Consecutive Candles Williams %R and Volume with 55EMA Baseline

Quoting salimc

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{quote} I blew many accounts for not using SL. At this phase, I am checking any system with SL. Because a system is successful only when it is with SL or that is not a system but gambling. Because young people who will be following me the next day will also not use any SL, the 3rd he will trade it in a live account and lose their money (as they have less patience at this stage, Once I was also like them). So whatever we do should be in a professional manner.

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Quoting aaven

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{quote} Salim, Yes. I agree with everything you say. My intention of my post was something else. Thanks

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Quoting cfudge

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Just a quick update, I have taken on copper 15min chart. Here are 3 trades that closed today from past few days, if I had used SLs I would have same amount of pips banked. Chris {image}

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Quoting cfudge

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Anybody get into these nice 5 min trades today? 4hrs...48 pips Chris {image}

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Quoting Go5

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{quote} I am testing M5 (gold) and it goes in profit but with a rather poor R/R of only 1.2 (since jan 15) - SL above arrow (I like to define my risk), exit trailing after 20/80 cross. Winners : 55%. Did you work out any stats for your type of exit?

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Quoting salimc

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{quote} Better you upload your chart with entry and exit. Thanks.

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Quoting Go5

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{quote} Two loosers and a trailed winner {image}

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Quoting cfudge

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Anybody get into these nice 5 min trades today? 4hrs...48 pips Chris {image}

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Quoting salimc

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{quote} for a better result, you should trade with the 15M chart. When you will get 80% win, then try at 5 min. With 5 min candle, the momentum is too short and even signal can go to the other way. A few days back I have uploaded a 5 min chart. In which it can be clearly seen that in spite of a valid setup the trade moved to the other way. take care.

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Quoting Go5

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{quote} I am testing M5 (gold) and it goes in profit but with a rather poor R/R of only 1.2 (since jan 15) - SL above arrow (I like to define my risk), exit trailing after 20/80 cross. Winners : 55%. Did you work out any stats for your type of exit?

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Quoting cfudge

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{quote} Hey Go5 Thanks for the test...I looked back over my 5min chart, it shows 51 trades where 38 were winners...or 74% and a total profit of 486 pips. This is since April 22nd 2019 Chris

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Quoting cfudge

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{quote} Hey Go5 Thanks for the test...I looked back over my 5min chart, it shows 51 trades where 38 were winners...or 74% and a total profit of 486 pips. This is since April 22nd 2019 Chris

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Quoting Go5

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{quote} I already tested the M15, hovers around 70% but with an average R/R of 1.0 - so the profit curve is certainly smoother. The next thing to find out, is if actions like moving the SL on a counter - arrow make sense...

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Quoting Go5

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{quote} Nice result, april was good! With my SL method I get 63% wins for 570 pips (46 trades). Other months however were not so smooth: {image} Can you say anything about your average/ max. drawdown?

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Quoting cfudge

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Anyone catch this...I was asleep. Chris XAUUSD 15 min. {image}

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