one to one coaching

Asia breakout need expert for test

MJ2008

Platinum Member
VIP Member
What the expert will Calculate:
1-Determine High & low in the period between 00.00 & 10.00 A.M. (Cairo Time +2 GMT). The time in which Sydney session starts.
2- Consider to these Fibonacci percentages (as high & low are 0&100) 112%, 127.2%, 161.8%. These percentages of extensions should be considered to be calculated for the both extension (up & down) as well as the usual retracement 38.2%, 50%. 61.8% and 76.4%. (may use it in the next stage of expert if we should, but not primary now)

What the expert will do:
Currency Pair: GBP/USD & any GBP Pair
Entry: when price break out the range between 0 &100% of selected period. Enter +5 pips +spread after the high or low
Low-5pips - spread = short position
High+5 pips + spread = long position
Positions: enter 4 position
Position 1: target 112% extension level, in the direction of breakout (or after no. of pips)
Position2: target 127.2% extension level, in the direction of breakout (or after no. of pips)
Position3: target 161.8% extension level, in the direction of breakout (or after no. of pips)
Position 4: target is opened, or can be set as an input in expert options (or after no. of pips)
?[FONT=&quot] [/FONT]The positions shouldn?t repeated in the same direction.

Stop: Traditional stop at 112% levels after the opposite side extremity
(Stop in short position= @ 112% above high) and reverse the position 2, 3&4
Trailing Stop: once the price move in our favor
1-[FONT=&quot] [/FONT]Price move more than certain pips(1st stop) : stop Set for position 1 , by 10 pips
2-[FONT=&quot] [/FONT]Price move more than certain pips : trailing stop for the another 3 positions (tailing = no. of pips)
3-[FONT=&quot] [/FONT]Price hit position 3 target then, cancel the trailing stop& set another stop (2nd stop)



What the expert Input Options:
1-lot size: 4 option for 4 positions
2- Target (T/P): 4 targets for 4 positions, the defaults are the fib. Extension mentioned above. But we can change another targets in pips
3-stop 1: no. pips in our favor before set a stop after 10 pips for position 1
4-[FONT=&quot] [/FONT]Trailing stop= no of pips to trail
5-[FONT=&quot] [/FONT] 2nd stop = no of pips that, if the price exceed it we shall stop trailing
 
one to one coaching
Top