Hi Everyone
Just to see what you guys think of trading a system where you use the 7AM UK time bar as your high low and use the UK open to trade off that. I've gone back about 6 months and it seems to work very well. As I'm new to forex I'm a little unsure if I've back tested correctly. What I do is demo trade between 8-12 UK time to take 20 pips or sooner if I get 20 pips in first hour. I feel there is more to gain but not sure if to put trailing stops in or let the trade to TP. I would appreciate any advice from more experience traders that my help. Out of 97 trades I've seen 4 lossing days of 20 pips SL and 3 non trade days. Thanks
Regards
Gary A
Just to see what you guys think of trading a system where you use the 7AM UK time bar as your high low and use the UK open to trade off that. I've gone back about 6 months and it seems to work very well. As I'm new to forex I'm a little unsure if I've back tested correctly. What I do is demo trade between 8-12 UK time to take 20 pips or sooner if I get 20 pips in first hour. I feel there is more to gain but not sure if to put trailing stops in or let the trade to TP. I would appreciate any advice from more experience traders that my help. Out of 97 trades I've seen 4 lossing days of 20 pips SL and 3 non trade days. Thanks
Regards
Gary A