{quote} Please stick to the plan: No BUY trade after bullish bar. If you have an alternative strategy, post it in new thread, otherwise it may confuse us with the original post.
{quote} am not a coder that is why I cant try my ideas easily. this strategy might work or might not. but the idea is you are getting in front of a fast train. why don"t we just go with the flow? I mean, if we have this kind of big candle, why are we going against it... go with it.. my idea is if this pair has 110 pips of daily candle, if its bullish, maybe we can set a buy rather than sell. put the same tp, 20 pips. or whatever computations e had. it that case, we are riding the train and not going against it.. my friend Emi00 pls help me to code...
After some more time spent playing around with the basic idea here I am dropping it now, it is not worth the risks you are taking imho. When evaluating a potential strategy you always have to quantify risks compared to the reward. What do I mean here? When having a potential gain in a defined time period you have to consider the risks (in terms of amount and occurence!) in the corresponding time period to judge on its potential. Focussing on the profit factor alone wont do the job here as my following example using a method of mine illustrates quite...
