trader101 hi. Just an observation. I have been demo'ing the EA on my laptop for nearly two weeks. I have noticed the quite a few of the bad trades occur as a result of re-opening again after profit has been taken. Take G/J for e.g. It does have its days of moving 2-300 pips. Once 100 pips profit is taken a new trade re-opens in the same direction. G/J can easily retrace another 100 of continue on in our favour...
I guess the question is, when do you re-enter after taking profit?
Should there be a short time for consolidation after a profitable trade, to re assess the trend?
I would love to submit my results for comparison but as I take my machine to work, unfortunately I have to close it down then re start often...
Thanks.
regards,
Damo.
I guess the question is, when do you re-enter after taking profit?
Should there be a short time for consolidation after a profitable trade, to re assess the trend?
I would love to submit my results for comparison but as I take my machine to work, unfortunately I have to close it down then re start often...
Thanks.
regards,
Damo.
where thought goes energy flows