Double your account in a Day Forex trades 18 Apr

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Click on this banner if you need more information about the Double in a Day EA

GBPUSD

This week produced 4 great Double in a Day Forex trades for the GBPUSD.

Please click on the chart to see an enlarged version which will give you more detail

• As you can see the trades all happened during the European session when the GBPUSD is mostly traded.
• These trades all have bounced on levels of support.
• The bounces do NOT appear to have happened on Fibonacci levels
• All of the trades had small breaks the wrong way prior to the bounces (could be a pattern)

Strategy used:-

• Trend target: 110pips,
• Gain target 105%,
• Top-up levels 30%, 50%, 65%
• Initial stop 17 pips

EURUSD

The EURUSD was more of a classical Channel trade trade.

Strategy used:-

• Trend target: 110pips,
• Gain target 105%,
• Top-up levels 30%, 50%, 65%
• Initial stop 17 pips

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