DislikedI actually thought it was a good idea cgrey cause I don't even know how to use an ea in the first place. So learning to program one and put it to use would benefit me.Ignored
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DislikedI actually thought it was a good idea cgrey cause I don't even know how to use an ea in the first place. So learning to program one and put it to use would benefit me.Ignored
DislikedSorry, dt... I know there are a few like yourself that this would have probably worked out for. But, that said, there are a lot of threads right her on FF that can help you get started. And, I'm far from a programmer... We would have developed about the simplest of all possible EAs (from a programming perspective, this system really is a snap), but there would have been a LOT left untouched that someone would have to go seek out if they wanted to continue with more complex EAs someday. Even if I wanted to, I wouldn't have the programming knowledge...Ignored
DislikedYou touched on a point about not giving anything back a couple posts back. How would you change your strategy if you traded this manually?
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DislikedGotcha. I have also wondered about letting it run but you never know since its forex. I like the cut and dried make/break/or get out rules.
For the guys that can backtest with an ea and not do it manually, have you tested what happens if you stay in the trade 2 hours instead of one?
If nobody has time I understand. If I have time I will try to manually do it this weekend. I do think you will have a lot more sl hit and tp hit. Just depends on the ratio I guess.Ignored
DislikedOne more thing about mm.
I am not going to open a separate account if I trade this system. I still haven't decided yay or nay on it.
Since I would be using the same account that I am making other trades on, would you guys suggest going for a pip target or a % target?
I would still up/down my lot size so I wasn't risking more then 1 or 2 percent per trade. (whatever I decide on)
If I went the pip route this is how I was thinking about it. Target of 80 pips. When I reach it I reset and go for another 80 pips. If I dd 80 pips I reset...Ignored
DislikedN
It's no problem at all.
You touched on a point about not giving anything back a couple posts back. How would you change your strategy if you traded this manually?
Another note kinda off topic. I started trading live yesterday. I was up 80 pips and gave most of them back. (I know I'm a tard) Anyway your mm in this thread has helped me out a ton besides your system that you shared. Thanks again and I hope to see more posts from everybody in this thread.Ignored
DislikedTruth is you can't take a partial profit because in the long run it will cost you more.Ignored
DislikedCgrey, because of the 9 pips rule I did not trade today. Are you planning to change your thinking on this new rule in light of today's results going forward? I know the same rule would have saved you 26 pips on February 9th.
Kind regards.Ignored
DislikedLike Rasi, I did not trade because of the 9 pips rule...
Also, if we took the 1.00 candle we would have a short trade...Ignored
DislikedHi lousa,
You are correct about the 1 GMT candle. It would have been the wrong call today . Despite not trading today and not making any money, I am going to stick to the rules. I am sure such discipline will pay-off in the long term.
Happy trading.Ignored