hello folks,
for a moment I had the idea that the longer the weekly candle, the more profit was possible.
that would be the pairs with the JPY and CHF, where the ATR compared to price are generally high.
looking on zulu, the system trading in both directions has 15 closed losing trades and out of those 15, 9 trades paired with the JPY ended up with a loss and 3 trades paired with CHF.
probably too early to draw any conclusions, but certainly something to keep an eye on.
count me in for this system and I will be starting next week. just finalising the 10 pairs I want to trade with as little correlation as possible, maybe without JPY? would 10 pairs be enough?
as to money management (sorry, I`m new to forex)
say account is $ 100,000; 1:50 is $ 5 mil available. it has been said that 29% is quite safe = 1.45 mil.
so with 10 pairs I would have my order size at 145k on average per pair.
thank you again Fly for so generously sharing your system.
for a moment I had the idea that the longer the weekly candle, the more profit was possible.
that would be the pairs with the JPY and CHF, where the ATR compared to price are generally high.
looking on zulu, the system trading in both directions has 15 closed losing trades and out of those 15, 9 trades paired with the JPY ended up with a loss and 3 trades paired with CHF.
probably too early to draw any conclusions, but certainly something to keep an eye on.
count me in for this system and I will be starting next week. just finalising the 10 pairs I want to trade with as little correlation as possible, maybe without JPY? would 10 pairs be enough?
as to money management (sorry, I`m new to forex)
say account is $ 100,000; 1:50 is $ 5 mil available. it has been said that 29% is quite safe = 1.45 mil.
so with 10 pairs I would have my order size at 145k on average per pair.
thank you again Fly for so generously sharing your system.