It's related to the pip value (PV) Say you are trading the GBPUSD. And you buy one standard lot of the pair @ 1.5000. Then your PV in USD is 0.0001/1.5000*1*100 000*1.5000 = 10 USD. Given that EURGBP = 1/1.125, then your PV in EUR is ...

As Intu noted, your test results say explicitly that you have losing trades.

mikkom and others: what's your experience from going live with systems that looked promising from testing?

True.

Question 1 (cyan): For me to consider a .00 line as an S/R I require that the price has been very close to the line or even touched it and been slightly through and then gone back. It's not enough for me that price has been there with the ...

Thank you for your answer. I'm afraid I might have been too unclear in stating my questions. The X's are just the liquidation points at which all positions are closed and have nothing to do with my questions. My questions are asked with a colored ...

Here's another H4 take with different market condition than that above: Normalized pips roughly adjusted for slippage, spreads, etc: 840. I also added two questions with illustrations in the chart for you to answer.

Here's another take on the H4 TF with .00 entries: The rules are the same as before: We enter 2 positions per new breakthrough, both with 100 pips SL and one with 100 pips TP and let the other position flow. When the other position reaches 100+ pips ...

This is an eye opener.

Thank you

Yup. One just has to remember the relationship: Stop Loss * Pip Value = Risked Amount. Pip Value is a function of lot size. If you want to risk the same amount, but need to adjust for higher stop loss, then your pip value (and therefore lot size) ...

My intuitive take on this is that we have to assume how prices are distributed. Given a distribution we have a characteristic function. Then we can use a cumulative distribution function and a probability density function to represent probabilities ...

Just Do It, yes, just do it

Explaining "normalized pips" I used the phrase "normalized pips" in my previous post and would like to elaborate on its meaning for those who may be unsure of it. Assume that two traders net the same amount of pips. In order to know who had the ...

This is my intuitive take on .00 entries on the H4 chart: First I recognize a .00 first time resistance (FTR) or first time support (FTS) by that price closes right above, on or below. If it does so in a range it is an FTR and also a range ...

This is an awesome thread. Not only thanks to pipEASY, but to those who came with interesting questions and input. I hope pipEASY leaving teaches someone a lesson. If anyone makes it about the last post he responded to, they are missing the big ...

You can get 5 sec charts from Oanda: url

I was just writing "I'm still in, floating a few pips above." when my 0SL was hit. So I'm out too. There was a lot of bouncing forth and back:

It's so relaxing with the 0SL

Entry @ 1.30182 on the London opening. Currently at 20 pips in the plus.