Hello folks, I said it all in the title really.
I have backtested a simply method (boo!! hiss!! bad backtest!!) and it showed signs of encouragement so I thought I would start a small live account and record progress (or lack of it) here.
Brief outline - Daily chart EURJPY
1. Set Buy Stop at High of previous candle + 5 pips, TP70, SL30, Trailing Stop 15 pips.
2. Set Sell Stop at Low of previous candle - 5 pips, TP70, SL30, Trailing Stop 15 pips.
3. Walk away and let the market do it's thing - if candle closes without triggering an order adjust to the next relevant High/Low.
Summary - it is my intention to update this as I go.
I have backtested a simply method (boo!! hiss!! bad backtest!!) and it showed signs of encouragement so I thought I would start a small live account and record progress (or lack of it) here.
Brief outline - Daily chart EURJPY
1. Set Buy Stop at High of previous candle + 5 pips, TP70, SL30, Trailing Stop 15 pips.
2. Set Sell Stop at Low of previous candle - 5 pips, TP70, SL30, Trailing Stop 15 pips.
3. Walk away and let the market do it's thing - if candle closes without triggering an order adjust to the next relevant High/Low.
Summary - it is my intention to update this as I go.