Hit SL -20.
Intresting finding or simply statistic: 5min candel 14 replies
EUR/USD 5min 4 replies
5min Bollinger breakout system 42 replies
Trendline, Trendline and Trendline 4 replies
EUR/USD 5min - Trendlines and Pivots 379 replies
DislikedIt depends not only in single trade but also in multiple trades. I'm trading this system too short and in too messy way to say something conclusive about Win/Loss or R:R. I'm rather trying to cut losses shorth, so I'm experiencing rather low win ratio, but wins are larger than losses. I prefer to close the trade if it's not going into my desired direction.Ignored
DislikedThe system is simple and interesting. However since it is based on 5 min charts you will get burned out often.
Here are my tips:
1. Make sure RR is better than 1:1
2. Don't trade during Asian market unless there is good trend in place
3. Best time is during London session when market makes most of it daily move
4. Take the concept and apply to higher timeframes, 1hr is much better imo
5. Stick on 1 pair, EURUSD preferably since it usually have tightest spread
6. Take higher timeframe into consideration and not just rely on MA crossovers...Ignored
DislikedThe system is simple and interesting. However since it is based on 5 min charts you will get burned out often.
Here are my tips:
1. Make sure RR is better than 1:1
2. Don't trade during Asian market unless there is good trend in place
3. Best time is during London session when market makes most of it daily move
4. Take the concept and apply to higher timeframes, 1hr is much better imo
5. Stick on 1 pair, EURUSD preferably since it usually have tightest spread
6. Take higher timeframe into consideration and not just rely on MA crossovers...Ignored
DislikedGood you had the guts to do so. On the other hand, have you thought about another "trend indicator"? Other than MA cross? It's sooo laging.Ignored
Dislikedshort order pending just below 1hr rising support.
Attachment
#order cancelled as new set up forming.Ignored
DislikedIt was clearly about to happen (breakout to the bottom). But I'm not trading today, made some bad trades yesterday, waiting for recovery.Ignored
DislikedGood idea. I think this strategy makes it quite easy to reenter when trend returns after retrace, so it's quite safe to jump out of the train when it stops, you can still catch it as it resumes journey
Where is your SL now?Ignored