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Would you trade this system? New system #2. 10 replies
Disliked
All trades must have a valid entry point according to the rules.
All trades must have a valid entry point according to the rules.
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HiramIgnored
DislikedHi Kostas,
Do you have a statistic of this method for a middle term say 3 months and for around 300 trades?
I am excited to know if this method has an output result that would work in middle term and long term? If a method has output of 55% in long term it is consistent and it works well, has this method been tested for long duration?
Thanks,
RezaIgnored
DislikedReza,
All I have is my live results. I am dancing from March 10 with an overall 65% winning ratio (70% for for June). This is around 76 trading days (only a few days were loosing days). In private communications, Clay suggests that I could improve above 80% with more experience. Anyhow even with these results the account grows steadily at least 3% daily.
As far as long term, we will find out. If I manage to reach around 30,000 E (in another 90 trading days or so) then I can trade 30-40 pips with 4-5 lots. As I said before, at that stage I will...Ignored
DislikedThanks Kostas,
Can you let me know how many trades you made?
And I understand you use M15 only and you use the other time frames for fine tuning your entry right?
Also I found...Ignored
DislikedHi guys. Just some quick questions?
Does this system work on longer time frames? I assume it does, but has anyone traded it successfully on 4HR and DAILY TFs?
I’d like to try it out on a long term basis as I work during the day. I get home about London open time as I’m in Australia.Ignored
DislikedHi everyone,
This is my first post but I have been following this method for a couple of weeks now. I have a question regarding a situation that came up this morning.
The long green candle which I have indicated set-up for what looked like a solid 10ema bounce trade. The angle is very steep and the retracement is only 2 bars. There was also the 50 psychological level. The only issue was there was GBP news out at 9:30am (the candle is the 9:30 candle) which was defined as medium impact news. Personally when trading I have always ignored medium...Ignored
DislikedMacdon What is it that doenst suit your timezone? I am on the east coast of Australia - Frankfurt opens 5pm and London 6pm local time. That is a great time to open the charts and watch for setups.Ignored
DislikedCaj1986,
Welcome to the thread. Good spotting.
I took this trade for 15 pips. It was a perfectly good trade for longer short, but lately I have done a couple of bad long trades so I am back to my original 15 pips TP. It got me where I am now, so if it ain't broken why fix it?
Kostas.
P.S. In this trade the M5 helped me to time it perfectly since it bounced off the M5 35.Ignored