Paulus has asked that we don't discuss smaller TF trading on this thread. I respect that. I was prepared to post my testing results for 4H, but I decided against it.
There are only about 20-25 trades for each pair on the daily TF so far, so anyone can do that test for themselves fairly quickly.
Let me say that the results vary for each pair. The lowest pair had a total pip gain of about +400pips to a high of about +2600pips total for one of the others, for the year.
When you have multiple trades going the results can be excellent, as Paulus has shown.
But as they say, your results may vary.
All of the EOD daily TF pairs are profitable for the year except the AUDUSD, and it would have been ok except for those wild and crazy days we had during October. One day (Oct. 14) had a trade with a 700pip loss.
It would be well worth the time for you to backtest each pair that you trade on your own platform to see the results for yourself.
I would like to see if anyone has considered a trailing stop on a part of a position too. I know Paulus mentioned it earlier. It would be nice to catch some of these pips in between the trades we are taking.
I know this isn't telling you much, but it is reason to be optimistic.
There are only about 20-25 trades for each pair on the daily TF so far, so anyone can do that test for themselves fairly quickly.
Let me say that the results vary for each pair. The lowest pair had a total pip gain of about +400pips to a high of about +2600pips total for one of the others, for the year.
When you have multiple trades going the results can be excellent, as Paulus has shown.
But as they say, your results may vary.
All of the EOD daily TF pairs are profitable for the year except the AUDUSD, and it would have been ok except for those wild and crazy days we had during October. One day (Oct. 14) had a trade with a 700pip loss.
It would be well worth the time for you to backtest each pair that you trade on your own platform to see the results for yourself.
I would like to see if anyone has considered a trailing stop on a part of a position too. I know Paulus mentioned it earlier. It would be nice to catch some of these pips in between the trades we are taking.
I know this isn't telling you much, but it is reason to be optimistic.