"Do or do not... there is no try" Master Yoda
DislikedMy first 4hr bar is different compared to yours. It has something to do with sunday bars or something or the other.
I'm using FXDD's Metatrader.Ignored
Dislikeda shame, i would not now how to fix that, when i find out i'll let you know, thanks!!Ignored
DislikedI dont think it was answered?Ignored
Once again thanks for starting this thread....Ignored
DislikedYeah I too noticed that USD/JPY isn't that great with this strategy.
AUD/JPY is also a good one.
GBP/JPY and EUR/JPY are 70-78% correlated.
GBP/JPY, AUD/JPY and CAD/JPY are 85-97% correlated
EUR/JPY & CHF/JPY are 90-97% correlated.Ignored
DislikedThanks for the info, I am still only demo trading this method but would like to switch to my live acct. but as i am currently using IBFX and they don't let you put a pending buy order and pending sell order on the same pair. I don't know what I am going to do yet. I use FXDD on the demo and considering opening an acct with them. I have only used them on demo systems, and a couple of the systems I use only work on their time frame and platform.
DislikedOanda permits simultaneous pending buy and sell orders. Please note that both orders cannot be active at the same time. They will immediately cancel each other. Oanda now allows a trailing stop.Ignored
DislikedTP1 - +142 pips
TP2 - +284 pips
TP3 - +462 pips
TP4 - +568 pips
All 4 TP's have been hit. I took profits at 3x TP because of the heavy consolidation. As always i hope you all got your fair share.
DislikedI have been demo and live trading different breakout strategies for about 6 months now. I don't remember seeing it mentioned but one thing you can do to help with money management is to only trades in the direction of the trend. While this will of course leave some profits on the table it will give you stronger more reliable trades and should help curb allot of losses.Ignored
Not live on the long, a little on the conservative I got out at tp1 and tp2.
Though I see a daily retracement, we may even get into the short before the week is out.
What is your feeling on this?Ignored