on long trends the strategy not working.
make huge float loss.
make huge float loss.
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Dislikedfrxdhs, Let's look some real Facts first, you have a less than 600 USD Account Balance, you decided to use a Lot Size of 0.05 per trade, you decided to enter the quantity of trades based on what reason (unknown factor), and you kept adding trades to incur a higher Drawdown at your your decision. So, how does a Long Trend become the issue ??? Unclear to me BUT I see a Human making decisions and then wants to blame the Market when the Trader does NOT understand how the Market works, mmmmm, maybe a little more understanding is needed on Market Behavior,...Ignored
Dislikedon long trends the strategy not working. make huge float loss. {image}Ignored
I don't see any magic here, but just a simple way to accumulate the best possible prices before the price reverts to the mean.
See the image of price entries I made, and exit. If something isn't right, just criticise please. Market is still by far the most brutal critic, so nothing is taken personally.
Dislikedon long trends the strategy not working. make huge float loss. {image}Ignored
DislikedIf something isn't right, just criticise please. Market is still by far the most brutal critic, so nothing is taken personally. {image}Ignored
DislikedHi everyone, I enjoy this system, as a baseline. I am silently watching the posts, while trying to learn this approach. So far it is working, I even built a trading panel, to adapt over this, which helps to manage the trades with keyboard shortcuts, alerts and so on.. (another distraction from trading in a way, I know...) Focusing only on EUR/USD, even tho it is working over few months, I find it difficult to trade on 1M timeframe due to distractions happening in my job, job not related to trading. If the price is in important area, the last thing...Ignored
DislikedDear birdland How do you use the RSI? Does it influence your trading decision to go long or short?Ignored