love your system. love yout thread. many thanks for sharing.
Im planning to come up with an automatic trading EA , since I already have most of it in my breakout alert EA. Anyone has any pointers about different exit strategies?Ignored
DislikedHI jnatty can you pls post your chart I like to see how did you get that result on my chart the last candle in the box closed @ 12885 then the first candle outside of the box brake out and closed 12872 hmmm..... I don't understand
I'm using PFG chart.
First let me thank you for your strategy and your wisdom.
I've been studying breakouts for a while now, even as to test different theories for the past year with different TP and SL. Success ratio varies from 50% to 75% but spreads usually kill the deal and the losses are too close to the wins for it to be a successful long term strategy. (Trading bare NY box breakouts) Were the spreads to get tighter it would make those strats viable.
I'm very interested in hearing more about your money management and the % of average growth and success rate you get per month using this strategy.
The # of pips that people are saying they're making doesn't mean anything because we don't know the % of risk involved.Ignored
2. Size of order. (Let the user determine the amount of risk)
DislikedDo you mean the % risk or the lot size?
Size of the order would be determined automatically based on the stop loss , AccountBalance and % risk
Thats what Nomo means when he says adjust the load accordingly.Ignored
Dislikedcame across this today
Are you worried if the same could happen to your system Nomo?
Should we 'protect' EAs somehow?Ignored
DislikedThe best way to protect free EAs from being stolen is to really distribute them everywhere. If you see a commercial version of a free EA, put the free EA next to it. There's really not much else you can do.Ignored
DislikedOk my first yr trading and am a bit confused... I live in UK, just switched back to GMT.. will box time still be between:
5am-7am GMT for London Session?
11am-1pm GMT for New York Session?
Thanks in advance.Ignored
DislikedFor the London session, I believe that NOMO created the box to capture 6am to 8am (London Daylight Savings Time). Since we are going back to Standard time... it seems logical to make the London box 6am to 8am GMT. (GMT and London time are now the same).
For the New York session, we Americans are still on DST....so, keep the box as you mentioned above until we also go back to standard time.
Hope I am correct and hope this helps.Ignored