which pairs are you trading.
it seems that the most profitable pair is EU
it seems that the most profitable pair is EU
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Dislikedwhich pairs are you trading.
it seems that the most profitable pair is EUIgnored
DislikedHaving traded this strategy for several weeks now I'm now using the GBPUSD and GBPJPY as they seem the most dependable. I don't use EURJPY as for me, it's moves seem more erratic and tend to give more 'head fakes' with a reversal that result in entries, and then a loss at the SL.
I'm using Paulus' suggested CL at 1.618, but for half the lots, with a move of the stop loss to BE for remaining lots....Ignored
Disliked[font=Fixedsys]Initially I traded GU/ GJ/ GC/ EG/ EU/ EJ from 1st to 29th of May, and I printed the trade history for this period and analyse all the trades pair by pair.
I found out that half of what was won for that month was from GU so I agree with LeoM that GU is dependable, but I cannot say the same of GY bcos most of the losses were from GY and EJ they use to be very big losses that sometimes wipe the good effort of the other pairs
EG and GC have the most won trades but they are always very small but consistent, this may be due to the big...Ignored
DislikedHi
I trade
GBPUSD
GBPJPY
EURJPY
I take the lot off at the 161.8 % fib level
We have some draw downs of course my SL is the 50% line as per the chart
Ive also had good success with the US break out using 3 spots also
I will post that soon its very similar to another thread running
cheers
paulusIgnored
DislikedHi
I trade
GBPUSD
GBPJPY
EURJPY
I take the lot off at the 161.8 % fib level
We have some draw downs of course my SL is the 50% line as per the chart
Ive also had good success with the US break out using 3 spots also
I will post that soon its very similar to another thread running
cheers
paulusIgnored
Dislikedhey FX your right I sawped my charts over from MIG to Alpari didnt think the server time would be different
On my setting I now have
GMT shift 0
start 0
End 7
Thanks for pointing that out my MIG MT4 got corrupted and just an age to open then crashed so swapped over ..I will keep these times see how it goes
Cheers
PaulusIgnored
DislikedLondon is always GMT+0 (Greenwich is in London). You are referring to BST(DST) which GMT switches to and from twice a year. As GMT switches to BST, London is still GMT+0, although you are correct, it has moved an hour forward.
Perhaps it is better to use UTC?Ignored
DislikedHi all!
are we still there and trading this system? well, as for me I am still doing it and I must confess it is a beautiful week for me.
particularly today is very good, I did it with the new setting of 1.618 level as the TP level, and the mid level as the SLs, it paid off well as the non-farm pushed them home.
EU +25 up and +25 down
EG +31 pips
EJ +42 pips
GU +76 and +10 down
[font=Fixedsys]GC...Ignored
DislikedI agree Paulus is great.
I think I will, like you Kos, adopt the 161.8 TP and 50% SL as that will reduce the pips at risk and hence improve risk/reward to much closer to 1.0 (after covering bid/offer spread and the 10pip adjustment for false breakouts).
I too placed an EJ order today (actually an OCO order) and my trade worked as planned, but I did notice and ridiculously large spike in the 2:35pm London Time 5 min candle, where the open/close/high were the same (137.61) but the low was 128. 38 - some 920pips lower!!
Maybe it had something...Ignored
DislikedHi mate,
you are thinking right, that setting is optimal cos the risk reward is beautiful.
as for the EJ been deleted, it is still ridiculous to me. It would have been a very successful trade, anyway na dem know
kosIgnored
DislikedThis is not my idea but ,it took my fancy as I wanted an indicator used on it but the principle is sound
Take the hi low of the Asian session,I will include a indicator that does this automatically.
As the next market to open is London we want to watch any GBP spots
I have set this up on
gbpusd
gbpaud
gbpjpy
gbpcad
gbpchf
gbptry
We set a buy 10 pips above the high and a sell 10 pips below the low
Once triggered we stay in until 1 of 3 criteria is met
Our Stop is hit
Our Target is hit
The close of the day without our SL or TP being hit.
An...Ignored