DislikedHello guys. At first I would like to thank to TooSlow for sharing his system. I have heard a lot of great references to this system from few people, and also this thread is the proof also. I tried to write EA for this, but it ended with bad results. Equity were going directly down. So I would like to ask you, what everything are you considering before entering the trade. I wrote EA exactly as pictures above describes, but for sure I will write it down here: 1) I check daily High and Low. If previous candle is above daily High (or bellow daily low)...Ignored
I feel there will be ways to cherry-pick the best set-ups but often it comes down to gaining experience of the surrounding market ''landscape'' and trader ''gut'' instinct. I know there are times when I will be faced with two set ups but know that one will have a better chance of success than the other, however I would genuinely be hard pressed to quantify why I can say that.
I do agree that it would be a good idea to trade the method manually for a while to get a real feel for how it performs and to understand the comments I have just made.
Good luck - and let us know how you get on!