Forex 20 pips

[alphine]

Please anyone share.....

forex20pips.com

thank you to anyone who kindly shares

[scwon]

Re: (Req) Forex 20 pips

 

Here it is. Enjoy

 

http://depOsitfiles.com/files/7xrifv78c

 

 

Mirrors:

 

http://[email protected]/file/a2e68g7/n/Forex20pipsdnld.pdf

 

http://[email protected]/file/206205241/f33acd69/Forex20pipsdnld.html

[Starting]

Re: Forex 20 pips

 

I've read the book (it's a small one, with 12 pages only) and can tell you that the strategy is based on trading the H1 retracement.

 

It assumes there were 4 or more H1 candles closed in one direction (for example Bullish).

Then you wait for the next H1 candle. If when it closes it is Bearish, according to rules you open market position in the direction of that last candle (i.e. go Short) and look for 20 pips of profit.

 

The drawback of this system is that as per author's info you need to have big enough Stoploss (150 or more pips) in order to get consistent profit. Which creates return rate of 20/150. With this number you need to maintain very high winning rate in order to succeed.

 

In principle, the strategy itself has rationale behind it - after a strong directional move occurs there always be a retracement or even reversal (depends on a pair you trade and other factors, like news announcement). But trading retracements we're breaking the rule to trade with the trend. Thus there is a need in a huge stoploss. My suggestion - if you want to try this strategy, check if retracement is starting to occur near support or resistance line. This will increase your odds to hit takeprofit.

 

Anyways, that was a nice reading for me before I go to bed. :)

[codeman]

Re: Forex 20 pips

 

Thank you for the Short clearification, so i dont need to read the entire eleven pages to come up to the same conclusion as you. KuDo from me ... ;-)

[alansim]

Re: Forex 20 pips

 

I dont know ..but maybe i can try testing it only 1 or 5 mins time frame..i love shorter time frame challenges :-)

[codeman]

Re: Forex 20 pips

 

Let us know how it works ..., lower TF = lower Risk (in common way) so maybe suites better for just 20 Pips.