40-60 rule, Trader using trendline secret method

looks great

1 minute timeframe ?

100 pips a day would be great lol

Couple more hours on the 1 minute chart, paper trading again...
Results are as follows.

4 wins = 240 pips
5 losses = 200 pips
No BE trades
2 Re-entries...1 win 1 loss

Total = 40 pips
2 day totals = 160 pips

Todays trades ...

Chris

Just a quick question. you have the indicator and a simple rule. why don't you code that and see how much profitable it is? see if it hopefully Spews out 100 pips a day.

I had to only do a visual back test tonight...so I was able to cover a longer period of time.

Results
6 wins = 360 pips
7 losses = 280 pips
2 BE
several no trades

Totals = 80 pips

3day total 240 pips



Chris

nearly 100 strategies that you cant make work and now you want money jog on

ok

i will share

here are the rules

the rules are the same as before except i am on the 4 hour tf

i am using the weekly open , if the trend line break goes above it must be under weekly open for buy and if the trend line break goes below it must be above weekly open

i am using a 60 pip stop and 80 pip exit

if the price closes above or below the horizontal line exit

simple rules

good luck

here is EU trade but i may close because its end of the week now

have a look

you must avoid buying above weekly open

or selling below weekly open

Aaah - you have this strategy that can make money for fellow traders. But you need to have 25$ from them. That small amount would not be necessary if you had a winner strategy.

So - you don't. hahaha

use risk management

Saw this from this guy who traded binary options. quite good actually
(3) Free 30 Minutes Binary Option Strategy - Price Action Short Break Method. - YouTube

HA HA
9 years ago...wow
Did you get the e-book???

3 nice trades gold 1M tonight

Is this correct? kinda great strategy though. I want to know if you enter trade immediately when price break or wait for candle close?

Sorry, I forgot the 14 candle back rules, is this correct?

I wait for candle close
I draw the diagonal line from the lowest point in the last 14 candles

Got quick TP +60pips on M5 gold

I spent some time reading the whole thread, and surprisingly, many people criticize the system without even knowing how to use it. Some said it repaints — of course the ZigZag repaints — but the whole point of this system is simply to identify swings larger than 100 pips. That’s it.
You mark the high and follow the instructions. If price goes higher, then you just move the horizontal line to the new high and repeat the process. It’s not predicting anything.
The system is actually very solid.
It’s ridiculous to see people saying his trendline drawing method is subjective, lol. Someone even said, "Oh, ZigZag repaints, showing historical charts is EASY." Bruhhh… just try it yourself. Learn before you criticize.

I personally backtest it for some hours and looks really great. Thanks James. (My name also)

Today, I saw that this method was very novel, so I wrote a small tool to facilitate observation - ZZtrendline v1.