JJ,
Do you put on only one trade a day, win, lose, or draw?
Do you put on only one trade a day, win, lose, or draw?
My Fix Plan: SL 20 pips & TP 5 pips 4 replies
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spread on GBP/JPY @ alpari is 12 pips intead of 7 pips they claimed to be 6 replies
DislikedHate to interrupt but starting out with a 20tp and a 30sl is setting yourself up with a horrible risk/reward ratio. I would suggest swapping those two numbers, but hey what do I know.Ignored
DislikedHate to interrupt but starting out with a 20tp and a 30sl is setting yourself up with a horrible risk/reward ratio. I would suggest swapping those two numbers, but hey what do I know.Ignored
DislikedThat depends on how accurate your system is. I would love to go for 90 pips and 30 s/l , but it may happen once the whole month or none at all. Many times price will not go past 30 pips, where I get in at. I moved my t/p of 25 now, but 20 is a little more safer. With the pound a s/l of 20 would be ridiculous, with the method I am using. I don't care about r/r so much. As long as I finish my month in profit.Ignored
DislikedI don't know much about short term systems like this, as I trade on longer periods. Your results seem pretty good so far, a high accuracy, but how long will that last? Will you be able to survive a long string of failures? Will you be able to identify unfavorable market conditions and not pull the trigger?
However, I don't really understand your methods so maybe i'm barking up the wrong tree.Ignored