Joined Jul 2018
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Status: patience and discipline
|172 Posts
i been keeping this system for long... like i said,, its a good system and it gives me decent profits.... but the downside is its not perfect. it has losses.. which i really hate... i hate losses.... i dont know how can i filter the trades.
Joined Jul 2018
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Status: patience and discipline
|172 Posts
for the TP..im using a 10 pips TP... and for the SL... that the biggest flaws of this system,,, its bigger SL than TP.. cause im putting the SL at opposite end of the candle which broke the fractal
Joined Jul 2018
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Status: patience and discipline
|172 Posts
im posting this system,,, to ask for help.. please lets improve this system,.. what more do i need to do... and how can i fix that large loss if SL was hit. its like, im winning 5 in row but in just 2 loss trades,, all my profits are gone.
Joined Jul 2018
|
Status: patience and discipline
|172 Posts
additional note:
i only use the fractals above the daily open line for long and fractals below the daily open line for short... if the nearest fractal was use already. i never use the old fractal.. i always looking for the nearest fractal to be break.. if the nearest/ fresh fractals was used already.. im waiting for another fractal to form.
You should ask some coder to code your system into a simple EA, not for automating your trade but find optimized tp, sl and indis's input. I dont think you need any indi to filter your trade, keep it simple, you can use some indis like pivot, fibo, adr and trailling sl to find a proper sl and maximize your tp. If your strategy is profitable, even just for you, thats enough, dont let anyone bring you down. Good luck.
You should ask some coder to code your system into a simple EA, not for automating your trade but find optimized tp, sl and indis's input. I dont think you need any indi to filter your trade, keep it simple, you can use some indis like pivot, fibo, adr and trailling sl to find a proper sl and maximize your tp. If your strategy is profitable, even just for you, thats enough, dont let anyone bring you down. Good luck.
Ignored
Thank you! maybe there is some good coder that can see this post and help me out here..will see...
Things to consider to get more specific on entries or some variations.
1. on immediate break of fractal or 1 pip more?
2. on candle close that break the fractal?
3. on closed candle high low that break the fractal or 1 pip more? in this case one can have fixed 10 pips TP or rr 1:1 (candle high low) or previous historical fractal on the left.
4. retest of fractal break after candle close
Things to consider to get more specific on entries or some variations. 1. on immediate break of fractal or 1 pip more? 2. on candle close that break the fractal? 3. on closed candle high low that break the fractal or 1 pip more? in this case one can have fixed 10 pips TP or rr 1:1 (candle high low) or previous historical fractal on the left. 4. retest of fractal break after candle close
Ignored
hi! to answer your question.
1. im putting 2 pips from the tip of candle which has the fractal.
2. im setting a pending order so no need to wait for the close of the candle which break the fractal.
3. i dont wait for the close of the of the breaker candle... and there comes the problem.. the settings for risk management,,, i can set 10 pips TP but the SL is sometimes large because i put it on the tail of the candle that has the fractal.
4. nah,, im not waiting for retest.
nah,, dont have the fractal break indicator because i didnt trade all fractal breaks.. i only trade those above or below the daily open.. and besides i set a pending order on the nearest fractal... i move my pending order when a new fractal was formed.
