I use the same rules as in this thread http://www.forexfactory.com/showthread.php?t=74793 to define uptrends abn downtrends. When an uptrend has been broken the new buy entry is at the highest high of that uptrend, and when a downtrend has been broken the new sell entry is at the lowest low of that downtrend.
Curently I have a profit in pips but a loss in dollars because of the different pip values.
Here is the system rules that I have used for the past few weeks.
Buy when a candle close above the last down bar in a downtrend
Sell when a candle close below the last up bar in an uptrend
Take profit when you have earned a few pips or when you get a signal to make an order in the opposite direction.
I have tested the system on EUR/USD 15 minute charts and it worked well. If the market is moving much up and down I recommend that you use a 5 minute chart instead
Below are some of the recent trades you could have made if you used this system....
The weekly EUR/USD strategy has also given a sell signal so I have sold EUR/USD for 1 % of the balance. It should only have been 0.5 % but I forgot that.
If slaughterhouses had glass walls, everyone would be a vegetarian!
I have done something wrong when entering the equity in excel so there won't be uploaded a new equity graph. Maybe I will start new journal later. My account currently shows a 13,71 % gain.
If slaughterhouses had glass walls, everyone would be a vegetarian!
I found a solution to the problem with the excel sheet. I can't see what the equity was the past few days but I can see what he balance was so the last couple of days it is the balance that is shown on the daily chart. The first post has now been updated with new charts.
I will still make a new journal.
If slaughterhouses had glass walls, everyone would be a vegetarian!
