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Saturday, May 7, 2011

20 pips are welcome


“20 pips are welcome”
Simple GBPUSD Strategy Reviewed



"20 pips are welcome"
Introduction
We have a lot of members who asked us for the simplest free GBPUSD strategy for
everyday trading.
This is one of the simplest strategies I have ever seen. I recommend “20 pips are
welcome” for novice traders and for everyone who is looking for some effective
methods to get profit daily.
The strategy doesn’t bring huge money, but allows you to earn 20 pips everyday.
You don’t need any special knowledge or experience – just print the document out
and follow the steps.
Have a good trading!
Installation
Step 1. Open GBPUSD chart, M15 timeframe.
Step 2. Please define the difference between your terminal time and GMT.
You can verify GMT here:
http://wwp.greenwichmeantime.com/time/scripts/clock-8/runner.php
USE GMT ONLY!
Placing Orders
Step 3. Check the closing price of the 15 minute bar that starts at 00.15 GMT and
closes at 00.30 GMT – this is “Base Price”.
Step 4. Place two Pending Orders:
Pending Buy Stop order - 50 pips above the Base Price.
Pending Sell Stop order - 50 pips below the Base Price.
“Take Profit” for both orders is 20 pips.
“Stop Loss” is 20 pips for both orders too.
Closing Orders
At least one of pending orders will be opened daily.
WARNING: If one of them opened, you have to DELETE the second pending order.
If none of them opened in the next 24 hours, you should delete both orders at 00.00
GMT.

"20 pips are welcome"
Introduction
We have a lot of members who asked us for the simplest free GBPUSD strategy for
everyday trading.
This is one of the simplest strategies I have ever seen. I recommend “20 pips are
welcome” for novice traders and for everyone who is looking for some effective
methods to get profit daily.
The strategy doesn’t bring huge money, but allows you to earn 20 pips everyday.
You don’t need any special knowledge or experience – just print the document out
and follow the steps.
Have a good trading!
Installation
Step 1. Open GBPUSD chart, M15 timeframe.
Step 2. Please define the difference between your terminal time and GMT.
You can verify GMT here:
http://wwp.greenwichmeantime.com/time/scripts/clock-8/runner.php
USE GMT ONLY!
Placing Orders
Step 3. Check the closing price of the 15 minute bar that starts at 00.15 GMT and
closes at 00.30 GMT – this is “Base Price”.
Step 4. Place two Pending Orders:
Pending Buy Stop order - 50 pips above the Base Price.
Pending Sell Stop order - 50 pips below the Base Price.
“Take Profit” for both orders is 20 pips.
“Stop Loss” is 20 pips for both orders too.
Closing Orders
At least one of pending orders will be opened daily.
WARNING: If one of them opened, you have to DELETE the second pending order.
If none of them opened in the next 24 hours, you should delete both orders at 00.00
GMT.

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