Don't believe everything that you THINK
BuyDips,SellRips Return This Week:
na
DislikedJust open up your data window in MT4 or MT5 and compare the 5 vs 10 MAs thereby confirming if there is a cross or not. Different brokers have slightly different prices and thus the EMAs although it shouldn't vary much compared to what time your broker starts the new day at.Ignored
DislikedMy observation of the entry condition of 1-pip is that I find that in my experience, that is too small of a tolerance. In no way do I mean this as a criticism of the method; I reckon it works fine. But I have seen time and time again, trades can be triggered only a few pips beyond a day that has just closed, and then totally reverse. This is not a problem if the trend is strong enough to continue the trend later on in the day. My criteria would usually be a percentage of the ADR as each pair is different or a lower time frame close beyond low or...Ignored
DislikedMy mouse is on yesterday's bar as indicated by the Date in the data window. MA(5) is 1.269090 vs 1.269640 for MA(10). So did it cross down? Yes, so I don't place the stop trade there. {image}Ignored
Disliked{quote} Broker effects. My broker data is slightly different. However since 5ema crssed belowb 10ema on your chart, wait and continue to watch out for higher high to generate your short entry parameters.Ignored
Disliked{quote} Yes definitely broker's feed and to a greater extent, the different time my broker crosses over to a new day thus affecting the daily bar's opening and closing prices. So back test using the data from your charts as you are relying on them for signals and entries.Ignored
DislikedOne bad trade does not invalidate PIPSACUMULATOR. The win rate is about 75% …Ignored
Disliked{quote} A 75% Win-Rate with a 3:1 Risk-to-Reward Ratio won’t take us anywhere … {image} What will the win-rate be if pipcumulator only uses TP2? Note: With 1:3-RRR, any win-rate > 25% will make the system a profitable one …Ignored
Disliked{quote} Definitely, and GOLD looks very tempting, with a daily Pin Bar as well I don't see any pending orders yetIgnored
Disliked{quote} Thanks for your beautiful analysis. My experience with trsdtra PIPSACUMULATOR is that most of our trades will not hit the 3:1 profit target. A large % of the winners may only return 0.5:1. These small wiins pay for the trades that end in losses. But it is few home runs that reach the 3:1 profit Target that brings the real profits. However with the 3.5% drawdown from yesterday,I have to reaccess the trade selection process. I need to find a way to identify only trades that have a greater probability of reaching the 3'1 profit targets. These...Ignored
Disliked{quote} May I suggest playing one trade at a time by maximizing the 1%-Risk? From my experience, multiple trades (of the same methodology) going for the same direction is more harmful to the account than beneficial when the direction suddenly changes like yesterday’s move …Ignored
Disliked… Am thinking of reducing the profit target to 2:1 and to use the full 1% on only one trade.Ignored