How long have you been doing this? I would stick to 1 direction and that's it. You're going to have to many BE and -2 I think ? just a thought
Ignored
-2 (edited to "Epic Fail") at London Open and BE at NY... Sorry, I didn'd make myself clear...
I was a silent reader of this thread from the days of the 8 pips candle, now I'm working with you to move the market :-) ...
This is my third week. I had a +140 last week, and didn't enter the market yesterdays London Open, so I missed another +140.
The only thing I'm not doing by the rules (and only after missing +140 yesterday) is this: my max spread is 1.3, not 0.9. However, I see many of you, including Tony, doing the same...
By the way, I'm risking 0.4% of my account, including spread so, it was not a big loss. Maybe tomorrow I get at least +2/+3...
Hi All,
I set up an EA on MB MT4 demo and the real thing on an MB Nav API.
Same trades as you guys for today. I couldn't get it finished in time for the previous London win. Oh well!
I have always used a break even stop and my back testing of tick data has shown this to be a critical part of any strategy. Although some people tend to feel that a smaller profit target is better I would beg to differ. There is something to be said for keeping you away from trading by having you locked into a winner. I will also be a keen follower of Tony's targets if he posts them.
cheers
Hi, Tony or somebody else could you please explain how do you manage the trade...When do you decide to put your stop loss at -1 and when do you decide to put your stop loss at BE...Just to be all on the same page...thx Max
Hi, Tony or somebody else could you please explain how do you manage the trade...When do you decide to put your stop loss at -1 and when do you decide to put your stop loss at BE...Just to be all on the same page...thx Max
Ignored
I think tony goes by .5 pips. I put mine to BE when it gets 5 pips in profit
Hi All,
I set up an EA on MB MT4 demo and the real thing on an MB Nav API.
Same trades as you guys for today. I couldn't get it finished in time for the previous London win. Oh well!
I have always used a break even stop and my back testing of tick data has shown this to be a critical part of any strategy. Although some people tend to feel that a smaller profit target is better I would beg to differ. There is something to be said for keeping you away from trading by having you locked into a winner. I will also be a keen follower of Tony's targets...
Ignored
Have you got an EA for managing trades for this method?
EA is good instead of the middle of the night alarm clock. My alarm goes off at 12:57am for London then 5:57am for US. Or some could have other commitments at the time.
If you are not using MB Navigator then we are talking apples and oranges.
If you can do that on their Nav platform then good for you because I cannot. I am also unable to be physically present for each session open. However feel free to insult my intelligence if that fries your burger.
Cheers
