Quote:
Originally Posted by phil838
It's possible it could work, but you'd need a lower stoploss and profit target.
I personally wouldn't trade it on 1H charts. The strategy works due to the initial momentum generated by a lot of trader buying or selling at once.
The lower the time frame you go the less momentum there will be, because less traders will be seeing that line.
|
My broker is Oanda, and they offer a 3-hour chart, but not 4-hours. Would this system work on a three-hour, or would I need to take the trades off my four-hour demo charts?