This video discusses the trades of this week in more detail and compares some of the successful trades to the Envelope/RSI technique
During this week there have been 53 successful DIAD trades
Please note we are supplying the successful deals as a service and for educational purposes to show users of the DIAD EA when and where these successful deals are most likely to occur. To do this we run the EA continuously and ignore the many break-even and unsuccessful deals as these are of no educational value.
Many traders think they have to use their whole Forex account to do Double in a Day trades. If you have a $ 5 000 account you can for instance only use $ 2 000 for double in a day trades. Also many traders think that they MUST go for 100% gains. You can choose the gains you want to go for.
Use this link to see the actual DIAD EA settings to produce these results FOREX SETTINGS
The GBPJPY is the most successful currency so far – it is a good currency to trade as the spread is reasonable and it has good volatility. Volatility can be enhanced the fact that the JPY is mainly traded in the Asian session and the GBP in the UK and US sessions. This it a factor that produces higher ranging candles.
If you have not bought this great Forex Trading tool that helps you add additional lots to your trades on a risk free basis use this link for more info: DIAD FOREX TOOL
PLEASE NOTE: All of the trades could be entered using pending orders. This means you only need to look at the charts 2 or 3 times a day for a few minutes to identify potential transactions and enter pending areas in for the potential entries
Most successful deals are identified using Channel trading. Click here for a FREE Channel trading course CHANNELS
THIS WEEKS TRADING
The week we list all the top currency trades in the DIAD groups going for 70. 85. 105 and 130 pip. In addition we overlay the envelop and RSI indicator on these charts to get a feel of how effective that setup is to identify successful DIAD trades.
Please watch these 2 videos to get an overview of the envelope and RSI system used in the analysis below.
http://www.doubleinadayforex.com/free-forex-double-in-a-day-entry-technique/
http://www.doubleinadayforex.com/forex-video-of-one-weeks-double-in-a-day-trading/
Also watch the above video for more detailed commentary about the charts below:
130 Pip runs
100 Pips Run
85 pips runs
70 pip runs
Thanks for the videos Alex. They are appreciated.
Regards, Steve.
Best not to trade the same currency on the same account that is being traded by the DIAD EA. You can open multiple trades as long as they are different currency.
You trade price levels – so you anticipate or estimate when the price will touch the envelope and when the RSI will be OB and then you put a pending order in. That is the quickest way of trading this way.
Yea, I know about the patience. I could do with a bit more of that stuff. But I see you need to be quick as well. How else would you get in at the top of a pin bar, just breaking the envelop? How do I manage that?
“both this EA and a doctor need patience…” I thought a doctor needs Patients 🙂
very good video Alex, thx for the comparison between eenvelope and manual trading
Can I open multiple trades manual or DIAD EA only can handle a single manual trade?
Can DIAD EA handle trades opened by other EA?
Wow.. good news. I never get a chance to have a single “strike” since day one when I started off as a tester. Simply have no luck. “Luck”? Do user of this EA need luck? Yes, I think so.