Hi,
This is my short entry and it would of hit my Stop Loss of 1.2758.
Ron
This is my short entry and it would of hit my Stop Loss of 1.2758.
Ron
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DislikedRegarding the chart... I personally would delete the second entry after the first one is set to BE.
We basically trade the daily breakout and the 'second entry' is just for backup if the initial trade turns against us immediately. But it has no independent value as an entry. At least to my mind.Ignored
DislikedHi,
This is my short entry and it would of hit my Stop Loss of 1.2758.
RonIgnored
DislikedFirst I had the same Idea, holding on to second entry if BE (TP1) not reached. But after testing through past years and compared the results, I come to this conclusion that Second Entries will remain till price reaches TP2, not TP1. It's tested well, but you can test it yourself to make sure of what I'm saying.Ignored
DislikedI do not think that we need testing results from many years. Important is what has happened during maybe last 6 months or so. Market is changing all the time. Lately it has been almost dead...Ignored
DislikedI do not think that we need testing results from many years. Important is what has happened during maybe last 6 months or so. Market is changing all the time. Lately it has been almost dead...Ignored
DislikedThe result got better through the time. 2011 had the best result, yielding more than 4% profit per month, better than the total average of 4 years which was around 2.8% per month (on 1% risk on every trade). Like I mentioned, 200 working hours with a high skilled programer (excel expert) gave me the result I'm sharing. Even in past 6 months, "Second Entry" considering current strategy, produced more profit that "First Entry".Ignored
DislikedOk, I see. But making 4% per month is not worth the effort, of course... If the system works good then have to increase lots or to let trades run after reaching TP2. Have you tested the possibility to leave the final portion open and trail it somehow?Ignored
DislikedHi,
Ok. I agree. I see it now. So the first trade made it to TP1 and the second was BE. Thanks.
RonIgnored
DislikedBasber,
Some good programmer will look at this and have it done in no time. I have a Generic Breakout EA, but doesn't have the logic that is required.
RonIgnored
DislikedBasber,
If you look at A Simple London Breakout, it might be something of value.
RonIgnored
DislikedI've tested the EA on 2010 and the results was bad. The thread is not active anymore to check the settings, but with main settings, it gives lots of false breakouts.Ignored