Mrezoots' Bottom-Less Pipshake.

I had the same problem but now I got the answer thanks guys.
I will be doing some backtesting over the weekend, the main thing that I need to figure out is when to exit. ? fixed target or trailing not sure.

Hello again Shahroor!

If you have planned out your money management and you have an estimate of how many pips per month you would like/need to make...

I would advise working that into fixed target for now.

Trailing DOES work to an extent here... However I will manually move my TP/SL in a sort of "watermark" stop.
I do not move my "Trailing Stops" in small steps if this makes sense...

When the position reaches around 150pips I will try to lock in around break even "Trailing Stop".

When the position reaches around 250pips I will lock in 125 or so.

When the position reaches around 350pips I will lock in 250 or so.


AGAIN KEEP IN MIND
These are AVERAGES of my levels... some pairs are less...


So as you see i do use a "Trailing Stop" mentality..

I just do not like it being so sensitive (pip by pip) in the following, and I give it time (end of days) and room to breath before tightening up the stops.

I hope this makes sense! LOL! Let me know if you have any other questions guys!

This is also helping me refine the rules of the system so it is much appreciated!

Talk soon!!

i think the thread wasnt alive for long time. for me it should be refreshed and i will be working on it . it is one of the best but the problem that traders dont like daily and weekly systems and they search more action.

I like how you think! LMAO!!

Daily and Weekly TFs are truly only for the patient and seasoned investors.

The first few years in trading everyone thinks they have to maintain the horrible image of a stressed out day trader slamming redbull's and going through 4 stress-balls a week.....

We'll basically Jim Cramer..LMAO! jkjk There is intense and then there is HIM...

This is such a facade, to put importance on things that are not important @ all. (Like watching 1M charts) :nerd: LOL!

Life is WAY to important to be concerned with maintaining that myth...

Again, A pleasure to have you aboard Lebaneese!

GU gave daily signal let us monitor it Mrezoot please

Spot on buddy!

Come 5 o'clock my time, (about 15 mins)
if it is still valid, a Buy Stop will be placed @ 1.641xx


And AWAY we go..hopefully!

Should look like so....

Thanks Mrezoot for your advice.
on a different note I seem to have a different view on my GU chart !
any comments

I believe that this is a broker issue..

The thread that I was in before I started my own had a few of these issues...

They arise when some brokers use a Sunday candle and others do not...

I use alpari US and UK for my chartings..

Can i make an assumption you are using IBFX.. lmao!!

jk jk! I only say that as I have had HORRIBLE problems in the past with them and their Sunday candles wrecking things.

http://www.forexfactory.com/showpost...&postcount=213


If you do not use Alpari may I suggest downloading their client and seeing if it then matches up...

Thank you again for your concern and involvement, we'll get ya strait!

We always do!

So here is how that position is looking on my screen now...

For your reference Shahroor.

And IBFX was her name-o!

Check out the Sunday chunks....

you are spot on, it is the sunday candles. that chart was on ODL platform but when I used alpari uk as you suggested I got the result attached
Thanks for you advice

That is a little concerning as it is NOT the same....

I never had the RED MA arrow show on my charts..?

As well, you have a "drop out" on your bottom filter on approx Feb. 25th

Where I do not...

For the most part it is VERY close...but not identical.. Ill look into this more later tonight when I get back home.

We'll get ya there!

Mine is posted from my Alpari US account so I will cross it with the UK tonight!

Well, as GBPUSD is quite far away from the pending order right now, let us watch also GBPCHF
Have a nice weekend, guys!

Backtesting GU 2001-2010 risking 2% ,starting balance 100,000, Profit 25% over the whole period
SL 250
TP 750

Nice work!

Nice to see other seeing promising results from LONG backtestings.

Kudos to your ambition!

here is the trades taken on my backtesting

now some might say 25% over 9 years is not impressive but this was only on one pair . I will do more backtesting on other pairs and post the results, But before I proceed I wanted to make sure the indicators are not playing up as there was some differences between my charts and Mrezoots, so if we could clarify the reason and fix it then I know my backtesting is accurate..

I noticed that you have no breakeven trades listed...
In real trading we possibly move our SL to BE at some point and I doubt if anyone would use 750 pip target without using any trailing... Target and trade management should be realistic to get proper profit longer term.

I appreciate what you saying however when I was backtesting I noticed that the trade either go your way and do hit the TP or go against you. If I remember well there was only one or two trades that reached half the distance and reversed. Moving SL too early could disadvantage your result as some trades were moving up and down around the entry level before taking off to hit TP. At the end of the day I am not sure how much that would influence the final result.