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Dislikedthis system is working and has worked for some time...however i have done a study back many years and prior to 2007 it was a huge loser 2006, 2005,2004...
for those of you who follow the markets long term we know we see cycles, 2003-2007 we were in consolidation and or gentlr sloping movement with much smaller dailyy ranges.
SInce 2007 we have seen more volatitity and bigger ranges.....therefore make hay while the sun shines..BUT do not think it will work forever as it wont...Ignored
Dislikedthis system is working and has worked for some time...however i have done a study back many years and prior to 2007 it was a huge loser 2006, 2005,2004...
for those of you who follow the markets long term we know we see cycles, 2003-2007 we were in consolidation and or gentlr sloping movement with much smaller dailyy ranges.
SInce 2007 we have seen more volatitity and bigger ranges.....therefore make hay while the sun shines..BUT do not think it will work forever as it wont...Ignored
DislikedSystem: Find the maximum and the minimum between 18:00GTM and 2:00GTM and then put a buy stop order with maximum and a sell stop order with the minimum.
TP 100
SL 50
If close in S/L open again the stop orders.
Close the day if close in S/L for the second time.
Close the day if close in TP.
Do not change the SL and the TP
Closes orders manually only at the end of the day (18:00 GTM).
P.S- Sorry my englishIgnored
DislikedIn accordance with the original rules of this system, determine high/low from 1800GMT to 0200GMT; Todays high would be 211.49 and the low would be 210.20. if this rule was followed, then no trade entry would have been triggered as yet.
Can someone explain to me if these rules have changed. had these rules been followed exactly, this week would have been a profitable week for everyone using this system. Thank you.
forexnetworthIgnored
Dislikedi dont agree.show me the results!!!!this is the best system of forexfactory.Simple and profitable.Ignored
Dislikedyou dont agree with the results? have you actually gone back and back tested???? if you read my post again i am a supporter of this system and said...make hay while the sun shines...BUT:::be warned it doesnt always win...we are in a great cycle for volatility and its working great....but didnt for years before...so just warning that you need to keep wits about you to see when cycle changes...maybe next week...next year or 5 years from now...who know...so dont give up on looking at trading techniques.
look at enclosed and you will see what am talking about if you cant be bothered to go backtest itIgnored