Morning/Afternoon traders. Let's see how things are looking today.
Mr Blobby V2 Super Simple 1m strategy 106 replies
About Mechanical/Automated Trading 17 replies
Does Mechanical Trading Bring Peace of Mind? 54 replies
Flexible Mechanical Trading vs. Discretional Trading 69 replies
Mechanical Trading vs Manual Trading 27 replies
DislikedRoofx, I think it depends on the currency, but TP 100 seems a little too big.
I traded H-1 GBPUSD and GBPJPY using several different systems (including BBands 8,2), and I think for these two currencies SL 50 and TP 80 work just fine.Ignored
DislikedFor the rest of the week I am going to try a -50 stop then once profit reached +75 I'll move the stop to +50, with a TP at +100. I'll see how that works out in forward testing and report my results here.Ignored
DislikedThanks Fokusnik. How are you trading the BBs with 8,2? What time frame do you trade it on? The settings seem very tight!Ignored
DislikedFor those familiar with my thread 'Mr. Blobby V2' I have started trading a similar system on longer term charts.
Link to Mr. Blobby v2 here:
http://www.forexfactory.com/showthread.php?t=248649
I will continue to test V2 scalping the 1m and 5m charts but I'm now also trading a new version (V3) on hourly charts with the addition of a 200 SMA as a filter. The reason is I want to catch the big moves and have the ability to get other things done instead of sitting at my screens for 12 hours a day.
The pairs I'm trading are:...Ignored