Results from today using the daily pivot bias would have been:
Frankfurt - Loss (Short trade)
London - Loss (Short trade)
Frankfurt - Loss (Short trade)
London - Loss (Short trade)
Screenshots of trades posted in Real time trades by realjumper 2 replies
High probability trade setups for day trades and swing trades 4 replies
Session Breakouts (3 Trades, 15 minutes a day) 73 replies
Script/EA to balance losing trades agianst winning trades 23 replies
Daily Trades = Lazy Trades Journal 7 replies
DislikedKeep an eye on the 7am with bias trades, they have done just about as well as the unbiased trades at 7 in all my testing.
Using "stop at win" with7am Biased and 8am unbiased trade for follow up if required shows good results. It wasn't on the spreadsheet but the results for that period were W28; L7.
strada.Ignored
DislikedHi Paulus, first of all why aren't you watching the tennis???? I'm just having a quick tension break after Murray won the 3rd set, it's a lot more stressful watching him than trading, that's for sure.
Absolutely no doubt about the scenario you portrayed as long as it's an instrument with reasonable results either way but I think you hit the nail on the head over the timescale issue, the trades could be a long time coming and I'd have to go out to work.
I'm going to have another long hard look at your original rules but using the 7am start with...Ignored
DislikedMorning JPR, may I ask how you place your orders. Are you doing them manually and your SL is that manual or do you put your actual SL into your order?Ignored
DislikedBias this morning from hour before to Frankfurt open is up. Using the daily pivot bias its down. Be interesting to see results this morning from both entries.Ignored
DislikedI do everything manual, call me a control freak but I need to be totally hands on with 1 min trading. If you give the broker your stop and price comes anywhere near it their deliberately stretched prices will pick it up, some do this by fluctuating the spread, others just by stretching to the extra price print. I'm not saying that any broker is hunting our little stops, their systems are designed to catch all wherever they can.
I never put my actual stop into an order, especially when it is as tight as we use on this. I do put a stop in the order...Ignored
DislikedOk thanks for input. Do you use any other systems on the M1 through the trading day?Ignored