Thank you Qpip and Automan for your responses!
Glen
Glen
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Trade Entry and Management (Long example):
1. ATR/2
2. ATR
3. 100 pips (if ATR < 100).
Glen
DislikedI just want to make sure I'm fully understanding how you are trading Billbss' system.Ignored
Trade Entry and Management (Long example):
1. ATR/2
2. ATR
3. 100 pips (if ATR < 100). EXACTLY * 3
http://i32.tinypic.com/2difwpz.jpg
In this example, I entered (white arrow) short GBPNZD @ 2.5346 with TPs:
When the 1st TP was hit (first checkmark) I moved SLs to BE + spread + 1 pip. Then some time later, I moved the SLs lower (can’t remember exactly) and the trendline was re-broken (confirming the move, you can see the new down blue arrow) and when 2nd TP was hit (second checkmark) I moved SL to where it is now @ +360 pips. I’m currently still in this trade. Note that this pair has an 18 pip spread, so I was a bit hesitant, but it paid out.
Hope this helps
Dislikedautoman, great trades and good results. do you use exactly the same rules billbss uses or is there other indicators you incorporate into your system that make it such a winner.
i have being following this thread and it has being helpfull more expecially since you and Qpip started posting great mind blowing results. can you throw more light to your trading rules and indicators you useIgnored