Magic 100

Quoting Aliens

Disliked

When price riched TP1 you should break even your postion. and about your SL you should set it under the entry candle not lower that it. after that you can have more profit and also TP2 and TP3 and TP4

Ignored

Quoting youngjosh

Disliked

WHERE IS THE ADMIN?? ITS being long

Ignored

Quoting amir65

Disliked

{quote} But he said sl should not be below 20 pips

Ignored

Quoting le celte

Disliked

{quote} Hi, It's pathetic. Nothing is written in stone in detail. You have the heart of the strategy (ema 100, contrary candle). Then it’s up to you to have the talent and adapt to your feelings, your way of seeing the pair evolve Thanks jf

Ignored

Quoting le celte

Disliked

{quote} Bonjour, Admin? What are you talking about? Minotawr the creator of this site, is absent, would be sick And anyway he gave generously all the outlines of his simple and brillant strategy. There are traders here who are doing very well (not me). In addition they have the patience and kindness to explain to us how they trade. It’s up to you to play now. And if you can’t, or don’t like, you’re free to switch to another thread Have a good day and stay safe jf

Ignored

Quoting Minotawr

Disliked

EUR/GBP i am in this one. A small variation on setting the SL: if the initial bar is too small, i take a reasonable distance for the pair. Here is my SL about 20 pips {image}

Ignored

Quoting amir65

Disliked

{quote} But he said sl should not be below 20 pips

Ignored

Quoting Aliens

Disliked

{quote} i didnt see anything about SL and pips, set SL is desired but personally i set my SL below o above the entry candle, some times my SL was 5 pips but my TP was 25 pips so i got 1:5 in that trade, do not be afraid from SL cuz if you loss in one trade after that you will win in 2 trades. Here is my results on 28 pairs and got 300 pips till now from last night. as you see my balance isnt big but at end of the story and end of the day you will win cuz some pairs are in loss but most of them are in profit. {image}

Ignored

Quoting amir65

Disliked

{quote} hi.I took the SL for 20, but I did not succeed. I think it was because of the size of the SL

Ignored

Quoting tradista

Disliked

if you sell, your SL is on the high of the signal candle, if you buy your SL is on the low of the signal candle. You might want to add an extra pip or two or the spread value, for security if you think it might be taken out due to spread. Distance is a personal choice, see what your comfortable with, personally, I will not take bars that get me a SL higher than 15 pips (to allow room for a 1:3 RR on lower tf) nor will take bars (SL) lower than 5 pips (high probability of being stopped out).

Ignored

Quoting tradista

Disliked

if you sell, your SL is on the high of the signal candle, if you buy your SL is on the low of the signal candle. You might want to add an extra pip or two or the spread value, for security if you think it might be taken out due to spread. Distance is a personal choice, see what your comfortable with, personally, I will not take bars that get me a SL higher than 15 pips (to allow room for a 1:3 RR on lower tf) nor will take bars (SL) lower than 5 pips (high probability of being stopped out).

Ignored

Quoting amir65

Disliked

{quote} it's reasonable What is the meaning of return candlestick? Pin bar? Body?size?

Ignored

Quoting amir65

Disliked

from yesterday eur usd sl:20 tp:3 {image}

Ignored

Quoting tradista

Disliked

{quote} Nice! but if you'd used Minotaur's rules, you would have reached the 3R quite easily. {image}

Ignored