Hello, just discovered this thread today, loving the concept!
I didn't trade it, but looking back I believe on 3min MCL there was a very nice trade to be had just a couple of hours ago. I think I would have gotten the entry right but please let me know if I am missing something. Cheers.
Hello, traders! I'm very interested in this strategy. I don't have much trading experience, so I will stick strictly to what's written in the first post of this thread on the forum. I've decided to try trading on a prop account. The first day showed that the system works, but there are still many nuances for me that I haven't figured out yet. The win rate was 52.9% (9 trades out of 17). I managed to earn $163. But I realized one mistake: I made trades without following the rule of the 7 and 20 EMA crossover. I’ll work on correcting that!
I have a few questions:
I still don’t fully understand how to properly set stop loss and take profit. Maybe the Pipfinite indicator can help with this, but for now I’m trying to stick only to the files from the first post.
On days with a lot of news, is it better to avoid trading? For example, Tuesday (July 15) looks like it’s going to be very volatile.
