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Disliked{quote} Sorry, I should have probably said 5 wins, 2 losses. Following the overall trend is a must. Price action also shows the way but on M5 chart candles are unreliable. I use M15 or m30.Ignored
Disliked{quote} Yes. Taking in mind the current 100 Days ATR of 70.4, you'd be brave to go for the 20. Your opportunities are limited and not within your decision making control.Ignored
DislikedHi Fxmd, Thanks for sharing your strategy, I went through a lot of days to find out how it works for me and generally the results are positiv but just 1 or 2 more wins than losses. Would you mind to explain a bit more how you are using the additional filter you mentioned in your description, like channel, formation etc.? I included one example from Oct. 4th in which I marked the 5 losses in orange and 6 wins in green. Thanks a lot. /Martin {image}Ignored
Disliked{quote} Sorry, old thread. I just studied your attachment here and noticed why your wins were only marginally larger than the number of losses. You need to have a buy or sell bias with this strategy based on market direction. That's the hard part, deciding what way the market is going and only entering trades where a bearish candle crosses a .000 line for a SELL in a downtrending market. I saw the first two trades were BUYS and then the second was a SELL (which lost) but at that point if you stuck with only SELLS you would have done better. I like...Ignored