New directions.
Happy trading
All trade in dd now.
1- use Stoch for entry
2- Define an Init lot size "0.01", define interval to add-up "1 or 2 Pips", define trail
3- When open pos strt gain the interval then add up more init size
4- Once the price retract for te trail value, bank the profit. and repeat....
for SL there is two scenarios 5 or 6
5- Put a fixed SL, almost very small. So loses will be calculated based on init size which is very small * SL. on the other hand profit to be based on greater size "multiply of init size"
6- Keep the lose pos, and let the size do the job.
I am trading in this way for a long time, manually. I think it made a good result. But it is not easy to manage it manually, and almost all failed trades are upon to my execution mistakes in manual trading.
Example:
init size of 1 S. lot, SL 5 Pip and Interval to add-up is 5 Pip
If the price travel for 30 pips before retracting for 5 pips = profit of 75 pip* init size (30+20+15+10+5-5)
On the other hand, loss trade = 5 pips
Means we need price travel for 30 pips before retracting for 5 pips, one time to recover 15 lose trades.
This last line is the main concept all other settings and methods can be enhanced upon try. I noticed that may be intersted in automating new ideas. I am not sure about the result, that also automation may make us sure. think about and let me know if you have any ideas to convert this into EA, if you are not mind, bro.
Hello I Created a expert adviser based on the stochastic. It opens a trade when stochastic and rsi is low or high. And when price is between maxprice and lowprice. latest version is Rijfie stochastic rsi 4 uur versie 001 test.ex4 font color (breakevenline) font/size (breakevenline) fictiveloss (can be used with martingale starts trading after 0-6 losses) balans (only buys when tradebalans is over balans) Maxprice (above this level no trade is taken) Lowprice (below this level no trade is taken) lossbeforetrading kperiod (RSI) dperiod (RSI) slowing...
Thank you.....
