DislikedDear hzs10, Can you please help me understand your money management. I gather you use Fibo and that when the price reaches 150 you move the SL to 100. Where do you start in the first place? Pictures are welcome. Thank you!Ignored
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DislikedDear hzs10, Can you please help me understand your money management. I gather you use Fibo and that when the price reaches 150 you move the SL to 100. Where do you start in the first place? Pictures are welcome. Thank you!Ignored
Disliked{quote} Keeping all the parameters the same across all pairs are able to give the accurate final profitable % of this strategy. Critical thinking: Do you do that for backtest? Do you skip setup on Friday when doing backtest? Do you check important news and skip setup when doing backtest? If not, then why do you do that for forward testing? If you do that for backtest, then fair enough you can do that for forward testing. The true is how many make that extra effort to do that when doing backtest?Ignored
Disliked{quote} Yes I trade live as I traded on the backtests. Just to re-cap, I take every signal, I set pending orders at the high or low of the engulf candle and set SL at high/low and TP is 150fib, I do not care about any directional bias, I use a fixed position size on all trades, if a trade has not triggered and a candle closes beyond SL I cancel trade, if a trade is active and an opposite signal shows up but does not hit SL I close with a small loss, if a trade is open and I get a close beyond 1/2 way to 150fib I close and finally if a second signal...Ignored
Disliked{quote} Here is an example of how I bactested this The only remaining question, as I have stated previously, is how the profit to loss ratio will turn out, which I am live testing now. Chris {image}Ignored
Disliked{quote} One day, you will find out what is better. Maybe I will :-). BIgnored
Disliked{quote} Seriously!!!!!!!! This approach that HZS10 has put forward is so simple and requires zero emotion when traded. Requires zero decision analysis. Requires zero trade management except to move a SL to BE...not emotional at all I would say. I did a simple visual backtest as I described and erred on the side of the losses in order to keep emotion out of it, as a result my win percentages are actually lower than they could be with the steps I talked about earlier. But as we agree time will tell us both the answer. ChrisIgnored
Disliked{quote} It’s the same as the op/ hzs10 is using mate. Just the SL is extra 0.236 from the low or high of candle The secret to this system & all system is the money management / risk management. Happy trading edit (gbpnzd h4) {image} {image}Ignored
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