@ T Oops sorry pressed the dislike in error ! - blame Billy. My favourite Eric song is Badge.
1
Trading Rules for die-hards... 47 replies
Trading Systems work for 6-12 mnths then die? 14 replies
5 Rules to Trade or Die By 5 replies
Trading Live Against The Beast--Gbd/Jpy--(Do Or Die)-- 3 replies
die young 8 replies
Disliked{quote} That sounds good Claudia. So you are willing to lose -10 on these breaks to make +20 but will also enter on the second break that happens right after if the first one fails? If the second break would have failed for another -10, entering a third time looking for +20? So you would be then i think -20 +20, so pretty much break even after 2 failed breaks for the day where 1 worked, maybe a bit under wanter if counting in spread/commissions. That would be still ok then i think. Maybe i should try that with the BillyBar instead of...Ignored
Disliked{quote} The highlighted bit is what I have been trying to say all this time. That I'm looking at DAX now is a bit of a coincidence. I used to look at the DAX more in the past.Ignored
Disliked{quote} Thanks. I checked the DAX and FTSEE for both breakout ranges, the "Not the Billy Bar, 07:45-08:00" and the "BillyBar, 08:00-08:15". There are quiet a lot of fails. From a first impression scrolling back manually both charts back to the beginning of the year that wouldn“t work out too well. Looking for either a fixed risk/reward ratio of 1:2 like TP=200 Points (20 Pips), SL=100 Points (10 Pips) or using the opposite end of the range as SL and look for a minimum profit target but then having a 2,3,4,5 times higher risk. Here the win rate would...Ignored
Disliked{quote} Morning, when u say checked, what do u mean exactly? How and what stats do you keep? I will need to look at my own stats to confirm, but I'm pretty sure a 10 pips stop loss on the DAX is very tight. You had a spread of 5 the other day, that means your stop loss is only 2x the spread. Also 20 pips on the DAX is not the same as 20 pips on the FTSE. Why choose 20 pips and not say 60 pips? (Legitimate question)Ignored
Disliked{quote} Good morning. Regarding to the spread. Yes, i wrote about 5 but that was wrong. Average spread on DAX i have 0.5-1.2 Pips. Same for FTSE. I checked for for two options on both instruments (DAX & FTSE) on the BillyBar and NTBB. Option A) SL = 10, TP = 20, Option B) TP = 5, SL = Opposite Low/High of the signal bar/range. I only manually looked over it without taking exact stats but roughly checked for the performance and it didn't seemed to produce better results than the BillyBar for GBP/USD would have done, even not for the latest weeks...Ignored
Disliked{quote} Thanks for your strong help. Yes. I did all the stats you talk of for the BillyBar. The +5 Pips is a good take profit target to keep the win rate high. I think Billy didn“t come with it for nothing. My own stats however do not include any further buffer than the raw 5 Pips counted from high/low. I think Billy's statistics here are collected for a minimum target of 10 Pips. I am not sure about his win rate he has here, i guess it is slightly worse than mine. I get something like 60-70% on average to hit the +5 Pips within the first break...Ignored
DislikedMaybe things are getting lost in translation, but it would seem you are missing the point of the help that is being offered. I'm confused as to wether you have or haven't collected the stats in the way I mentioned.Ignored