After reading the thread, I decided to trade this strategy.
And here is my plan.
Time: London session.
Pairs: Any pair with spread <= 1.5
Number of trade: One trade per hour, if there is more than 1 potential trade, I will choose the most likely to trade
Position size: Fixed lot size (0.1 lot for 1000$)
Entry trigger: 123 rule
Filter: 5 consecutive HH or LL bars (including the trigger bar)
Stoploss: same as hal7 (high+5 pips for sell and low+3 pips for buy)
Exit: TP 80% at 5 pips and start trailing 10 pips for the rest 20%.
I hope to have some comments from you guys for improvement. The only thing I'm worrying here is avoiding freighting train. Do you have any advice. Thank you
And here is my plan.
Time: London session.
Pairs: Any pair with spread <= 1.5
Number of trade: One trade per hour, if there is more than 1 potential trade, I will choose the most likely to trade
Position size: Fixed lot size (0.1 lot for 1000$)
Entry trigger: 123 rule
Filter: 5 consecutive HH or LL bars (including the trigger bar)
Stoploss: same as hal7 (high+5 pips for sell and low+3 pips for buy)
Exit: TP 80% at 5 pips and start trailing 10 pips for the rest 20%.
I hope to have some comments from you guys for improvement. The only thing I'm worrying here is avoiding freighting train. Do you have any advice. Thank you
1
and fast price ) Today 3 enter positive. 
