Forexstrategy4you

Highest lowest cross method

Pairs:Major

Time frame: 1M Or above.

INDICATORS: heiken ashi ,

highes^1 Range_n value  5 green,10 red,20 red,30 red,40,red,50 red,

sma 10 white color ,

indicator download here:http://codebase.mql4.com/7730

Entry long  position: price cross highest lowest indicator value 10  upside

Entry short  position: price cross highest lowest indicator value 10  downside

stop loss  :below highest lowest indicator value 10  line.

examples:

Risk Disclaimer

Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts. Whatever is the manual trading method, or the automated trading strategy, don't forget to test it first in demo. Also be aware that past performance is no guarantee of future results.

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