DislikedLong Audjpy this is long term long position. i dont reallie like this much. waiting time is too long {image}Ignored
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DislikedLong Audjpy this is long term long position. i dont reallie like this much. waiting time is too long {image}Ignored
DislikedLong Audjpy this is long term long position. i dont reallie like this much. waiting time is too long {image}Ignored
DislikedFolks, i will share with you my results for April so far. This is not a show off, since is not empressive as hell. This is just the power of MM and RM. That`s why is 1:3 RR is so important. Profit Trades overall (% of total) are just about 41.46%. But your account is f*cking growing. And that's all that matters! Imagine doing this day by day, where you will end, he? Be consistent, believe in your self and you will succeed. {image}Ignored
So this should once and for all reveal if trading this strategy 100% as OP described it in post #1, will be able to make the profit.
This will be a pretty exiting experiment and I will share it here. The work will take place the coming days until New Year.
Give this post a like if you will follow the work.
DislikedI just had an idea. We often ask if a strategy works. I will test it by building a test robot. But I will not just put on the robot blindly to some pairs - as we normally does. I will search forex pairs and find some time spans where there were a steep trend on H4. I will attach the robot to that exact time span to see if trading the strategy would have been profitable. I will trade on H1 and M30 and I will test with R:R 1:2 and 1:3. So as I would in real trading find the trend on H4 and trade on lower timeframes. So this will be cherry picking...Ignored
So it is hard work to be profittable by this strategy, but it can be done. If you are good at finding trends on H4 you can make money on H1. But if you choose the wrong signals on H4 you will lose.
Of cause you can trade the trends directly at H1 without H4 - as OP suggests, but identifying the trend on H4, then you have a much longer timespan to trade.
So the challenge is the usual. How do you find the start of a trend. I will suggest the cross of Moving averages on H4 where you can trade the first pullback. As exit I would investigate use of the Heiken_Ashi_Smothed indicator in stead of R:R or as a supplement.
But - I am a lousy manual trader and catching the beginning of a trend is hard for a robot, so I will not go any further with this project.
Disliked{quote} You don’t learn what you need to know, that way. To learn what you need to know, and to understand why professionals have been using this system and variants of it for more than a century, you need to test R=0.75 and R=1.0. This is far more instructive and interesting (and beneficial!).Ignored
QuoteDislikedSell: Price is under the 100EMA, you place a sell order under the green candle.
DislikedI don't trade according to the 100 strategy anymore, I like to look for the exhaustion candleIgnored