Gracias Pure Price!
So hereīs my little contribution:
Take 2 trades on each valid setup-(H and 4 H)
Trail (auto) stop from the other end.
Each TP at 1 R and 1,5 R respectively.
Basically itīs the originall idea (correct me if Iīm wrong)...except for the auto trail, which has advantages and disadvantages.
It will reduce the size of the loosers, BUT, it will sometimes kick you out on winners.
In theory, by the time you hit first TP you should be at BE on the second leg.
( Brokers love to hunt trailing stops though...
)
Extra bonus, set it and forget it...less work.
I will run it with mini postitons, real money, for 2 weeks or 30 trades.
Will post results for everyone to evaluate..
Having the system split in 2, we could get a fair idea of which TP is more profitable..
Sure 3o trades and or 2 weeks is a very small sample...better 1000 trades...but have to start somewhere.
I have pending orders on H USDJPY and GBPJPY (I know they are correlated and itīs Labour day...still Iīll run them if hit)
Enjoy Labours day
So hereīs my little contribution:
Take 2 trades on each valid setup-(H and 4 H)
Trail (auto) stop from the other end.
Each TP at 1 R and 1,5 R respectively.
Basically itīs the originall idea (correct me if Iīm wrong)...except for the auto trail, which has advantages and disadvantages.
It will reduce the size of the loosers, BUT, it will sometimes kick you out on winners.
In theory, by the time you hit first TP you should be at BE on the second leg.
( Brokers love to hunt trailing stops though...
)Extra bonus, set it and forget it...less work.
I will run it with mini postitons, real money, for 2 weeks or 30 trades.
Will post results for everyone to evaluate..
Having the system split in 2, we could get a fair idea of which TP is more profitable..
Sure 3o trades and or 2 weeks is a very small sample...better 1000 trades...but have to start somewhere.
I have pending orders on H USDJPY and GBPJPY (I know they are correlated and itīs Labour day...still Iīll run them if hit)
Enjoy Labours day
