I think a trailing stop of 50 pips will do wonders for the second lot by locking in some pips. Let us know what the trailing stop of 50 pips does for your results.
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DislikedGoodmorning everyone,
I know most of you are still just crossing the midnight zone, over here its already sunny and bright, I am in the UK,
Just wanted to make sure if this chart shows a signal
xrunnerIgnored
DislikedHi BUll
Its quite come great system you have out together here, i really like its simplicity. I have though been using the EA but i want to understand the system manually. My broker's (FXPRO) time is GMT+3, what time shoulg i then look up the chart to setup my trades.
Thank you.Ignored
Dislikedhttp://img205.imageshack.us/my.php?image=gbpusdou5.gif
i want to draw your attention on this.
as you can see there was a signal where the red thumbs up is. however, before moving further upward with the trend, it went down 100 pips, thus you would have been stopped out.
what do you do in situations like this, where you get stopped out in the very beginning, but afterwards the trend goes your way ?Ignored
DislikedI think a trailing stop of 50 pips will do wonders for the second lot by locking in some pips. Let us know what the trailing stop of 50 pips does for your results.Ignored
DislikedHello xrunner,
You are 100% correct. That is a short entry signal.
Thanks!
Bull101Ignored
DislikedBull101....your short entry rules for this system state:
Short Entry Criteria:
1. The Awesome Oscillator has changed to red.
2. The Stochastic Histogram has changed to red.
On xrunner's chart the Stoch Histogram did change from green to red. But the AO didn't change to red....it was already red from the day before. I thought they both had to change at the same time from green to red or vice versa for a long signal. What am I missing here?Ignored
DislikedQuick question for Ron, the EA Meister....
Bull101 has stated that he will take a trade if one appears within the first 10 minutes of the new day's bar.
Does your EA do that? or will it take a trade anytime during the day a valid signal appears?
thanks....Ignored