Well, I am not Micardo but since Nov 15 I have been running a similar method to his and just wanted to share the results so far. I mostly use a 50 pip trigger from the daily open price (FXDD 5pm EST).
But not quite. For buy stops I use 55 pips. Stops are the trigger point. I go for 30 pips on the first lot and 60 on the second. I use a 30 pip trailing stop now on the second trade.
December has been about break even but November was good. I must admit I haven't traded everyday during the holidays. But for what it's worth, maybe this is close to real-world results.
But not quite. For buy stops I use 55 pips. Stops are the trigger point. I go for 30 pips on the first lot and 60 on the second. I use a 30 pip trailing stop now on the second trade.
December has been about break even but November was good. I must admit I haven't traded everyday during the holidays. But for what it's worth, maybe this is close to real-world results.
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Don
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