My GBP/USD best forex foreign exchange risk forex bank data

[Antameunrenry]

Hello dear Members
it is my Simple forex Trading system:

GBP/USD

At 5PM EST:
1: Close out any open positions
2: Cancel any unexecuted orders
3: Swt an Entry Buy order 1 pip above previous high
4: Set an Entry Sell order 1 pip below previous low
5: Set stops and limits using the following guidelines:

50 pip profit target, 25pip stoploss if ADR ABOVE200
40pip profit target, 20stoploss if ADR BETWEEN 175 and 199
30pip profit target, 15stoploss if ADRBELOW 175

Do no trade if ADR is below 100

How to calculate ADR
It may be easiest to use an excel spread sheet for this.
Take the H/L for each day, for the past 14 days.
For each day ljst the amount of pip's between the H and L
Example. H = 1.5623 L = 1.5586
5623 - 5486 = 137
Add the total amount of pip's foir allp 14 days and divide it by 14.
Thi will give you the average daily range.

Average pips: +250 - +300 per onth.
Max drawdown since 2008:175 pips.

Have more profits. Best regards.

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