Introduction

 The blog will explain and report on the strategy that we called nz4x23. It is a strategy I devised which is manual and easy and practical so anybody can do it. Does not involve any robots. Here are the characteristics which may change from time to time.

1. Uses 7 popular currency pairs

2. Only check and manage once a day not even 5 minutes. It could be anytime but preferably in the morning before noon.

3. Basing on the daily chart

4. No stop loss but off and on PO and TP is set to maximise opputunity and minimise risk.

Management

Lots
Manually calculated basing on balance. The ratio is use 1.0 lot for a balance of 10,000

Comments
Every trade must include a comment to keep track the cp has its sequence where 1 is EU and 7 is NZ. So for the first trade say a Buy for EU will be 101b where 01 is the sequence no. and b for Buy.

Trade Management

You only consider the day trading where the candle had been closed. So if you view your trading platform today, the current platform is active and to be considered out. Action are to be taken on yesterday trade and the previous trading day (c1 and c2)

Example below is for a Buy Trade

Putting a Take Profit
Place a TP when at the open of c2 candle if c1 is a short candle and if it is 50 pips? or above.

Putting a PO Buy
At the same time and level create a POB

Scenarios (in favour)
If the price reversed profit is locked and set aside when it hit the TP and a new Buy Trade is activated 

Scenarios (not in favour)
Profit is dwindling until a reverse signal is seen and you ended up losing.