DislikedI think the very selffullfilling prophesy aspect of fib or pivot levels is also responsible for many losses ......Ignored
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DislikedI think the very selffullfilling prophesy aspect of fib or pivot levels is also responsible for many losses ......Ignored
DislikedThe blue line is Gann Hilo at 10, and Orange Line is Gann Hilo at 3 and other indicators discarded, I have gained an extra 130 pips on the setup, and more 100 pips on the Exit, witch turned a previous +295 pips trade into a +515 pips profitIgnored
DislikedHow about utilizing SMA/EMA along with FIB's on the higher TF's? I also did away with most of my indicators and saw a huge improvement in my trading. I also started trading higher TF's (Daily).Ignored
DislikedSome believe that is the reason why fibs work too. I believe there is some truth to both working because of being self-fulfilling aspect..........but only some of the time.Ignored
DislikedWell, I have just spended my last 8 hours testing the changes I have made to my system, those changes that I had made, has the consequence of more trades per month, because I trade every signal now, I'm always in the market, like a SAR system, I had to solve that into a proper money management, I have decreased the Max risk per trade from 1800$ to 1250$ (those values are hypothetical) max risk per trade, also when I have a Stop loss smaller that does not risk the 1250, I increase the position size. Enough talking I will post the results here.
Prior to changes results over 5 months where
2126 Pips
26173 $
After the changes results over 5 months where
3611 Pips
38101$
Who would say that without filtering any trades and take all the signals would increase the results? not me.
PS. Those results are with Spread already subtractedIgnored