Pre-programmed, Automated Double in a Day Forex Trading Strategies

Pre-programmed, Automated Double in a Day Forex Trading Strategies

Trade the Forex market while you are sleeping

Many client considering whether to purchase the Double in a Day EA don’t realise that you can pre-program your entries and the Strategy you want to use.
They think you have to watch the screens all day long and enter the market with a market order and create a trading strategy every time.

Forex Trading Strategies

The Forex Trading strategies used by the Double in a Day EA consists of the following main settings you want to use:

*  The trend size you are targeting (Say 90 pips)
*  How many times you want to top your transaction up (3 times)
*  Where you want to top your transaction up (say 30%,50% and 60% on the way to the target)
*  Your initial stop (Say 20 pips)
*  How much of your account you want to risk (5%)
*  And how much you want to make (100%)

So you would create a few strategies for say a 40 pip trend, a 60 pip trend, an 80 pip trend and a 100 pip trend. Once you would do that you would save them as set files which you can loan very quickly into your DIAD EA. So that is how strategies are automated and pre-programmed.

Pre-programming trades.

The forex trading techniques that produce the most Double in a Day successes are based on horizontal and non-horizontal support and resistance.
So let imagine you are trading and you see a great resistance bounce opportunity off an upper channel line or horizontal resistance of trend-line resistance you merely stipulate a sell entry at the price level you have identified. Effectively a pending order entry.

Once you have done that the transaction becomes a total set and forget one. The price will either go to the level stipulated and activate or it will not.

An example

The potential entry level was identified 5 hours before the trade activated and a sell was programmed at the price-level identified selecting a 100 pip strategy. Everything happened while the trader was fast asleep.