I created a new method based entirely on Parabolic SAR's. This journal will be used to document my forward testing results of the method.
I will be trading off of the 5 minute charts, and enter trades with limit orders set at predetermined price levels, and GBP/JPY will be the only pair I trade.
All limit orders I place will last for only an hour. So, if it is past the hour, the order doesn't count.
When a trade is entered, a S/L of 50 pips is used just for safety, and I will typically aim for around 10-20 pips or even more as I see fit.
I will be trading off of the 5 minute charts, and enter trades with limit orders set at predetermined price levels, and GBP/JPY will be the only pair I trade.
All limit orders I place will last for only an hour. So, if it is past the hour, the order doesn't count.
When a trade is entered, a S/L of 50 pips is used just for safety, and I will typically aim for around 10-20 pips or even more as I see fit.