In general I must say I have had days with lots of positive pips using this strategy. Then trades with enormous losses.
One day is excellent, the other not at all.
I know when I enter a trade - that most likely and with high certainty I will be able to close the position within minutes with around +15 pips.
But there is always the "fear" of a quick reveral resulting in a 30-40 pips loss.
From the viewpoint of money management this approach doesn´t make any sense to me, as one should have AT LEAST an 80% - 90% success rate in order to come out with a profit.
So for me, if I can not achieve some kind of consistency trading this strategy it will not be worthwile continuing with it.
Unless I do find a "magical" filter to keep me out of bad trades......
One day is excellent, the other not at all.
I know when I enter a trade - that most likely and with high certainty I will be able to close the position within minutes with around +15 pips.
But there is always the "fear" of a quick reveral resulting in a 30-40 pips loss.
From the viewpoint of money management this approach doesn´t make any sense to me, as one should have AT LEAST an 80% - 90% success rate in order to come out with a profit.
So for me, if I can not achieve some kind of consistency trading this strategy it will not be worthwile continuing with it.
Unless I do find a "magical" filter to keep me out of bad trades......