Big players and Forex 4 replies
DislikedCongratulations and much respect to those who held tight. We have arrived. We now reached a whole new galaxy with this 400 pip profit. I just simply have no words for this. I just don't know what to write now.Ignored
I asked earlier but the question got missed. Why 400 pips. Is there a particular reasoning behind that?Ignored
DislikedHello thread, hey tony, thanks for this stuff.
By looking at the introductions i dont really get how to manage the exits? And also, is there any chance to get 5sec charts on another broker than oanda in MT4?
DislikedI know how it feels man, but nothing to do, there will be other timesIgnored
DislikedI hear ya. I got in late, then stopped out early cuz I moved my stop up.
Live and learn I guessIgnored
DislikedI suggest an entry on the first 5pip/5sec candle during the beginning of the opens only. No 2nd attempts.Ignored
DislikedCould you clarify a bit, at my understanding you enter after the first 5 sec bar (at the market opening) at the direction of the bar. What is 5 pip then in the "5pip/5sec"? The bar has to be at least 5 pips between Open and Close, or 5 pips between High and Low, or something else? -- thanks.Ignored
DislikedSlippage is a big factor for me (Pepperstone) that seems to make this strategy less profitable than it's potential. Other than that the EA trades flawlessly - I trade live the London and New York open only.
I would suggested demoing your current opens/closes for a couple of months then making a decision based on that. (Although you probably need 6-12 months of demo to make a proper decision)Ignored
DislikedAttached, a little excel sheet to understand the potential of Tony's system.
As you see, a drought of 100 losses makes life very difficult.
What is the longest drought between 300 pip wins?
Only a concerted back test will tell. I would appreciate any and all comments on this.
DislikedYour 3% risk is too high. I believe Tony risks 0.7% and I'm not sure even that level is recommended for novices.Ignored