Can't see any trades on the daily chart today. So I stepped down to 4Hr and took a couple of inside bars, to see how the method performs on this TF.
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I recently found this thread and am really interested in this system.
I'm going to try it on my live account (cent account) soon.
I have a question. How long do you keep your pending order that hasn't been triggered? Is there any rule?
For example, according to my chart, EUR/JPY had an IB on Oct 5. But a pending order for this IB (short @101.56) hasn't been triggered yet. How long should I keep this order?Ignored
DislikedYeah my broker is GMT+3 (FxOpen).
I believe Kelvin said earlier in his post that the difference in GMT would cause different trades but they will be leveled out in the long run. So I don't mind SL's I got this time. In the meantime, I got SL with EUR/CHF and placed a buy order again.
As for the breakout in the opposite direction, I want to strictly follow Kelvin's rule (EMA50) with this system. I trade manually too, and actually placed buy orders for EUR/USD today. I think there is another system for breakouts, so for PPT, I would like to stay...Ignored