DislikedWill need to go back and see whether this break even is worthwhile. Got triggered today to the pip and meant I missed the big move {image}Ignored
regards,
Tom
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Disliked{quote} Traders' remorse is a terrible thing. If you are going to check how many big moves you missed out on, be sure to also check how many times it saved a complete reversal and full loss. Not getting at you, and it sounds obvious but the human brain is funny that way - it always remembers the ones that got away. Better to look at some way of adding in to a trade that could run alongside this entry method to maximise these big moves.Ignored
DislikedAfter running some optimization tests on the EA I decided on some small changes. Set the breakout box to 6 hours (instead of 4), Max box size is 60 pips and min is 25 pips. I cannot watch charts so I set pending orders at box high and low and add 5 pip buffer. I delete the opposite pending order once price triggers first order. I also have a breakeven set at 5 pips below the 1:1 target. If take profit and stop loss have not been hit at the end of the day I will move the stop. If trade is in profit I move to breakeven + pips and if it is negative...Ignored
DislikedHi.. I'm new here. Downloaded your system last night to have a try.. Just wondering if the layout is correct? {image}Ignored
DislikedThis system will benefit from adding two horizontal lines showing low and high of the previous day as possible targets; the high as a possible target for long, the low as a possible target for short, using a trailing stop after a 1:1 reward/risk ratio. Trade safe and prosper. KPIgnored
Dislikedhi many times did ask do you take trade only on the trend of the day ? thanksIgnored
DislikedBox size of 62 pips exceeds strategy parameters...is anyone trading this anyway? I am not...following the rules.Ignored
Dislikedok. so what is going on here, with regards to the timezones. iam in london , so i assume the 4hrs high/low should be taken from 10pm to 2am ? is that correct. and it seems it is best to look at the 4hrs high low on a 15 minute chart ? i did take the trade last night. it broke the 4hrs high, the buy was triggered but very soon price reversed and stopped me out. too bad. just one question, is it worth trading on the sunday night when the asian markets open for the week ? do you folks trade just the breakout or wait for it to breakout then reverse...Ignored
DislikedEA updated. Update: 1. if "PlaceOrderAfterCloseOutsideBox" Option is true, Limit order will be placed after last candle closed above/below box. Otherwise, EA will put stop buy/sell order. 2. Trail Stop Option {file} {image}Ignored