tk5, thank yo for your help... I just adjusted the settings and will continue to work in demo until I get at least a 8/10 success rate.
RHoudini, thank you for your comment also. You are probably an experience trader. I am not and this method is helping me understand things I did not in the past. Simple is not bad, its good and yes, you are right when you talk about the risk but at the same time if I can prove in my demo account that I can make 8/10 trades right and maybe get off some of the wrong trades before hitting SL´s I believe this method might work. One of the things I am not doing right at the moment is to stay infront of the computer while the trades happens. Maybe if I stay I can get off a trade before hitting the negative 15 pips mark.
Any way, so far, while learning, the only thing been hurt is my demo account and I can only say thank you to tk5 and other senior members like you RHoudini for building up on the system as even though you do not agree with it you through interesting things to think about so it also builds on it. Thank you and good luck to you all.
RHoudini, thank you for your comment also. You are probably an experience trader. I am not and this method is helping me understand things I did not in the past. Simple is not bad, its good and yes, you are right when you talk about the risk but at the same time if I can prove in my demo account that I can make 8/10 trades right and maybe get off some of the wrong trades before hitting SL´s I believe this method might work. One of the things I am not doing right at the moment is to stay infront of the computer while the trades happens. Maybe if I stay I can get off a trade before hitting the negative 15 pips mark.
Any way, so far, while learning, the only thing been hurt is my demo account and I can only say thank you to tk5 and other senior members like you RHoudini for building up on the system as even though you do not agree with it you through interesting things to think about so it also builds on it. Thank you and good luck to you all.