DislikedI have been a proponent of the H4 TF but if we are going to only use the 1,2,6 progression (without the 4th progression) I am beginning to like the H1 TF. More trades and the smaller bands (most times) allows faster closing which should avoid more of the runaway trades.
Also if we do get the runaway trades, with only 3 progressions, the drawdown will be much less and easier to hedge or back out of.
Do not which is best right now but everyone can contribute their results.
Dave R.Ignored
I reckon that with the pair filters in place, the 1.2.6 progression could be profitable by just taking the hit. I've got 2 hedged pairs on the H1 right now, which if I close out maually will take 3/5 of my profit from the last 2 days. (which still leaves me up £100 on micro lots ).
I have to admit, I'm getting a bit of a mental block with the changes I'd proposed to hedging so I'm going to park that for now.
In fact, the more I think about this the more I feel that really, we should be looking at filters which restrict us to higher probability trades and just take the hit when a runaway occurs. (Of course, manually, you can still do what you like with these trades)