Minotawr Great result, it couldn't be easier
Magic numbers question 12 replies
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Disliked{quote} ==== Hi Minotawr, Thank you for this lesson, but how about a current situation - select any one of your currencies at the last candle of your chart, please. Secondly, could you also demonstrate the reverse trade-entries, please. Continues success to you and everyone else. Hercs.Ignored
DislikedHercs Entry 1 is correct according to the rules and is a clear winner. Entries 2 and 3 shouldn“t have been taken, also according to the rules, because price is above the EMA so we only look for buys. You could have put pending buy orders after the red candle near 2 (wouldn“t have triggered) and also (probably) after the close of red candle marked 3. You got lucky with price closing yesterday gap but entries 2 and 3 are against the rules.Ignored
DislikedThanks for sharing your strategy. I have been using it all week on the daily charts as I don't have the time to watch the H1 charts. I didn't really understand the power of pending orders until now! What would really help me is a trade manager / EA to place on pairs that are trending and automatically move the TP/SL at the formation of each new candle or take the trade at a defined risk based on the SL. It would also be interesting to backtest with different settings for: Trailing Stop, Candle offset, scaling out at 1:1, TP at 1:2,1:3...etc or trailing...Ignored
Dislikedok guys, one more chart for education. This is H4 chart of EUR/AUD: Since a strong down movement accured (yellow line) and price under 100EMA, i`ve started to look for retracements. --> green candle 1 was formed. I put my pending sell stop order under the candle 1, SL above candle1 --> green candle 2 was formed. My pending order from candle 1 was not activated. I cancel pending order1. Now i put my pending order under the green candle2, SL above --> green candle 3 was formed. My pending order from candle 2 was not activated. I cancel pending order2....Ignored
Disliked{quote} ======= Here's to hoping that MathTrader7 would read this request, for he is brilliant. Hercs.Ignored