You take the ATR and use it for your TP, ONLY IF THERE IS ROOM, Then you take whatever number that is for your TP2, Or you can use that Pip for PIP trail I put in here and just let it roll after you take profit.
Jim
Ignored
Thanks H1H1.
I downloaded the Pip Trail EA. Just to confirm, can this EA effectively handle two separate trail orders simultaneously?
There may be an IB on eur/jp, if you are trading this set your pending buy 5/6 pips higher than you normally do, so it clears the daily pivot. Just a suggestion, dont trade if your not sure
There may be an IB on eur/jp, if you are trading this set your pending buy 5/6 pips higher than you normally do, so it clears the daily pivot. Just a suggestion, dont trade if your not sure
Took short on UJ at 15.30 candle on FXDD, entry 89.78, stop 90.22, PT1 89.58.....not a great ratio but using Oanda and taking very small position while learning this approach. I see another IB has formed on this pair, but I still have original open and will stick with it.
Thankyou H1H1 for your enlightenment to date....please stay with FF as not everyone will be able to access your examples with skype.
Just for the record, I traded this method according to Hard1head's rules and ended up +44 pips for the day in about 5 hours yesterday. I'm looking at 5 pairs and i had one break even trade yesterday and the other 3 were profitable. Paris
Just to add to the endorsements, I am only looking at E/U, started demo trading this yesterday, and I have so far pulled 459 pips out (which is a record for me). Scaling out at ATR and moving the stop to b/e, then scaling out at PP's, reversal candles etc, until I leave a single runner with a profitable SL which I occasionally adjust. Got two runners on now (two good entries over the last two days). Intrigued by the IB just formed, at R1, would like HH1's input ! My gut would be to play it only on a break of the high 1.3842, but I am not sure this pair isn't running out of steam. What do you think Jim ?
I am by no means an expert but this is making much more sense to me than other strategies I have looked at.
