Good to see this thread back again
gtrade im in London too
gtrade im in London too
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DislikedPulus Said
you should be taking signals at the end of the day I take mine at 9pm uk time 21 hours into the day
Once the Daily candle has just 3 or 4 hours to close..
i think it's high (in case of short ) is already formed.. also the colors almost is done.. unles the last 3 hours change the day ups & down
i hop is clear.Ignored
DislikedHola,
I like this system, thanks for posting, i was just demo-ing it for the first time tonight and realised that the spreads are (of course) much wider at the end of the day.
It's about 10pm GMT as I type this and have just been hit with a 16pip spread (SAXO BANK) on EUR-AUD which was my only entry for today. That's about 5% of my take profit level. Yuk.
Anyway, just thought I'd add this thought to the melting-pot. (Just looked, up 50 pips already, nice!)
For the record:
EUR-AUD
Entry 1.9245 @ 22.15 GMT
Stop 1.8890
T/P 1.9549
Cheers
El ChocoIgnored
DislikedHere's A Short.
The Stop To Entry Is 490 Pips
70 % Of The 5 Days' Atr = 230 Pips.
The Risk Is 2.13 X The Take Profit
On 5 Trades Per Week With A 5% Risk Per Trade We Need
At Least 69% Wins To Avoid Neg Pips.
That Returns 0.4 % Per Week On Starting Capital.
At 90% Wins, We Return 8% Per Week.
Most Good Trading Systems At Best Average Out At 60% Wins.
If we get 60% wins then we need at least 1:1 risk which results in 5% per week.
Obviously, Not All Trades Will Result In Such A Disadvantageous Risk To Reward (as my chart example) And Your System Is Producing Good Positive Pips, So I'm Interested And Looking Forward To Seeing How Your Money Management Handles The Above, Paulus.
Once Again, Well Done For All The Hard Work.
I'm A Londoner; Where Abouts Are You?
Thanks,
Gtrade.Ignored
DislikedHi Paulus
Do you see any potential setups for tonight.
This is the only one I see but stoch is rather flatIgnored
DislikedAll sigs on chart for this swap AUDUSD
Using split TP the 2nd half of your position on signal A would of made you +1,1193 pips on using the sliding stop will post details once Ive complied the post
PaulusIgnored
Dislikedsorry for my countinous qustions..but i think its good for me and visitors..Ignored
DislikedHello,
Thanks for sharing your system,
Here is the EOD trading system expert advisor based on the EOD trading system.Ignored
DislikedI've made indicator. It shows arrows on signal bars.
Take a look and backtest manually. A lot of wrong signals as i seeIgnored