GBPUSD - This is like zero float entry from Trinidad to Philippine,much respect brother
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DislikedHey Sovy. It's kind of very confusing. Since your first post, are you constantly changing your own rules or mixing the system with something completely different? I would like to be able to follow you but I can't. Could your please repost your rules for the 15 min ORB reversal strategy and then stick to it. Are you sure you tested them correctly over a longer period of time? It honestly doesn't look like it to me. The rules I have tested so far have not been successful for me neither for EUR/USD, GBP/USD or Dax. I checked the last 3 months. I used...Ignored
DislikedGBPUSD - This is like zero float entry from Trinidad to Philippine,much respect brother {image} {image}Ignored
Dislikedhttps://www.tradingview.com/x/9ECpjHdq Euro +8 gmt asia open If at first you dont succeed, try again -1 -1 -1 +9 Although i only focused on +5. +2 trade. Rules 1. Measure 15m range 2. See breach north 15m 3. Sell position at .3 target 1.8 3 losses before it secured a x9 potential Trade within our 8 to 11 time frame.Ignored
Dislikedhttps://www.tradingview.com/x/9ECpjHdq Euro +8 gmt asia open If at first you dont succeed, try again -1 -1 -1 +9 Although i only focused on +5. +2 trade. Rules 1. Measure 15m range 2. See breach north 15m 3. Sell position at .3 target 1.8 3 losses before it secured a x9 potential Trade within our 8 to 11 time frame.Ignored
Disliked{quote} Hey Sovy. Hope you're doing well. If you are constantly changing the rules regarding stop losses, number of trades or TP then there is absolutely no point in following the system and personally I wouldn't call that a strategy and especially not a system. I don't want to sound know-it-all, but it seems like you don't really know what you're doing. First you said if you get stopped out you should wait for the next day, now suddenly you write to execute multiple orders per day/open. You can never have done even a remotely reliable backtest...Ignored
Disliked{quote} Another week, another new rules. Too much over fitting, that’s always the first sign of a failing system.Ignored
Disliked{quote} Well it doesn't say how many orders per day and if you have to re-enter per setup or not. It's a big difference risking 5% per stop for only 1 entry/order per day or risking 5% on potentially 30 orders because you trade 5 forex pairs for multiple openings/closing times.Ignored
Disliked{quote} You may have 100 pairs on provided you have less than 5% risk total. This is the art of trading and that is up to the trader. I personally don't open more than 4 trades at a time.Ignored
Disliked{quote} You you wrote in post 1: "As a general rule if your risk is more than 5% your capital per stop loss" But now you say "total". What is total? A day? So max. 5% per day and not per stop loss order. You have to be clear. It's important and makes all the difference. Forget about the art of trading and all that bullshit. Sure everything is up to the trader. So again why having a system if everything is up to the trader? I could a flip a coin and call it system, risking 5% today, maybe 100% tomorrow...Ignored
Disliked{quote} Who says this is actually true? See: https://www.schwab.com/learn/story/trading-near-bells „end-of-day trading tends to be dominated by institutional investors“ The opening times seem to be occupied mostly by retail traders.Ignored
DislikedRules 1. Measure the opening range (around 4.4 pips) 2. It first went south, so buy the 38% or 50% 3. Stop loss 4.4 4. Tp 1.6 level or 2.6 level or prudent 1 to 1 https://www.tradingview.com/x/oyhh0P2Q If you followed the rules, you may have earned atleast a 1 to 1 r for euro london opening range reversal. Rules 1. Measure opening range 9.2 pips 2. Went south so, buy on 38% or 50%, 3. Stop loss 9.4 4. Tp 1 to 1, or 1.6 or 2.6. This case only 1.6 https://www.tradingview.com/x/DvSX1Elx One trade. If it fails, discipline self...Ignored