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FX Pseudocode
FX Pseudocode
Simplenote
[Fx_Pseudocode]
PREREQFORSTART
Nevertradeonnews,don'tevensetlimitbeforethenews(afterit's
okay)
ENTER1TRADEATATIME,ATADAY!!!
START1stPROCEDURE
StartopentradeintheMYmorningtime(before11am)
LookforpaironD1timeframe
LookforSTOCHaround80or20,makesurebothlineareatthe
earlypointofcrossing
Ifgreenbelowred,RSIshouldbegreenbelowred(around
70)
Ifgreenabovered,RSIshouldbegreenabovered(around
30)
LookatS&R,ifokthen
Entertradewithlimit(buylowsellhigh,sell
highbuylow)
SetSLandTPhigh(around600),ifyou're
confidentofthedirection
DonotadjustSLonceset
ClosetradearoundUKmorningtime(3pm
4pmMYT)onthesameday
Ifloss,stoptradefortheday
Else,referto2ndprocedure
START2ndPROCEDURE
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4/28/2016
Simplenote
ScaneverypairanduseS&R
MakesureSTOCHandRSIiseitheroversold(below20and
below30)oroverbought(over80andover70)
Entertradewithlimit(buylowsellhigh,sellhighbuya
low)
SetSLandTPhigh(around600),ifyou'reconfidentof
thedirection
DonotadjustSLonceset
ClosetradebeforeUKmorningtime(3pmMYT)onthe
sameday
Else,donotentertradeatall
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