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Hi Big E,
Interestingly, I have also started testing your method on Daily TF and planning to do all majors for the period 2005 - 2010. So far I have tested EURUSD for 2005-2007 and got the following results :-
2005 - 9W 4L - 69% win rate
2006 - 11W 5L - 69% win rate
2007 - 10W 1L - 91% win rate
Though I got few number of trades on daily TF as compared to 4H TF however, the trade on daily runs as high as 1,000 pips but at the same time the proper SL could be as high as 300 pips. I am taking a comfort in the fact that if win rate is close to 70% on average the trader is far ahead in the race.
Looking forward the result of your testing.
Have a good weekend.
Hi Big E,
Interestingly, I have also started testing your method on Daily TF and planning to do all majors for the period 2005 - 2010. So far I have tested EURUSD for 2005-2007 and got the following results :-
2005 - 9W 4L - 69% win rate
2006 - 11W 5L - 69% win rate
2007 - 10W 1L - 91% win rate
Though I got few number of trades on daily TF as compared to 4H TF however, the trade on daily runs as high as 1,000 pips but at the same time the proper SL could be as high as 300 pips. I am taking a comfort in the fact that if win rate is close to 70% on average the trader is far ahead in the race.
Looking forward the result of your testing.
Have a good weekend.