... are loss your money ???... no it's give your more dollar. now let we see the result of buy position
Remember Every Time the TP are hit...... the level must be restart to 1. ex.
Position Buy Buy Buy Buy Buy Buy Buy Buy Limit
Level 1 1 1 1 1 1 1 2
LOT
0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1
SL 0 0 0 0 0 0 0 0
How many we got ? Buy 1 profit 20 pips Buy 2 profit 20 pips Buy 3 profit 20 pips Buy 4 profit 20 pips Buy 5 profit 20 pips Buy 6 profit 20 pips Buy 7 profit 20 pips
0,1 lot x 20 pips 0,1 lot x 20 pips 0,1 lot x 20 pips 0,1 lot x 20 pips 0,1 lot x 20 pips 0,1 lot x 20 pips 0,1 lot x 20 pips
= $2 = $2 = $2 = $2 = $2 = $2 = $2 + $14
So if we calculate the long and short position we have = $14+$2 =$16 Which mean we get $16/0,1 lot = 160 pips just in a day in one pair imagine if we trade in 5 major pair we should have 800 pips in a day.
Is it great ??? No matter your position is.. you still get dollar.
1H
TP Buy and level 3 Sell Level 1 Buy TP Buy and level 2 Sell Level 1 Buy TP Sell and level 2 BUY Level 1 SELL
TP Sell and level 3 BUY Level 1 SELL START HERE level 1 Buy and Sell
TP Sell and level 5 Buy Level 1 SELL TP Sell and level 2 Buy Level 1 SELL
1 day chart
In that chart we got 14 TP each TP will give you 20 pips so we got 280 pips and each TP give you $2 and we got $28 Was that so sweet...
NEWS NFP
TP BUY and level 8 Sell Level 1 Buy TP SELL and level 1 Buy Level 1 Sell
TP BUY and level 6 Sell Level 1 Buy TP BUY and level 5 Sell Level 1 Buy
TP SELL and level 2 Buy Level 1 Sell TP SELL and level 3 Buy Level 1 Sell TP SELL and level 4 Buy Level 1 Sell
TP BUY and level 4 Sell Level 1 Buy TP BUY and level 3 Sell Level 1 BUY TP SELL and level 2 Buy TP BUY and level 2 Sell Level 1 Sell Level 1 BUY
TP SELL and level 5 Buy Level 1 Sell TP SELL and level 6 Buy Level 1 Sell TP BUY and level 1 Sell Level 1 BUY
TP SELL and level 3 Buy Level 1 Sell TP Sell and level 1 Buy TP BUY and level 1 Sell TP BUY and level 1 Sell Level 1 BUY Level 1 BUY Level 1 BUY TP SELL and level 4 Buy TP SELL and level 7 Buy Level 1 Sell Level 1 Sell TP SELL and level 8 Buy Level 1 Sell TP Sell and level 2 Buy Level 1 BUY
It's really make me so confuse to draw the TP... :) As chart shown we got 24 times TP !!!! that mean we got 480 pips and $48 :) was that so sweet ... ????
START
Send 8 level of buy limit. remember gap level -20 pips TP +20 pips and no SL
Send 8 level of Sell limit. remember gap level +20 pips TP -20 pips and no SL
when the below level is HIT set the previous TP to the current level
TP are HIT delete all limit position only the same position if HIT buy so limit buy delete if HIT sell so limit sell delete
THE END I'm sorry if My English Is Bad.. But i'm learning to make it perfect