Dislikedwhat is a good money management for this technique? with a capital of 2000 euroIgnored
always draw trendlines
There is no Magic Moving Average - You need only one 1,114 replies
Demo contest only - 20 pips TP and 20 pips stop - Any TF 51 replies
I lose 40 pips and win 6 to 10 pips... 17 replies
Need Script/EA can only generate Magic number 5 replies
spread on GBP/JPY @ alpari is 12 pips intead of 7 pips they claimed to be 6 replies
Dislikedwhat is a good money management for this technique? with a capital of 2000 euroIgnored
Disliked{quote} This has actually been one of the few most profitable strategies for me. I've read through every post on this thread and the older Magic 5 thread a few times over the past couple of years. By sheer memory, I probably know over 25+ strategies I'm not even kidding. I've searched high and low for years trying to find the "Holy Grail". I've learned all of the top strategies here in the "Trading Systems" forum. It was only until earlier this year that I joined FF. It's been a mind-boggling journey. But there are a few, very sound strategies though....Ignored
Disliked{quote} "Holy Grail" exists. It is your experience controlled by your experienced mind developed in market.Ignored
Disliked{quote} Well, only thing Id recommend is max size of single position to be 50.000 (0.5 lot).Ignored
DislikedWhat is the SL with going for 5 Pips TP? If you do no SL what do you do in case of a sudden losse of control, for what ever reason (internet down, heart attack,..) Having the trade open for days, weeks, monthes risk ruining all your great results so far with one losing trade or even risk your complete account to be wiped out? Sorry but this doesn‘t look professional to me. As you can only control your risk in this business, such strategy maybe seems to be cool for 500,00 USD funded account trading 0.01-0.10 lot positions. But what you do on a 50-100...Ignored
DislikedIt is a habit of people that they also take out insects in good things. That is also the case of Threads, but I think your work is very good.Ignored
DislikedOh yes. What I do is draw support and resistance lines on the M15 chart and every time price bounces on these lines and cross the 5 EMA shift 2 I get the FIVE pips or more. Make sure that the S/R line line has been tested before for certainty and avoid ranging times. This system would be diffult to do without knowing where support and resistance is. Hope it helps.Ignored
DislikedOut of boredom I made this video. two trades. two closes in different circumstances. I guess by watching you will see entire process and understand everything yourself. Sourcing a trade, analyzing, entering, existing. https://www.youtube.com/watch?v=gFl5abG0wfYIgnored