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Multiple daily breakout

  • #41
  • May 13, 2020 8:28pm May 13, 2020 8:28pm
Please ask yourself the right questions and goals.
When should we allow the deal to stay open for more profits?
When is the best time to stop trading?
When to use only one order?
  • #42
  • May 14, 2020 1:24am May 14, 2020 1:24am
Quoting mahanfx
Please ask yourself the right questions and goals. When should we allow the deal to stay open for more profits? When is the best time to stop trading? When to use only one order?

the advice is to practice this system. use the previous candle as a stop. and as a profit itself. don't touch them and add new trades every day. pending orders that do not open must be eliminated at 21:00 GMT. give it a deadline.
  • #43
  • May 14, 2020 1:36am May 14, 2020 1:36am
timing issue. in my time zone, the new daily candle is created at 23:00. therefore all pending orders must be eliminated within that hour. the new min / max orders must therefore be entered after 23:00. because is night, I wait for the following morning to insert the new pending orders. in this way you lose some entry trades.
  • #44
  • May 14, 2020 12:59pm May 14, 2020 12:59pm
@Lukeit
How long have you been trading this system?
  • #45
  • May 21, 2020 4:19am May 21, 2020 4:19am
Quoting kingpat
@Lukeit How long have you been trading this system?

2 months. as other users have written, the method is too primitive. other ideas need to be implemented.
  • #46
  • May 21, 2020 3:23pm May 21, 2020 3:23pm
Quoting lukeit
{quote} 2 months. as other users have written, the method is too primitive. other ideas need to be implemented.
Were you disappointed with the great loss after two months?
Please excuse the bad English via Google Translate.
  • #47
  • May 22, 2020 8:07pm May 22, 2020 8:07pm
I think this is a great way.
But it needs to be more complete.

The basic questions you need to answer:
- When not to trade?
- When to have just one order?
- When not to close the deal?(Grow for profit)
  • #48
  • May 23, 2020 12:42am May 23, 2020 12:42am
Quoting lukeit
This is a new strategy that works good. the operation is simple. take some pairs and set them to daily timeframe. we observe the candle of the day before . 2 pending orders are placed at min / max. max will be BUY, min will be SELL. stoploss wil be the range price about the day before. example. if the day before has built a candle about 50 pips, my stoploss will be 50 PIPS, and the take profit idem! (50). tp must see equal stoploss ever. after this, we wait if the price will touch 1 of these orders. you can set this strategy for 4-5 pairs every...
nice , subscribed
  • #49
  • May 23, 2020 3:06am May 23, 2020 3:06am
Quoting mahanfx
I think this is a great way. But it needs to be more complete. The basic questions you need to answer: - When not to trade? - When to have just one order? - When not to close the deal?(Grow for profit)
Any ideas?
Please excuse the bad English via Google Translate.
  • #50
  • May 23, 2020 7:21am May 23, 2020 7:21am
hi, i appreciate idea. It could be interesting to code an EA to implement strategy. anyone does start it ?
thanks
  • #51
  • Last Post: May 26, 2020 10:34am May 26, 2020 10:34am
hello, today is a nice day with their strategy. almost all trades are great in plus
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