I don't know if anybody is going to be reading it, but I will be posting my results anyway
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4XP Wolfenstein v1.3
//--- Use scripts for speed, with calculated risk and money management (1 mini lot for every $500 in the acct. and SL10; this is a 2% risk)
//--- SL may be different for different pairs, check ATR and test, don't take it if price has a pivot just ahead
6. Exit: TP 10-12 pips, SL10 or when price dips at least to yellow and breaks cci trend line against the trade
DislikedGreat. It will be nice if you could share your experience like you said. Hopefully through all that we can make it even better. New day tomorrow and I will post all my trades together with the analysis.Ignored
DislikedHi. I set SL for all my trades it ranges from 15 to 20 pips. I know its not 2 to 1 and sometimes it's not even 1 to 1 ratio, that's why I need to learn to hold the trades for longer. On your entries its much better to wait until the price dips into the yellow Moving Averages combined with CCI or Laguerre. Do you use those indicators? Don't worry about your English, its not my mother tongue either.Ignored
Disliked{quote} it's good that you set SL .because without it the statement is worthless .however if we try to find a good way even with 1/1 rate and 70 or 80 % win rate it will be great especially in long term.i don't use cci or languerre or any other indicators ,because i like trading with simple chart and too many indicators have a negative effect on my trades. instead i use my knowledge of price action.i would like to focus on Eurusd for the begging.Ignored
Disliked{quote} Hi mate, just a quick one. Since we are here to learn from each other, how do you choose your entries? do you go off the simple pullback (2nd Entry) I can't figure out the first entry you did? Was it of the broken resistance? ThanksIgnored
Disliked{quote} at first i wait till the price comes to my lines if the price goes up to the lines and m5 chart is ok and in m1 chart i see the signal with the first pullback i will take a buy.and if the price goes below the lines and m5 chart is ok and in m1 chart i see the signal with the first pullback i will take a sell. i also check the price that doesn't be distant of my lines.it is just an idea and i have taken 2 trades and it's too early to decide that it will work or not.Ignored