Logical
Thank you for your hard work
Let see if itīs profitable or not!
Thank you for your hard work
Let see if itīs profitable or not!
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DislikedOkay I am gonna call it a night just now.
Results so far.....
JAN: +3500
FEB: -600
MAR: +400
APR: -550
LOGICALIgnored
DislikedThis seems a good system but it has 2 points which should be addressed in order to make it more profitable.
First, 50 fixed pips are not a healthy target and candle measurement. At the beginning of this year 50 pips were simply noise and I think this is the reason why one month was highly profitable and the next a losing one. You have to find a way to measure the average movement and then establish a target.
Second, the entry is late at the party.The market moves first 2 x 50 pips and then must move another 50 without retracement in order to...Ignored
DislikedI have little modified the indicator posted here by marc.newlin PriceActionTrend so now it doesn't reinit on week open and plots right when TF is changed.
The difficult of this system is when to start it...
Lubo.
P.s I set the indicator to 500 pips for 5 digit Brokers.Ignored
DislikedOn the other hand, what I dislike of this strategy is the diversity of the results, you can see that someone has in november 650 pips and others 250... and so...
Good trading to all, and keep this post alive!Ignored
DislikedAnother idea, often in a uptrend, we are stopped because the price goes back 50 pips down (consolidation, retracement) and goes up higher.
The result will be better if we take :
for the trend : TP = 50 SL = 100
for the range : TP = 50 SL = 50
it seems for novembre we would have 350 pips instead of 200.
I will backtest thisIgnored
DislikedHi
Could you modify the indicator to start the first 50-pip candle from a round number 00 or 50 preferably starting from the first round number after the weekly open; this way the 50-candles will always coincide with the sweet spots throughout the week.Ignored