Beat brokers at their own game - trading round figures
The very best indior ever invented is that the eyeball that was human!
Robots may not and won't ever conquer the human eye for spotting trends.
The easiest way is to trade how brokers trade - by hunting stops!
Humans LOVE round figures, and traders have a tendency to trade round numbers, so simply set your trades /10 pips either side of a round number!! (round numbers are believed in 100 pips)
eg.
Say #/$ is 1.53056
Therefore round figures will be 1.5300 (to 4 dp)
therefore you would set your next BUY in 1.5390, with a SL of 20pips, TP 20 pips
HENCE
BUY 1.5390, SL 1.5370, TP 1.5410
SELL 1.5310, SL 1.5330, TP 1.5290
for currencies like #/yen with - Say the current priceis 135.67:
BUY 135.90, SL 135.70, TP 136.10
SELL 135.10, SL 135.30, TP 134.90
If you're really inclined, you could setup 5 currencies, together with buy and sell signals (take around 5-10 minutes) then come back next day and find out just how many came off!
Remember - this is working on human plogy - it only works because HUMANS are creating the trades!!!
IT REALLY IS THAT SIMPLE!!!!