Who’s online There are currently 8 users online. Best forex money management spreadsheet by Edward Revy on March 2, 2009 – 16:24.
This strategy is based on the London Market. Before London opens, at 08:00 GMT, mark the High and Low of the last 4 hours – from 04:00 until 07:59 GMT. Set your Buy and Sell orders 10 pips away from those highs and lows. I set my TP to 100 pips, excluding spread, and have a trailing Stop Loss, and take which ever comes first? My trailing stop is set at the previous hours high, and follows every hour. The thick red line is my TP of 100 pips which was hit.
All depending on your money management, this can work due to the pairs large moves. Any additional tips will be greatly appreciated. Submitted by Edward on March 2, 2009 – 16:30. I’ll now quickly publish it and will come back to review it later.