Double in a Day trades for the week 24 April
Below are examples of Double in a Day trades that occurred during last week.
They are supplied for educational reasons and show how support and resistance / channel trading result in the best entries for Double in a Day trades.
When using lagging indicators sometime too much of the move is given away on a delayed entry.
Please click on the chart to see an enlarged version which will give you more detail
Strategy used:-
- Trend target: 110pips,
- Gain target 105%,
- Top-up levels 30%, 50%, 65%
- Initial stop 17 pips
GBPUSD
As in example from last week this week again produced a great Channel failed swing breakout DIAD trade – not that the target was exactly the width of the channel
AUDJPY
Again a bounce on strong resistance gave a DIAD great entry.
EURJPY
A trendline / dominent angle line bounce provided a great entry
2 Comments
char
April 28, 2015Please provide a myfxbook verified account proving the DIAD trades are real and not screenshots of a demo account 🙂
I believe this will solve many client queries about the validity of your EA and itd application
Alex du Plooy
April 28, 2015Hi Char, As stated the trades are actual trades but NOT done on live accounts (they are snapshots of a demo account) and are provided for educational purposes. Please ignore then if they are not of any educational value to you. Please remember this EA does NOT provide the entries so the success is based on the competency of the Trader using the EA.
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