- #363
- Jun 7, 2009 9:01pm Jun 7, 2009 9:01pm
- | Joined Apr 2008 | Status: Trader | 1,114 Posts
Ace,
On your chart the short entry price is incorrect, may want to fix that so we don't get more confused posters
(you added 20 pips instead of subtracting).
Also, It looks like you are drawing your fibs from the actual hi-lo, and not from the entry prices (hi/lo + buffers)
I think this also causes some confusion, as I think at some point in the thread you said you drew them from the buffer points.
Anyhow, looking forward to a nice week.
I manually backtested this method (using 20 buffer+10 spread on both ends)
from 6/1/08-12/12/08 = +4600 pips
from 12/12/08-6/1/09 = +1500 pips
This was using 1/3 lots taken off at tp1, tp2, tp3, and stops moved for each to one level back. Sometime this week I'll go thru it again using higher tp levels and see what I come up with.
On your chart the short entry price is incorrect, may want to fix that so we don't get more confused posters
(you added 20 pips instead of subtracting).
Also, It looks like you are drawing your fibs from the actual hi-lo, and not from the entry prices (hi/lo + buffers)
I think this also causes some confusion, as I think at some point in the thread you said you drew them from the buffer points.
Anyhow, looking forward to a nice week.
I manually backtested this method (using 20 buffer+10 spread on both ends)
from 6/1/08-12/12/08 = +4600 pips
from 12/12/08-6/1/09 = +1500 pips
This was using 1/3 lots taken off at tp1, tp2, tp3, and stops moved for each to one level back. Sometime this week I'll go thru it again using higher tp levels and see what I come up with.
- #374
- Jun 7, 2009 10:06pm Jun 7, 2009 10:06pm
- | Joined Apr 2008 | Status: Trader | 1,114 Posts
The rules seem to change quite a bit on here. Maybe at some point this week, ace, you could redo the first post to take into account what you see as being the set rules?
1. buffer + spread on both ends?
2. fibs drawn from hi/lo or from hi/lo+buffer+spread?
3. SL at hi/lo or hi/lo+buffer+spread?
etc. These have all been questioned and different answers been given. Of course, none of these matter too much in the grand scheme of things, and it's easy for each trader to just use what he feels comfortable with. But to cut down on all the duplicate posts, maybe nailing down these things in that first post would help.
In any case, I am using 20 buffer+spread on my short, so my entry is at 156.75 and coming close to being filled. So it looks like our first attempt is going to be short this week My stop is at 157.77
1. buffer + spread on both ends?
2. fibs drawn from hi/lo or from hi/lo+buffer+spread?
3. SL at hi/lo or hi/lo+buffer+spread?
etc. These have all been questioned and different answers been given. Of course, none of these matter too much in the grand scheme of things, and it's easy for each trader to just use what he feels comfortable with. But to cut down on all the duplicate posts, maybe nailing down these things in that first post would help.
In any case, I am using 20 buffer+spread on my short, so my entry is at 156.75 and coming close to being filled. So it looks like our first attempt is going to be short this week
My stop is at 157.77
