Saturday, February 4, 2012

Secret Doji Method

Introduction:
This is a very simple strategy, yet one of the most reliable setup iَ ve ever seen.
now i am going to share this powerful trading system, i am sure a lot of people out there are eager to arrive to the place i am in now.

as we know Japanese candlestic charts are the best type of other MT4 charts.
but unfortunately new traders give it top priorty in the trading.

at the first :
letَs to see Doji candle shape:












Typical examples of Doji candlestick:











the first condition of the system is : identify 2 Doji one after one as you see in the following chart:












Second condition:
marked the upper and lower borders of those two Doji as you see in the following chart:

















The Third condition :
place 2 pending orders , One in case market breaks the upper border of the Doji (One pip is enough) and One in case of breaks the lowerborder of the Doji



Stop Loss:
above the Doji upper border in case of short (sell)
below the Doji lower border in case of long (buy)


Take profits:

there are tow methods:
1) TP is equal of SL (70% winning trades)
2) The best method : Enter with to lot , set your first TP as equal SL, and the second TP double SL.



















The best Currency pairs:
the ones that involve the USD
all YEN crosses (EUR JPY, GBP JPY, AUD JPY  etc).

Good Luck

7 comments:

  1. good work thank you for sharing the strategy .
    best regards

    ReplyDelete
  2. Great post!! i love price action.

    ReplyDelete
  3. This is such a great resource that you are providing and you give it away for free.
    forex signals

    ReplyDelete
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