DislikedHear, Hear.
I'm just new to this trade - but I'm wondering if setting a smaller reversal Stop would capture more profit in a ranging situation?Ignored
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DislikedHear, Hear.
I'm just new to this trade - but I'm wondering if setting a smaller reversal Stop would capture more profit in a ranging situation?Ignored
DislikedYeah, and it is really easy to say I should have done 'this' at 'that point' once the pips have passed... [ one of my specialties ! ]
It will be interesting to look into this further and play with parameters to see if it is possible to develop a strategy that actually 'likes' the whipsaw...Ignored
January 2007 to today: +6439 pips.
If you read this thread, you will know the keys to make it work:
My settings are SL=-40, no TP, max trades/day=2. Plus, on non-reverse days, I will carryover a profitable trade and open a new position (double down) and reset the SL on both.
DislikedYes it has been ugly the last few weeks.
My last 4 weeks of live trading:
- -265 pips
- -207 pips
- -94 pips
- +255 (this week so far)
January 2007 to today: +6439 pips.
If you read this thread, you will know the keys to make it work:
- it works best on G/Y (I have not personally tested other pairs, nor have I read any success stories with other pairs except maybe G/U)
- it only works in a trending market which it hasn't been recently
- Money management is the key. Don't be putting alot of money on the line in a ranging market. Put more money in when it is trending.
My settings are SL=-40, no TP, max trades/day=2. Plus, on non-reverse days, I will carryover a profitable trade and open a new position (double down) and reset the SL on both.
Ignored