July 21 update,
I haven’t talked much about Leah; hence, I will cover it today. Many people have asked: why do you have 3 systems trading the EURUSD? It is because Jasmine can open up as many as 6 open trades and Sienna can open up as many as 8 open trades. The original intent was for Leah to open up as many as 7 open trades. I have yet to find a solution that would satisfy all of my requirements; hence, Leah is currently remained at a maximum of 6 open trades. Although Jasmine, Leah, and Sienna all trade the EURUSD; however, they are based on different strategies, different stop losses and different take profits.
On July 20, subsystem 4 entered the sell EURUSD trade at 13:00 @ 1.28949 with a stop loss of 100 pips and a take profit of 240 pips. At 17:00, subsystems 7 and 8 also sold the EURUSD at 1.28830 with a stop loss of 100 pips and a take profit of 240 pips. Currently, the total floating profit of the three trades is over 300 pips. You don’t have to be right all the time to make money. You just have to make sure that you win more whenever you are right.
I am a firm believer that we can’t predict the direction of the market. Anyone claiming that they can predict the market with better than 60% accuracy – you should avoid them. Yes, they can be lucky and get 8 out of 10 trades correct but can they keep the same average after 1,000 trades. Some will avoid being wrong by trading without a stop loss. I rather cut my losses when I am wrong. Most people are looking forward to winning 99 consecutive trades, but it will only take them one single trade to wipe out their forex trading account.
http://www.ctsforex.com/trial_install/LeahJuly21.png
I haven’t talked much about Leah; hence, I will cover it today. Many people have asked: why do you have 3 systems trading the EURUSD? It is because Jasmine can open up as many as 6 open trades and Sienna can open up as many as 8 open trades. The original intent was for Leah to open up as many as 7 open trades. I have yet to find a solution that would satisfy all of my requirements; hence, Leah is currently remained at a maximum of 6 open trades. Although Jasmine, Leah, and Sienna all trade the EURUSD; however, they are based on different strategies, different stop losses and different take profits.
On July 20, subsystem 4 entered the sell EURUSD trade at 13:00 @ 1.28949 with a stop loss of 100 pips and a take profit of 240 pips. At 17:00, subsystems 7 and 8 also sold the EURUSD at 1.28830 with a stop loss of 100 pips and a take profit of 240 pips. Currently, the total floating profit of the three trades is over 300 pips. You don’t have to be right all the time to make money. You just have to make sure that you win more whenever you are right.
I am a firm believer that we can’t predict the direction of the market. Anyone claiming that they can predict the market with better than 60% accuracy – you should avoid them. Yes, they can be lucky and get 8 out of 10 trades correct but can they keep the same average after 1,000 trades. Some will avoid being wrong by trading without a stop loss. I rather cut my losses when I am wrong. Most people are looking forward to winning 99 consecutive trades, but it will only take them one single trade to wipe out their forex trading account.
http://www.ctsforex.com/trial_install/LeahJuly21.png