Quoting b-rockDislikedI echo what Don has just said. Those are great results. I am curious to find out what happens when you move the GBP stop to 60. It would seem that that could help as we all know the pound moves quite a bit more than the Euro.
Have you been trading this strategy live QMG?
I've been demo-ing it for the past couple of weeks and have seen positive results.
Keep us posted on your backtests.
Thanks again for sharing this strategy.
BIgnored
I also think there is more "profit" to be made if you micromanage the trade throughout the day. I set the trades at 7:00 pm EST (0:00 GMT) and don't do anything during the night but from 6:00 a.m. to the afternoon I'm able to watch the price action. Yesterday I left over 50 pips on the table by not moving the Trailing Stop to a greater number and got stopped out to the pip--ugghhh--because I wasn't in my office but typically I would have moved that stop because the overall trend at the time was down.
What I like about this approach is that if you don't touch the trades they are profitable but they can be even more profitable if can tweak them throughout the day.
Q