Old ways dont open new doors
Another simple breakout system 32 replies
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QuoteDislikedAnother nonsense system that's been done a thousand times and failed a thousand times.
DislikedAnother nonsense system that's been done a thousand times and failed a thousand times. Cherry picking results won't help you. GBPAUD in February was 11 winning days 10 losing days = -160 pips, that's without spreads.Ignored
DislikedAnother nonsense system that's been done a thousand times and failed a thousand times. Cherry picking results won't help you. GBPAUD in February was 11 winning days 10 losing days = -160 pips, that's without spreads.Ignored
Disliked{quote} with TP =2x SL your math its screwed up if you followed rules backtestingIgnored
Disliked{quote} You my man have just won the most helpful member of this forum award. Any ideas on how to improve the system? If not, please leave and do not return. I'm looking for adults who can help me develop this in to something worth using live. Are you down on the year, blow up another account? You sure as hell sound like it? Good bye.Ignored
DislikedYes Stevox, it's something they don't really understand, price will often move 30 each way, which is then -60 pips, they probably think if it moves 30 one way then 70 the other it's a winner, when it isn't, it's a losing trade. It's so simple to backtest and prove it's a ridiculous system, adding indicators and all that other junk won't make it any better, if you learnt to read the charts rather than looking for a quick and easy winning system (there isn't one, by the way, if there was the markets would collapse) then you might stand a chance, rather...Ignored
DislikedThe idea behind this simple strat is price tends to makes it's biggest move during the London session. Price also tends to move at least 100 pips during a trading day or two. A lot of volume enters the market right at Londons open, swings are normal but the trading days direction is "usually" determined within a few hours and 20-60 pips. Let's be honest, a 10-20 pip swing is nothing during a trading day. If you don't like the idea or think I am wasting your time, leave and don't come back. If you think this might have potential and are willing to...Ignored
DislikedI think the every breakout system is not so perfect, but it is really profitable if we can do it properly and luck help us. If we can add the strategy with any busket type strategy then it would be more profitable. Its my own opinion. Hope for the best.Ignored
DislikedRespect -> Hanover: Daily Line Boxes will allow you to draw/color code a 24 hour period: http://www.forexfactory.com/showthread.php?t=256848 Attached GIF is an example. EUR/USD Monday 2016-3-14 4 am EDT You can see a sell taking profit 75 pips away. Could use 37.5 pips as the SL. Could re-enter on the retracement in the direction of the retracement....only in direction of retracement .... or could do both directions like the initial trades. 1st Trade Net 37.5 pips: Buy Loss -37.5 pips / Sell Take Profit 75 pips 2nd Trade Net 75 pips:...Ignored