Dislikedi am a newbie, but i suspect the reason tk and the others havent answered is there isnt such a thing as a 100% mechanical system.. if it was so simple to make money............Ignored
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Dislikedjames, tk, what do you use as s/l for the immediate entry on the weekly system?
James:
if 4 hr long: enter long at market open, if 4 hr short, enter short at market open.
have same queries of stop loss and what happens if trades get stopped.
thanksIgnored
DislikedI waived the Monday trade, so I am up about 100 pips on the weekly so far. I may paper trade a Tuesday to Tuesday week to see if I can miss a lot of the stop outs that happen on slow and ranging Mondays.Ignored
DislikedBy the way, I'm not trying to change the system. I love the simplicity. I was just throwing it out there as an observation. I don't like when systems get hacked up so much that we lose the original efficiency of it. In this case, though, I'm not adding indicators, or changing TP's or anything like that.Ignored