OILFXPRO'S 3 day support and resistance strategy

[oilfxpro]

Hi

This strategy is suitable for gbp/usd,euro/usd and euro/yen.stop loss 40 and take profit 90 for euro/usd and 130 for euro/yen and gbp/usd

Buy at 25 pips below the close price of the 3 rd preceeding daily candle

sell at 25 pips above the close price of the 3 rd preceeding daily candle

Filters

1 min charts do not trade against the trend of last 2 hours
Last 120 minute range of 45 pips must not be exceeded for entries against the direction of the trend. For long entries the price from high to low from 119 minutes ago, must not exceed 45 pips, For short entries the price from low to high from 119 minutes ago must not exceed 45 pips.


1 hour charts do not trade against the trend of last 48 hours
Lwmas on hourly charts
Long positions: Lwma 3 must be greater than lwma 10 , and both lwma 3 and lwma 10 must be greater than lwma 30

Short position: Lwma 3 must be lower than lwma 10 , and both lwma 3 and lwma 10 must be lower than lwma 30

THIS IS A PROFITABLE STRATEGY

oilfxpro

[bluto]

.....

[oilfxpro]

Originally Posted by bluto

.....

Bluto

Maybe u can do a free expert advisor for this community


OILFXPRO

[bluto]

Originally Posted by oilfxpro

Bluto

Maybe u can do a free expert advisor for this community


OILFXPRO

Here. I rolled a special one just for you. It's very profitable. I'll even include the code in case you want to "customize" it to your special trading style. Hope you like it.

xoxo

[oilfxpro]

Originally Posted by bluto

Here. I rolled a special one just for you. It's very profitable. I'll even include the code in case you want to "customize" it to your special trading style. Hope you like it.

xoxo

Hi Bluto

Your expert advisor is a scam and not for this strategy

????

OILFXPRO

[bossxero]

Originally Posted by oilfxpro

Hi Bluto

Your expert advisor is a scam and not for this strategy



OILFXPRO

What allows you to say the his expert advisor is a scam?? Are you mad or are you just out of your mind... Please do change this behaviour... don't try to put the scam tag before and after each commercial stuff out there... of course, there is 90% scam waiting for the noobs, but remember there is 10% good deals... and Bluto is in this 10%... so I hope I am not seeing this thing from you again... It seems to me that you are trying to prove everything to be scams EXCEPT your own stuffs... very bad... so mind you.

Also, I am telling this based on experience... I tried almost every commercial stuff out there. Even the most recent such as FAPS or goldengoose... So dont come play these kind of games here...

I hope I have been more than clear on this.

[oilfxpro]

Originally Posted by bossxero

What allows you to say the his expert advisor is a scam?? Are you mad or are you just out of your mind... Please do change this behaviour... don't try to put the scam tag before and after each commercial stuff out there... of course, there is 90% scam waiting for the noobs, but remember there is 10% good deals... and Bluto is in this 10%... so I hope I am not seeing this thing from you again... It seems to me that you are trying to prove everything to be scams EXCEPT your own stuffs... very bad... so mind you.

Also, I am telling this based on experience... I tried almost every commercial stuff out there. Even the most recent such as FAPS or goldengoose... So dont come play these kind of games here...

I hope I have been more than clear on this.

bOSS

It is an macd EA .It is not for this strategy

OILFXPRO

[bossxero]

Originally Posted by oilfxpro

bOSS

It is an macd EA .It is not for this strategy

OILFXPRO

Infact I was not referring only to this post above, but to your overall behaviour on most boards, you know I visit all of them though I am not active. I also saw you flamy talks with bluto on strategybuilderfx and how you showed almost no respect to him... so hope now you know what I am talking about... so better take care from now on.

[oilfxpro]

This is not a stategy traded everday.U will probably get 1 or 2 trades a month per pair.

In the chart below the price on the 17 january closed at 1.4642 ,and your entry price 3 days later is 25 pips below is at 1.4617 for a long position on the 22nd (3 rd working day excluding saturday .Entry is shown by red arrow

The hour chart shows 3 /10 /36 m/a is in place on 1 hour chart.3 lwma is greater than 6 lwma and both 3 and 6 lwma are greater than 36

If I was using this system manually I would use wmas 3/6/12 on 1 hour charts

As an experienced trader I would use trailing stop loss and move the price to breakeven after 50 pips, and if the price stalled I would look at the whole scenario again


OILFXPRO

[bossxero]

Originally Posted by oilfxpro

This is not a stategy traded everday.U will probably get 1 or 2 trades a month per pair.

In the chart below the price on the 17 january closed at 1.4642 ,and your entry price 3 days later is 25 pips below is at 1.4617 for a long position on the 22nd (3 rd working day excluding saturday .Entry is shown by red arrow

The hour chart shows 3 /10 /36 m/a is in place on 1 hour chart.3 lwma is greater than 6 lwma and both 3 and 6 lwma are greater than 36

If I was using this system manually I would use wmas 3/6/12 on 1 hour charts

As an experienced trader I would use trailing stop loss and move the price to breakeven after 50 pips, and if the price stalled I would look at the whole scenario again


OILFXPRO

Are you praising yourself here or am I getting it all wrong LOL