You choose your own 24 hour period move - here as an example I will be using For example, the GBPJPY for the last 24 hours was: I have attached a Spread Sheet with all the formulas. All you need do is put in the High, low and close, and it will give you all the figures Depending on what time zone you are in, I would suggest setting your orders before "your" market opens Thanks for submitting this interesting system Stuart. Since I can't watch the markets consistently, I'm looking for a system that you can basically set and forget.

This might work out well in that regard. I plan to demo it to see what results I achieve. I did want to point out something that I noticed when I downloaded your accompanying spread sheet. The formulas that generate both the long entry and short entry are correct only on the example that you included first line of cells. On the cells that follow, there is a different formula that doesn't match the methodology that you listed above. I noticed the discrepancy when some of my manual calculations didn't match the values being generated by the spread sheet.

Just an oversight, I'm sure, but I thought I'd point it out for those who might not catch it. Again, thanks for the system. This can add much help in not setting on the computor all the time. Did I get this right. Your system is to set long and short orders at the same time? Please hurry with the answer. I'm anxious for a break with happy results. To answer your question Wayne Hopefully one will trigger and exit soon after the market opens. And Synalon, I did notice the error in the formula.

I have uploaded a new spread sheet. Also, bear in mind that you can easily copy the formulae for new pairs - like the 2 decimal and 4 decimal point pairs. Have you considered filtering the trades by the long term trend?

Thanks for your fair value fx option. I am currently also testing a trend indicator in order to only set one order, depending on the general trend. Also the "center of Gravity line" seems to indicate the direction. I will post the indicators here as soon as I am happy with the results. I think it would be a lot safer to only set orders stockbroker institute in india one direction I have forex trading demo account south africa a template with the help of some indicators to determine which way to set ones order for the day.

In the template I have the 'wellxAMA' indicator, as well as the 'Center of Gravity' indicator.

How you would determine which trade to place is at the given time, look at the general direction of the Gravity line, and also at the 'wellxAMA' dot, or last dot. If the wellxAMA dot or daytrading stockpicks com dot is yellow - ONLY PLACE A SHORT ORDER.

If the wellxAMA dot is blue - ONLY PLACE A LONG ORDER. I have noticed it works best, for me, only trading the GBP pairs, and setting orders just before the London market opens.

I have attached the spread sheet again, but with the formulae for both a daily range indicator forex decimal and 2 decimal place pair. With the last upload did - PLEASE IGNORE THE Daily range indicator forex INDICATOR FOR THIS METHOD.

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Who's online There are currently 13 users online. Submitted by User on March 6, - Submitted by Stuart BE This method is basically to do with what a pair moved like the previous 24 hour period.

In this, I will use the GBPJPY, but one could use it on any pair. Mark the High, Low and Close for selected 24 hours.

Set your SL levels 10 pips away from the opposite order. Thanks a million, and any feed back from the pro's would be appreciated. Thanks for submitting this. This can add much help in.

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I enjoy this site and Thank you Stuart Wayne. Hi Wayne and Synalon, To.

How to Trade Forex "Blind" Using Average Daily Range

Hi Wayne and Synalon, To answer your question Wayne Thanks Stuart for your. Thanks Stuart for your system. Hi Marie Thanks for your. Hi Marie Thanks for your comment.

Hi all, I have made a. Hi all, I have made a template with the help of some indicators to determine which way to set ones order for the day. But one can choose any pair, and also any 24 hour period.

Hi All, With the last upload. Hi All, With the last upload did - PLEASE IGNORE THE WELLXAMA INDICATOR FOR THIS METHOD. DailyFX Dukascopy Saxobank InstaForex FSR Forum. Free e-books Currency Index Forex bonus Video course.

How To Double The Account In 1 Day? Home Advanced system 14 Simple trading with Daily range Submitted by User on March 6, - DailyFX Dukascopy Saxobank InstaForex.