I had another thought about a possible error in my original analysis.
I used the 2 pip SL in my previous analysis. This of course did NOT include the spread. The problem with this is that the totals at the top of the sheet also do not include spread losses.
In that sheet there were 66 times the 2 pip SL was hit, for a total of -132 pips. The EURUSD spread for Oanda is usually 1.8 pips at that time of day. If you round it to 2 pips, then the -132 should be -264 for the year.
Even at -264 pips you still have +656 pips for 20 pip TP level, and still very profitable for other TP levels. That's over 50 pips per month average.
But remember my disclaimer: my analysis might be completely wrong, there's just no way to know. So I'm not responsible - in fact, I'm completely irresponsible, just ask my wife.
Mega pips to all!
Roll Tide!
I used the 2 pip SL in my previous analysis. This of course did NOT include the spread. The problem with this is that the totals at the top of the sheet also do not include spread losses.
In that sheet there were 66 times the 2 pip SL was hit, for a total of -132 pips. The EURUSD spread for Oanda is usually 1.8 pips at that time of day. If you round it to 2 pips, then the -132 should be -264 for the year.
Even at -264 pips you still have +656 pips for 20 pip TP level, and still very profitable for other TP levels. That's over 50 pips per month average.
But remember my disclaimer: my analysis might be completely wrong, there's just no way to know. So I'm not responsible - in fact, I'm completely irresponsible, just ask my wife.
Mega pips to all!
Roll Tide!
Luck occurs when preparation meets with opportunity.