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Originally Posted by buckeyefan
I wish I could earn 300 pips in 1 month. Honestly, I would be happy earning 100 pips in 1 month. I just don't want to lose money.
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I will give you a simple way to earn 100 pips per month on average with minimal drawdown. It is free. You can also see live forward tests for free (last 3 months) and will continue tests till end of this year. Here is the method:
Exactly on 13:00 GMT, check the last 4 bars on the 1 hour chart for EURUSD.
Take the most high, and the most low ofthe 4 bars, and establish the orders as follows:
BUY HIGH + 5 pips
SELL LOW - 5 pips
Stop loss should be 50 pips away or the opposit order buy or sell, whichever smaller.
Take profit 80 pips away
Close all orders, at 23:00 GMT
Example: High is 13345, Low 13320
BUY EURUSD at 13350 SL 13315 TP 13430
SELL EURUSD at 13315 SL 13350 TP 13235
This is part of a system called hans123, however, the most profitable part is this one.
Try it on
demo first, or look at the results at
http://www.myfxreport.com, choose hans123, and look at the results of EUR NY session
The reulsts were as follows: 113 pips january, 112 February, 70 March