DislikedIf I remember correctly some of us pointed out some preferences already:
1) Whistlepips - GBP/USD, (EUR/GBP or EUR/JPY?) D1
2) Anthar
3) GhostMcFly - AUD/USD H4
4) LearningPIPs
5) Blackqn - EUR/USD, GBP/JPY H4
It looks that we need at lest one sticking to D1 yet, if Anthar and LearningPIPs want H4, I can switch myself to D1. Just let's agree who and what.Ignored
- entry 50 pips after BO line or scout wick in daily charts
- entry 20 pips after BO line or scout wick in 4 h charts
Maybe one of the objectives of this testing could be to identify optimum amount of pips for entry in different TFs? PA is really important thing here also. Im not an expert with it. Should we decide something on that also or to check and find out during testing? Anyway on this testing I think that the PA observations should be made on that particular TF which is selected in testing?
With testing TP´s in 3 taps I came up with an idea that you could use consolidation levels as TP levels. I suggested before that maybe we should check these also. By that I mean that what is the potential profit if you exit on first consolidation level, what would be the profit if you take a risk and let it run to the next consolidation level, etc. With this we could check how often this kind of risk is worth taking. If we are using excel sheet for results this would be only an extra column after the first TP. So there would be TP1, TP2, TP...x how far it seems to go. I have used the half point of a consolidation level in my exit level in those previous studies so here´s another thing to decide. With 3 taps I also realised that it could be a good idea to test SL-levels smaller than last swing high/low. So there could be two SL levels to check. SL last swing and SL minimum reguired. The columns on the excel sheet could be as follows?
Currency pair, Date, Entry level, SL last swing, SL min, TP 1, TP 2...
Hope this makes sense. I dont think that it would be a big problem if we do these differently on a first round. On the contrary, by familiarising with each others testing we could learn from each other and have some new ideas to test. Im not able to start until tonight, but will be more than glad to see your results if you can start earlier.
I´m really looking forward to do this Lets see what we can put together.