There is no holy grail in trading – only discipline, consistency and edge.
Rules based method based on zz, fractals, psar, and s/d 118 replies
EA based on indicator which changes based on numbers of bars 0 replies
Trading Price Based Charts Instead of Time Based Charts 1 reply
Price-based Vs. Pip-based 5 replies
This shows how sticking to the rules can help maintain calm amidst the chaos of price action fluctuations like this.
Disliked{quote} Hi Rishee, What makes you take this trade on us30. ? Looking at the chart it is on strong bullish and not much structure. Are u looking to ur left where u see a major support or resistance? Just trying to pick ur bainIgnored
Disliked{quote} For reversionX, we don’t rely heavily on traditional price action — that’s not the core of the strategy. That said, we do consider key levels like the previous day’s high/low and weekly high/low. When we say there’s “no structure” for a stop loss, we mean setups where the stop is placed on the same candle without any meaningful movement or structure — those are typically filtered out. I’ll try to share some examples to make it clearer.Ignored
Disliked{quote} Rishee thank you for ur explanation. Looking forward to see more examples. I got one more question. With this system it will most likely not to perform good on trending markets. Problem now i see is you may get a overall good trending markert in one of the session (asian, london or ny) and strategy will perform bad. So lets say we take 2 looses and decided to stop for the day. Then we may get perfect setups in the next 2 session and would have recover the losses or even gain some profit. How do you overcome this ? Do you stop for the day...Ignored
Disliked{quote} Hi Eskyllyer That move was bound to happen, especially with the New York open—you should expect volatility during that time. The best approach would have been to either secure profits or move your stop to break-even before the open. Still, setting a break-even stop is a solid risk management strategy.Ignored