Logical
Thank you for your hard work
Let see if itīs profitable or not!
Thank you for your hard work
Let see if itīs profitable or not!
- #108
- Nov 14, 2009 5:23am Nov 14, 2009 5:23am
This seems a good system but it has 2 points which should be addressed in order to make it more profitable.
First, 50 fixed pips are not a healthy target and candle measurement. At the beginning of this year 50 pips were simply noise and I think this is the reason why one month was highly profitable and the next a losing one. You have to find a way to measure the average movement and then establish a target.
Second, the entry is late at the party.The market moves first 2 x 50 pips and then must move another 50 without retracement in order to profit. Any movement which is smaller than 150 pips will be a loss.
I'll make some backtesting because the idea is interesting.
First, 50 fixed pips are not a healthy target and candle measurement. At the beginning of this year 50 pips were simply noise and I think this is the reason why one month was highly profitable and the next a losing one. You have to find a way to measure the average movement and then establish a target.
Second, the entry is late at the party.The market moves first 2 x 50 pips and then must move another 50 without retracement in order to profit. Any movement which is smaller than 150 pips will be a loss.
I'll make some backtesting because the idea is interesting.
- #110
- Nov 14, 2009 8:37am Nov 14, 2009 8:37am
Heya
Interresting concept indeed
..
i guess we will see soon some more personal ploted charts .. they deffenetly give views from a different perspective .. be creative fellas..
i think this system could be usefull for binary forex traders .. aswell
i will give it a shot...
thnx for sharing
cheerz
Interresting concept indeed
.. i guess we will see soon some more personal ploted charts .. they deffenetly give views from a different perspective .. be creative fellas..
i think this system could be usefull for binary forex traders .. aswell
i will give it a shot...
thnx for sharing
cheerz
- #111
- Nov 14, 2009 8:52am Nov 14, 2009 8:52am
- | Joined Sep 2006 | Status: howard | 1,693 Posts
Regards
- #113
- Nov 14, 2009 9:14am Nov 14, 2009 9:14am
- | Joined Sep 2006 | Status: howard | 1,693 Posts
Regards
- #114
- Nov 14, 2009 9:33am Nov 14, 2009 9:33am
ok, we'll let zebulon to set the most significant round price after the weekly open.
Anyway, the chart will vary becase some broker will quote a price which goes over the 50 pips mark and others will stop at 48 pips and then reverse.
Anyway, the chart will vary becase some broker will quote a price which goes over the 50 pips mark and others will stop at 48 pips and then reverse.
- #116
- Nov 14, 2009 11:17am Nov 14, 2009 11:17am
Another idea, often in a uptrend, we are stopped because the price goes back 50 pips down (consolidation, retracement) and goes up higher.
The result will be better if we take :
for the trend : TP = 50 SL = 100
for the range : TP = 50 SL = 50
it seems for novembre we would have 350 pips instead of 200.
I will backtest this
The result will be better if we take :
for the trend : TP = 50 SL = 100
for the range : TP = 50 SL = 50
it seems for novembre we would have 350 pips instead of 200.
I will backtest this
- #117
- Nov 14, 2009 12:06pm Nov 14, 2009 12:06pm
Another idea, often in a uptrend, we are stopped because the price goes back 50 pips down (consolidation, retracement) and goes up higher.
The result will be better if we take :
for the trend : TP = 50 SL = 100
for the range : TP = 50 SL = 50
it seems for novembre we would have 350 pips instead of 200.
I will backtest this
and as it gets triggered .. and then retraces back in your direction ,re enter at your SL point... just an idea..
