Thanks Hugh I'm looking forward to following this thread.
DislikedBecause 8/28 was the nearest high. This is a very borderline decision. To be honest you could use either, there is only 10 or so pips in it.Ignored
DislikedOk, I totally understood what you'd written. But what happen if (hypothetically speaking) the high of 8/23 is "substantially" higher than the high of 8/28???
I asked this question because it has a big impact on this trading strategy. Rephrasing my question above using your words (assuming that the 8/23 high is much higher than the 8/28 high), are we focusing on the break of "nearest" high (8/28) or the break of "highest price reached so far in this mini trend" (8/23)???Ignored
DislikedI want to highlight some information written by Hugh in his blog.
In his article of Friday August 31 headed "Trend Following System" he mentions a book written by Courtney Smith called
"How To Make a Living Trading Foreign Exchange" I am about half way thru reading it and would recommend it to anyone who is interested in forex. For me it is the best book that I have read on forex trading.Ignored
DislikedI'm also in Aud/Usd. Note RBA interest rate decision later today.Ignored
DislikedWatch now. Trying to check out what pairs to watch.
I have Eur/Usd, Eur/Gbp, Eur/Aud, Eur/Nzd, Aud/Usd, Nzd/Usd
What feed are you ushing Hugh? I'm using FXpro and I am seeing diffrences both in candle formation and if its a bear/bull candle
Edit: also Hugh I've tried getting you trail and close EA working a couple pages ago but its not working. Don't know why. Can;t even put it on the chart or compile it.Ignored
DislikedHB, 50 pips loss, why not waiting for 100 pip stop loss?
We are still in uptrend on eurgbp, above 10ma.Ignored
DislikedDoes anyone have the tailing MA stop EA that will close trades?
i've tried downloading it and its not working, just an empty file with "EA" in it
Backtsting just getting a little uncomfortable with E/U and how big some of the losses are on the last trade where it goes against you. Or when you are entering a ranging market when.
One Key thing that needes to be remembered is that the 10EMA can't be flat or the price not too close to it.. that is when you start to se market ranging...atleast what ive seenIgnored