edit: Let's try this one, I also changed the one in the first post.
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DislikedExample setup pic below (I'm not very good in explaining this stuff)Ignored
DislikedTake profit and stop loss are listed on the first page. 20 pips target and stop loss is half way between the two fractals. There is a HUGE risk to reward with this system, which means its hit rate is probably very high.Ignored
DislikedExample setup pic below (I'm not very good in explaining this stuff)Ignored
DislikedOne more question-
Do you continue resetting the TP with each new bar, or do you only do it with the bar after entry?
Do you ever move your SL?Ignored
DislikedThanks for posting - I am going to give this a whirl on the 4 main ones
I have
Eu buy @ 1.3300
UJ buy @99.74
GU buy @ 1.4771
U/CHF sell @ 1.1349
So I now just wait until they get taken, nothing else - right or wrong.
Cheers PuntaIgnored
DislikedI believe you should have a pending BUY and SELL for each pair, except UJ.Ignored
DislikedAnd you also need stop losses:
E/U buy: stop loss is 1.3242
E/U sell: stop loss is 1.2942
Agree?Ignored
DislikedI haven't looked at EU, but shouldn't the SL be the same for both Buy and Sell?
The SL is the midpoint between the Buy point and the Sell point.Ignored
DislikedHere is how I have it:
E/U: Buy at 1.3300
Last down fractal 1.2885 (on 4/22).
Difference between the two equals 415.
415 divided by 2 equals 207.5
Buy order at 1.3300 minus 207.5 equals stop loss order at 1.30925 (I was wrong on my previous post).
This should also be the same stop loss for the short order as well.
Is this all correct?Ignored
Disliked200+ pip stop for 20 pip gain? I guess I better read that part again. So far seems like any other fractal breakout strat.Ignored
Dislikedhey guys...here is my strategy
works brilliantly on sunday mornings..
risk - reward ratio is brillliant....you only risk 200 pips to make 20 pips...pls feel free to ask me any questionIgnored
DislikedThat's what I thought too, but it's not exactly a 20 pip gain. It could end up a lot more than that. You wait until the end of the bar that the order triggered on, and then add 20 to that. Make sense?Ignored
DislikedDreamliner
Sorry to bother you with this but you seem to have a good understanding of the sketchy rules in this system, probably from experience.
Could you possibly, clarify, briefly your understanding of it?
Thanks in advanceIgnored
Disliked1. Place buy/stop orders on all up fractals and sell/stop on all down fractals with a stop loss halfway between the two fractals. So stop loss will be the same for both long and short orders.
2. The day AFTER the order triggers, place a take profit order of 20 pips above the open of that day for a buy, and below the open of that day for a sell.
That seems to be all I understand of this system. If anyone gets it better, please let us know.Ignored
DislikedThat was quick!
I see, a bit better anyway, Lol
Suppose we have to wait for the poster to clarify the rules a bit more.
Do you know how to calculate the "R% position size"? Just googeling.Ignored