5/14 was a no trade
5/15 Base 1.9850 @ 2315 EST
Sell 1.9890 Stop 1.9930 TP 1.9850
Buy 1.9810 Stop 1.9770 TP 1.9850
Minnelli
5/15 Base 1.9850 @ 2315 EST
Sell 1.9890 Stop 1.9930 TP 1.9850
Buy 1.9810 Stop 1.9770 TP 1.9850
Minnelli
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DislikedMike - actually I'm thinking that 40 may be too wide. Some of the trades are just missing but I don't want it too small either than the market doesn't have any room to expand and contract. It may have to be a number based on maybe a percentage of a daily/weekly range.
Are there any EA guys out there that could get this in an EA. I haven't played around much with EA's lately. I also don't want this to be a curve fitting exercise. If 35 or 40 pips turns out to be okay, than we can roll with it.
I think this will also work with other pairs but just don't have the bandwidth to dedicate this coming week.
I'm also not sure what to call this type of strategy so research is a little more difficult - is this a reverse breakout or something? That name really doesn't paint the picture and head fake probably isn't perfect.
Also, I looked at the Hedgehog system but that still moves in the direction of the market generally by buying and selling at the same time. My idea is still sell as the pair moves up slightly with the idea it will fall back.
Any help is appreciated...
MinnelliIgnored