Hero Traders Live to see their Accounts Die!
- Joined Oct 2008 | Status: patiently growing wealth... | 2,655 Posts
John 3:16 - From THIS love no power on earth can me sever.
Broker Challenge "NDD/STP" vs. True "ECN" and "Mkt Mkr" broker talk 46 replies
Dealing with "Invalid Price", "Requote", "Server Busy" in MT4 3 replies
Finding my strategy; make some pips! 47 replies
Can anyone help me to make Simple Strategy!!! 13 replies
Simple MACD System - Make 100 Pips a Week! 15 replies
DislikedHi Simoneg Please, Do you use Pending Order or Market Order ? TIA Regards BBFIgnored
Disliked{image}My 1st try with this strategy, I got nervous so I got out much too early but would not have made my default TP of 20 pips. The bottom gray line is entry, upper one is exit. I don't think I can ever be comfortable with a risk 2X the TP so I would go for at least a 1:1 R/R personally. Any comments are appreciated and that big red candle might have been a tip not to trade but I did. p.Ignored
DislikedSimoneg, what was the reason for choosing 2:1 risk:reward ratio? And how long have you been trading by these simple rules? What is the percentage of successful trades?Ignored
DislikedHi Intresting thread. Are you still using your old fibo trading ? In your latest post you say win rate is 60-70 percent but the 5 percent is almost gurantee ? so for more pips and higher tiomeframes it is 60-70 percent but for 5 pips on 1 hour it is almost 99 percent ? Is this right ? Best regardsIgnored
Disliked{quote} Hi jgadefelth, Yes 60-70 for higher timeframes, definitely higher on the 1 hour for 5 pips but not 99%. Yes I still trade my fib system.Ignored
A pullback to the open price? A pull back towards what exactly? I'm afraid I don't understand.