DislikedPosting for posterity, may not see a week like that for awhile... {image}Ignored
Last Thursday and Friday I applied the facility to my trading and the outcome was sweet.
Thanks and stay blessed
For the op, you are appreciated man
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Simple Monthly System (see attached calculator) 48 replies
Excel simple risk calculator needed 10 replies
what if every free system is attached to a trading explorer? 28 replies
If it's such a great system, why isn't there a Trade Explorer attached? 261 replies
Simple Fx Calculator 1 reply
DislikedPosting for posterity, may not see a week like that for awhile... {image}Ignored
Disliked{quote} HI EREBUS can you help with this kind of fibonnacci toolIgnored
Disliked{quote} I hope this makes it clear.{image} So in this trade for Buy stop the TP is 62pips, SL is 71 pips. And for Sell stop the TP and SL are the same 62/71. So we have around 1:0.9 trade. I could actually make a tighter SL just to make it 1:1 because when I was backtesting there really wasn't a trade that was close call for the SL when it was a loss it went way beyond the SL. I'm not saying this is perfect but the proposal was too big of a gap between the TP and SL it was around 1:3. So I've put in the numbers in the fibo and TBH I really don't...Ignored
Disliked{quote} I hope this makes it clear.{image} So in this trade for Buy stop the TP is 62pips, SL is 71 pips. And for Sell stop the TP and SL are the same 62/71. So we have around 1:0.9 trade. I could actually make a tighter SL just to make it 1:1 because when I was backtesting there really wasn't a trade that was close call for the SL when it was a loss it went way beyond the SL. I'm not saying this is perfect but the proposal was too big of a gap between the TP and SL it was around 1:3. So I've put in the numbers in the fibo and TBH I really don't...Ignored
DislikedSummary of, manual and visual only, research for the week ending January 31, 2020. Looking at the 25% line to trigger a trade entry. On the 7 major pairs and 21 minor pairs there were: 4 pairs, no entry, EURCHF, EURGBP, EURJPY, GBPCHF 2 pairs, total stop outs, CHFJPY, USDCHF (gave opposite entry) 1 pair, AUDNZD touched the upper line, but seriously, they were the weakest currencies & I hardly ever trade this pair. Out of 28 pairs, 23 gave entry opportunity, 2 losses and 21 pairs with positive pips, how can traders ignore that? Some fantastic pips...Ignored
Disliked{quote} So I've put in the numbers in the fibo and TBH I really don't know if its % or what does the fibo show so I can't tell you other than put in the values I gave and try it out. And also back testing a strategy is one thing real live trading is a whole another thing, when trade management comes in to play. I'm sure I would move the SL according to market situation and also move around TP or give it a trailing stop etc...Ignored
Disliked{quote} I think this is a great idea as long as the Average Weekly Range still gives enough room to recoup the losses from the 1st trade and hopefully make some extra %'s on the other side. I think breaking even on the other side is awesome in itself. If on our bad trades, we can at least BE.Ignored
DislikedSummary of, manual and visual only, research for the week ending January 31, 2020. Looking at the 25% line to trigger a trade entry. On the 7 major pairs and 21 minor pairs there were: 4 pairs, no entry, EURCHF, EURGBP, EURJPY, GBPCHF 2 pairs, total stop outs, CHFJPY, USDCHF (gave opposite entry) 1 pair, AUDNZD touched the upper line, but seriously, they were the weakest currencies & I hardly ever trade this pair. Out of 28 pairs, 23 gave entry opportunity, 2 losses and 21 pairs with positive pips, how can traders ignore that? Some fantastic pips...Ignored
Disliked{quote} Hey buddy, how are you doing? Good to see you joining in here. Speaking of AWR, this is my chance to direct followers over to https://www.forexfactory.com/showthread.php?t=939778 Haven't used it myself, only working from a mobile MT right now ☹ but definitely great advice to be aware of both ADR and AWR. Now to your comment, given that this method doesn't give an entry until Wednesday at the earliest, any total reversal such as the USDCHF did, will hardly be completed by Friday, so this requires holding into the next week....Ignored