Hi MaryJane,
Just wanted to thank you again for this fantastic tool, and your great generosity to share it for free, source code & all, so no fear of future expiration date. I tested it for 2 days on Demo and then went live Wednesday Asian session last week. What I like best is that it mimics Bill Williams method of being patient and putting on an initial larger trade when the chart you are monitoring presents a trade where you can take a low risk, high reward trade. Than as the trade progresses pyramiding your lower lot sizes, only after the market is moving in the intended direction, thus proving your initial analysis correct. The key is sitting on your hands waiting for the right opportunity, and then not getting greedy as your equity starts growing rapidly. Also I believe it is much more important in this strategy to cut a loser quickly if the direction goes against plan. One correct trade will make up for many small losers. I will let you know how it goes as I progress.
Just wanted to thank you again for this fantastic tool, and your great generosity to share it for free, source code & all, so no fear of future expiration date. I tested it for 2 days on Demo and then went live Wednesday Asian session last week. What I like best is that it mimics Bill Williams method of being patient and putting on an initial larger trade when the chart you are monitoring presents a trade where you can take a low risk, high reward trade. Than as the trade progresses pyramiding your lower lot sizes, only after the market is moving in the intended direction, thus proving your initial analysis correct. The key is sitting on your hands waiting for the right opportunity, and then not getting greedy as your equity starts growing rapidly. Also I believe it is much more important in this strategy to cut a loser quickly if the direction goes against plan. One correct trade will make up for many small losers. I will let you know how it goes as I progress.
“The waiting is the hardest part” Tom Petty
3
