DislikedI was first introduce to Forex Trading a year ago and was taught to trade Daryl Guppy multiple moving averages on 10m charts. I had been demo testing GMMA for almost 8months and just started trading live recently.
I have to work on weekdays and most of the time I will not be able to trade, thus missing some good trades here and there. So i really liked the idea of trading with EA.
Well, I did some demo trading on the original system created by TheWicker himself. Indeed, it is a great system. It works extremely well in AUD/USD pair during EUR and US markets. On the other hand, I got stopped out most of the time on the other pairs like GPB/USD, USD/YEN. IMO, Placing a fixed 20-30pips S/L on these pairs would not work in long term.
Some suggestions,
Use fractals as a guide for S/L, placing S/L on recent LOW. I do not know if it works on 5min chart as i was doing rather ok with fractals on 10mins chart using Xtick.Ignored
Can you please explain in simple and detailed language how you are using teh fractals please.
Thanks
Tadinda