For me you have to look at RR when trading, no point taking a TP1 of 15 pips, TP2 of 30 pips and TP of 45 pips when you SL is say 50 pips, as if your TP1 gets hit and then you get stopped out, you are in a loss and you do not have a great RR.
There will be losses with every system, but you need to have a great RR so your wins out gain your losses.
Regards,
Vip
There will be losses with every system, but you need to have a great RR so your wins out gain your losses.
Regards,
Vip
DislikedI, too, was very dissapointed that the thread was closed, but CTGUY must have figured he didn't need the hassle. The same thing happened on another thread I followed. Are you using the same time frame? (Draw vertical line 16:15 GTM time on your Chart.) Is this 16:00 on the Big Dog strategy? Still demoing the strategy, and really like the New York Box indicator that highlights the long and short areas, and gives three profit levels. This is different than your recommendations, and maybe the TP and SL you show could be incorporated into a similar indicator? Just so everyone knows, this system was originated using GBP only. It MAY work on other pairs. For that matter, it seems to. But, further testing needs to be done. Also, you're supposed to follow the trend. There are ways to determine the trend, which I'm sure will be a source of discussion as this thread progresses. Hopefully, the originator will visit from time to time?Ignored