Forex rebates on every trade - win or lose!

http://www.telegraph.co.uk/finance/financetopics/recession/5083987/SandP-fears-debt-crisis-for-Europes-companies.html

Hilly
That strategy that you pointed me to where you take the range of the first 2 hours trading session and place a buy at the top of the range and a sell at the bottom has been working well this week. I have it set up for Europe, USA, Aussie and Japan. So far 5 trades all winners taking 30 pips a trade.

So thanks for that

Don't forget my nickname is Mrs 30%, Jeffie. So thanks for that.

:o)

I've actually been working on an idea along those lines which takes the breakout simultaneously with an expansion of the bollinger bands after a squeeze.

Hils
Post up your address and I will put a cheque in the post

Nelson Mandela Towers, Peckham, Jeffie. It'll reach me.

hils, guy called ty young got a neat(as the yanks wold say) way of explaining/trading bollinger bands, worth listening to unless your already an expert with them

OOOOH 6 from 6, after US opening.

Guess another cheque going to NMT

I'll prime the postie in that case, Jeffie, although I do hope this cheque in the post thing isn't going to turn out as the second largest lie in the world.

I guess I should ask what the first largest lie in the world is

lol even I know that :-)

.

Hilly
That breakout strategy has been 100% for me this week. I wouldnt mind getting an EA written for it so I can trade the Aussie and Jap opening.

Any advice you can give in looking for a coder. Is it like ebay, only take someone with good feedback.

Jeff what pairs are you using it with and what times? I had a quick look a GBPUSD between 1200-1400UK and I didn't like the stop levels required so under my MM.

Yesterday it would have needed 86 point SL and I dont like to trade GU with that much.

Also when are you closing your trades?

Its strange that no one has written an EA for this I read a couple of other threads about it as well and they didn't have EAs either.

Jeff,

Somebody not too far away might have already been building a system these last few weeks along those very lines. It might even already be in test.

:o)

86 pip SLs are for pansies, Spacie. REAL WOMEN don't go under 200.

:o)

Hils
I have written the outline for it so will send it to you at the weekend to get your feedback.

Tim
I will send you my rules at the weekend. I think from potential 19 trades this week 18 would be winners.

Hils ;-) I guess it depends on how long your planning to keep the trade open for, I was looking at closing on the same day, i will have a look at longer times as well, but anyway I am not claiming to be a REAL WOMEN ;-)

If your looking for testers for any EA's that someone you know is working on ...... I know someone that would be more than happy to have a look.

Jeff, that would be great thanks. Impressive figures, maybe you wont need that new job and you can join me in the long term unemployed team.

I could host it on my new VPS for you.

Once I get it running :-)

Jeff, I would be interested in seeing your setup rules if you could add me to your list please.

I have traded overnight ranges with some success but have not really looked at shorter timeframes for the range or indeed those occurring later in the day.

Tim
I use the following
Europe - EURUSD 06:00 - 08:00
NY - GBPUSD 11:00 - 13:00
Aussie - AUDUSD 21:00 - 23:00
Japan - GBPJPY 23:00 - 01:00

These times are all GMT which ODL server is on. If you use Alpari you need to add 2 hours as Europe is GBP + 2 (UK is GMT + 1)

qwento
Will do