DislikedHi Dee50,
Can explain the pips column?
Is the B/E column meana you move stop to B/E after prices goes #pips in favour of the trade?
Is this only for the H1 trades?
Thanks.Ignored
B/E column identifies point at which stop moved to B/E. This figure is based on a minimum 15 pips upto 50% of stop loss.
Stop column identifies size of stop loss. Figure is dynamic and stop is placed at nearest swing point upto a maximum of 50 pips.
Retrace column identifies how much price retraced beyond the entrypoint.
So far this is only for H1, I am continuing the analysis, it is time consuming and 30 trades are not enough to base anything on. I am also going to do this exercise for the 15 min chart.
But even with only 30 trades the information gained has been interesting.
Not one trade stopped out for a loss.
Only one trade retraced within 5 pips of my stop.
Only 4 trades initiated at market open 09:00
5 trades stopped out for B/E
Average profit is 41 pips (My time scale and Style)
Although this is time consuming I recommend that everyone do this because in doing this I also reviewed my trades in detail, i effectively replayed each trade more or less pip for pip. I review my trades each day normally but not to the same extent as this.
Hope it helps
Cut your Losers short and let your Winners run.