sounds good, on 5 min charts ? what sort of stop do you use
5-minute chart. Basically, just when several bars in a row keep hitting certain tops and lows with atleast 10 pip range, i buy the high and sell the low, then buy the low and sell the high and thats 20 pips made... For stop loss... I just place it 6 pips above my entry.
My entry is the very high of the range and i use 6 pips because its the minimum Igindex will allow me to do and its pretty reasonable... Its rare for stop losses to be hit because the ranges sometimes continue for quite some time, and when your entering on the high of these bars and out at the low, the trade only lasts 5-minutes top...
I'll show you some examples from today if your interested ? Today was a better day that usual because i found a small range, i entered the low and planned to exit 10 pip at the high, but quick momentum took the trade out of the high so i'm actually still holding it at the moment, currently at 40 pips, Going to exit at the break of my trendline.
Pm me and we can talk about it; i've never really heard many people talk about this type of trading, but its really easy...
By the way, when i say 37 days were i've hit my target and two not... I mean that 37 days; i have average 20 pips with this strategy... Two days i've broken my rules and therefore lost more than i allow myself... Maximum loss of 12 pips, quit out when i get there... But two days i lost 27 pips and another 38 from bad trading.... Otherwise the 37 other days have all averaged out at around 20 pips
My target is to not loses more than -12 pips on any one day and also to average out at 20 pips a day over the month... Increasing my bet size soon to £4 when the new month starts
![Big grin :D :D](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)