Hi,
Like you I am looking for the holy grail, and that is a high win/loss percentage ratio, I don't mind losses, it's part of the game for me.
I think this system is very simple and I feel it has some ability to become great, though it requires some input from some of the more expirenced traders to make sure that win/loss ratio and what type of MM might work on this, as I am really crap with MM, as my wife!
I'm not too keen on indicators and would like to keep in indicator free as possible.
TF
1 hour
Long
If we close above previous high, go long - Look at B
Short
If we close below previous low, go short - Look at A.
SL/TP/MM
Requires input - Though looking at Chart, you could say:
MM
2 lots
SL
Previous bar low/high.
TP
1st lot - 15 pips
2nd lot - move to BE and let it run until you see reverse
If you went long (in picture - see D) - bar that closes below previous bar's low (in picture - see E).
If you went short (in picture - see A)- bar that closes above previous bar's high (in picture - see B.
Issues
At F - we would go short, then get stopped out.
At G - we would go long, then get stopped out.
Though
At E - we would go short and that would be a winner.
Conclusion (for now)
So you see, it has some potential, though it has some issues (like every other system), the the question is, how would we minimise our losses?
Regards,
Guess
Like you I am looking for the holy grail, and that is a high win/loss percentage ratio, I don't mind losses, it's part of the game for me.
I think this system is very simple and I feel it has some ability to become great, though it requires some input from some of the more expirenced traders to make sure that win/loss ratio and what type of MM might work on this, as I am really crap with MM, as my wife!
I'm not too keen on indicators and would like to keep in indicator free as possible.
TF
1 hour
Long
If we close above previous high, go long - Look at B
Short
If we close below previous low, go short - Look at A.
SL/TP/MM
Requires input - Though looking at Chart, you could say:
MM
2 lots
SL
Previous bar low/high.
TP
1st lot - 15 pips
2nd lot - move to BE and let it run until you see reverse
If you went long (in picture - see D) - bar that closes below previous bar's low (in picture - see E).
If you went short (in picture - see A)- bar that closes above previous bar's high (in picture - see B.
Issues
At F - we would go short, then get stopped out.
At G - we would go long, then get stopped out.
Though
At E - we would go short and that would be a winner.
Conclusion (for now)
So you see, it has some potential, though it has some issues (like every other system), the the question is, how would we minimise our losses?
Regards,
Guess
Attached Image (click to enlarge)
