Hi Law,
Simply reduce the leverage/value of each pip to mediate risk according to your own personal MM rules.
Simply reduce the leverage/value of each pip to mediate risk according to your own personal MM rules.
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DislikedHi Paulus,
Regarding Lawrence's and others' questions regarding stop loss:
the indicator is not correct; but hats off to the guy that developed it.
Having to back-track all of your trades on 10-14 different currencies is not only a huge waste of time but we can't accurately work out all legitimate entries as indicators can pose a problem back testing.
Compared to you SIMPLY noting your stop in pips (stop to entry) it is proving very frustrating.
It is of no consequence what OUR MM rules are until we know what you are LOSING or potentially losing compared to what you are winning for ALL TRADES.
I don't know how many ways we can say this!
gtradeIgnored
Disliked
Tigre all my trades have been to rules and I am inc the indicator on this post could you tell me what signals you thought were wrong please on the original system that was posted 6months ago I used the high of the signal bar as my SL but realised that this was too tight and have now moved to swing high or low..all the results can be seen on that thread and I made over 6k pips using it I believe this will make more it uses exactly the same entry rulessIgnored
DislikedHi Paulus,
Regarding Lawrence's and others' questions regarding stop loss:
the indicator is not correct; but hats off to the guy that developed it.
Having to back-track all of your trades on 10-14 different currencies is not only a huge waste of time but we can't accurately work out all legitimate entries as indicators can pose a problem back testing.
Compared to you SIMPLY noting your stop in pips (stop to entry) it is proving very frustrating.
It is of no consequence what OUR MM rules are until we know what you are LOSING or potentially losing compared to what you are winning for ALL TRADES.
I don't know how many ways we can say this!
gtradeIgnored
DislikedI know that many people here do not like backtests and onle beleve in forvard tests, but just for information and better understanding this system i.ve made EA to simulate Peulus trade.
This EA open trades in accordance with EOD indicator (you need to have it for the EA to work). Trades are opened when signal bar is 90% comlited.
TP is 5 days ATR and SL is last swing +/- 10 points. This is Paulus rules.
Please test it if you whant, or use it on demo forward tests. Tell me if you find any errors.Ignored
DislikedHere's the daily chart for USD/JPY.
There were five more pairs that looked almost the same.Ignored