DislikedAs I reported earlier I had a tremendous take back from trades held overnight. This morning I closed out all trades and, still sticking with my system, I re-bought into the market. At end of day, I once again found my trades in the negative. I...Ignored
Sorry about your loss, I'm forward testing [live account] a similar system.
Here's how I'm testing:
Buy Entry: HMA (8Period) on Day chart Green, Place a Buy Stop order on the previous 4H HIGH
Sell Entry: HMA (8Period) on Day chart Red, Place a Sell Stop order on the previous 4H LOW
TP: 60% 5 day ATR
SL: 100 or Previous 4H HIGH (for SELL order) and Previous 4H LOW (for BUY order)
This way it eliminates some entries in the transition, like yesterday.
Now I have AUDJPY & USDJPY BUY orders filled for today and all others still pending.
HTH
Thanks
DL