Dislikedhello everyone....I was reading through the thread and I must say I like what I see. Very simple to use. I do have one question after reading through all the threads. Does anyone have any opinions on ufgators post because it does make sense to me about trading with less that 2:1 risk vs reward. I was doing some research and it does seem that the professionals are around 50 to 60% right. When I did the math I came up with the following:
Entry with 2 orders
SL of average of 50 pips since it is different on each trade.
2 orders means I am risking...Ignored
my version of this method has a risk/reward of 1:5, ie risk 1, win 5
Sept, 12 trades, 6 wins, 5 losses, 1 BE, +25%
Oct, 12 trades, 3 wins, 8 losses, 1 BE, +7%
Nov, 9 trades, 5 wins, 3 losses, 1 BE, +22%
Dec (to date), 3 trades, 1 win, 1 loss, 1 BE, +4%.
All the above are my actual live account results...
hope that helps..
Grant