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- #9,765
- Jan 26, 2024 9:10am Jan 26, 2024 9:10am
- | Commercial User | Joined Jul 2009 | 5,727 Posts
{quote} What is indicator setting?
- #9,766
- Edited 9:41am Jan 26, 2024 9:14am | Edited 9:41am
- | Commercial User | Joined Jul 2009 | 5,727 Posts
{quote} Hi Gene Are closing each day, or letting it run. Thanks Steve
I may do manual adds to an open trade if I see an opportunity that would create more profit.
Since I am looking for swings I do not use TP, FSL, or TSL as I want to go from swing point to swing point.
If I just wanted to scalp a few pips from each entry than I may use them.
But at the present time I am just letting it run full auto from swing point to swing point and I may even let it stay open over the weekend and continue the following week.
I am using Marty as it helps for a pair to recover quicker if it goes into draw down because we may have gotten in just a little to early as we are not 100% correct on the entry all the time. So using Marty is up to you as it creates more trades and may increase your draw down. This is all part of your money management which is entirely up to you as to how you want to play it.
The Manager and indicator are just tools to help you, its up to you if you want to use them.
As can be seen in the Stats below for 3 days so far there has been only 1 closed trade that had a loss. You can see some open trades are presently in the red and if I closed everything now they would be losers. But if I let it run over the weekend and continue next week these losers may turn into winners.
Of course your always going to have the basket pull back so if you have a big day you may just want to close down and take your money and run and do a restart the following week.
I always start at the beginning of the week and when I first start up it may take several days before I even get into a few trades as it all depends on just where each pair happens to be in its swing cycle as the Strategy Plyer does not jump into a trade in the middle of a cycle.
Also after you do testing for several weeks or a month or two you may want to check your Stats as there may be several pairs that do not perform well so you may just want to leave them out of your basket.
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