Disliked{quote} hey pipmunks, thanx for the additional info. I've done some back testing just on the H4 charts of a few pairs (AUDUSD & EURUSD) and am struggling to see how it is a profitable strategy, as the ranging periods wipe out the profits of trending periods. Am i missing something, or should i be filtering out ranging periods ? I'm not even at the point of drilling down to M15 yet, so any help would be appreciated.Ignored
I know there will be choppy period. You can try to filter it with 1-2-3 pattern or anything that suits you. If you filter trade, you'll take less setup & your hit rate will improve, that's your choice. As long as you keep the losses small & catch a few runner, you'll be profitable in the long run.