Hi FH
Eventually I worked through all of the 174 pages. Found everything interesting and would like to suggest the following. I thought - how can you ride the long trends with this system, to make up pips for the times PA goes against you?
With every trigger you open 2 orders.
1st order has SL 30 and TP 30 (you can make this what you feel suits you)
2nd order has SL 30 - TP is only triggered (manually) when the price breaks a CZ (in the future) in the opposite direction.
See the attached chart where I tried to explain it. In this example 3 sets of trades (6trades) where opened every time price broke the CZ (2 bars closed below)
Every 1st trade hit the 30 PIP TP = 90 pips.
As soon as 1st trade hits TP the SL of 2nd trade is moved to BE.
All the 2nd trades stayed open until the price broke the CZ in a opposite direction. OrderSet 1 = 133 pips, OrderSet 2 = 97 pips and OrderSet 3 = 88 pips ----313 plus 90 = 408 pips out of this trend.
I manually back tested this strategy for May (E/U and B/U). The results:
If you trade the 1st BO per CZ - EURUSD = 749 pips GBPUSD = 867
If you trade the 2nd BO per CZ as well - EURUSD = 110 pips GBPUSD = 418
If you trade the 3rd BO per CZ as well - EURUSD = 18pips GBPUSD = 9
2171 PIPS 2 currency pairs 1 time frame (15m)
And who are the people saying this system does not work????
Regards
Eventually I worked through all of the 174 pages. Found everything interesting and would like to suggest the following. I thought - how can you ride the long trends with this system, to make up pips for the times PA goes against you?
With every trigger you open 2 orders.
1st order has SL 30 and TP 30 (you can make this what you feel suits you)
2nd order has SL 30 - TP is only triggered (manually) when the price breaks a CZ (in the future) in the opposite direction.
See the attached chart where I tried to explain it. In this example 3 sets of trades (6trades) where opened every time price broke the CZ (2 bars closed below)
Every 1st trade hit the 30 PIP TP = 90 pips.
As soon as 1st trade hits TP the SL of 2nd trade is moved to BE.
All the 2nd trades stayed open until the price broke the CZ in a opposite direction. OrderSet 1 = 133 pips, OrderSet 2 = 97 pips and OrderSet 3 = 88 pips ----313 plus 90 = 408 pips out of this trend.
I manually back tested this strategy for May (E/U and B/U). The results:
If you trade the 1st BO per CZ - EURUSD = 749 pips GBPUSD = 867
If you trade the 2nd BO per CZ as well - EURUSD = 110 pips GBPUSD = 418
If you trade the 3rd BO per CZ as well - EURUSD = 18pips GBPUSD = 9
2171 PIPS 2 currency pairs 1 time frame (15m)
And who are the people saying this system does not work????
Regards