TiKin.......
You are using the "Backtest" indicator which gives you a Fozzy signal one day late..............not a good idea!
This strategy does not have a closing "requirement".
I suggest you read more in this thread to learn how different traders use the basic Fozzy method. A very recent post by ByteBodger nicely outlines how potential Fozzy traders should approach this system. And a little reading in this thread shows how most of us have different strategies for using multiple lots; and "when to close" is still an issue for some traders.
Every trader needs their own set of very firm rules as well as backtest experience. Sorry if I sound like a broken record...............again!
One more thing.................I really like your avatar!
You are using the "Backtest" indicator which gives you a Fozzy signal one day late..............not a good idea!
This strategy does not have a closing "requirement".
I suggest you read more in this thread to learn how different traders use the basic Fozzy method. A very recent post by ByteBodger nicely outlines how potential Fozzy traders should approach this system. And a little reading in this thread shows how most of us have different strategies for using multiple lots; and "when to close" is still an issue for some traders.
Every trader needs their own set of very firm rules as well as backtest experience. Sorry if I sound like a broken record...............again!
One more thing.................I really like your avatar!
DislikedTo Experienced Fozzyes,
On the following USD/JPY chart, there was a signal to BUY on Monday the 11 June, but the market did not react for 48 hours to finally explode, we can also observe the same thing on the GJ and EJ as they keep on going (beautifull signals). I was wondering once you have cashed in some profit, do you usually stay in the market with a BE stop or does the strategy requires that you close all positions the same day. I am not talking about the EA but on manual execution. On the JPY have you stayed in from Monday on.
Thank you for a great thread and contribution
More than one point of view would be appreciatedIgnored