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Highest Open / Lowest Open Trade

  • #1,001
  • May 25, 2016 8:53am May 25, 2016 8:53am
Quoting wannalearn12
Regarding risk management. Should stops be set tight between -20 and -30 pips or at the top of the previous candle ? what is efficient? Any thoughts from anyone?
I generally agree with Too Slow that the current daily high for shorts is a good place to put your SL and current daily low for longs. Personally might give 1 or 2 pips extra leeway and adjust slightly if there is a strong S/R line close.
Everything will be okay in the end. If it's not okay, it's not the end.
  • #1,002
  • May 25, 2016 8:58am May 25, 2016 8:58am
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Some traders should not have taken this trade because they do not have the necessary skills.
Their entry would have be premature and their stop hit.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,003
  • May 25, 2016 9:07am May 25, 2016 9:07am
[quote=HermanV;8945256]
Quoting TooSlow
{quote} There a many variables that most backtests fail to take into account. quote] It was my intent to automate your system and I applied all the rules published in this thread. If there are more variables to take in account , please let me know. I will be glad to add them to my program...
The best thing to do is to trade this method until you feel comfortable and are profitable.
Then and only then, should you attempt automation.
Do not put the cart before the horse.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,004
  • May 25, 2016 9:08am May 25, 2016 9:08am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,005
  • May 25, 2016 9:12am May 25, 2016 9:12am
Quoting theras2000
{quote} I generally agree with Too Slow that the current daily high for shorts is a good place to put your SL and current daily low for longs. Personally might give 1 or 2 pips extra leeway and adjust slightly if there is a strong S/R line close.
Yes.
All I offer are suggestions.
Added leeway is a good idea.
Adjust for your needs.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,006
  • May 25, 2016 9:36am May 25, 2016 9:36am
its should good work on price in Chanel
email me : pipspro88@gmail
  • #1,007
  • May 25, 2016 9:51am May 25, 2016 9:51am
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Not a possibility.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,008
  • May 25, 2016 9:52am May 25, 2016 9:52am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,009
  • May 25, 2016 9:54am May 25, 2016 9:54am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,010
  • May 25, 2016 9:55am May 25, 2016 9:55am
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Not one of my favorites to trade.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,011
  • May 25, 2016 9:56am May 25, 2016 9:56am
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My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,012
  • May 25, 2016 9:57am May 25, 2016 9:57am
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Who dare tackle THE BEAST?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,013
  • May 25, 2016 9:59am May 25, 2016 9:59am
GBPCHF might set up nicely at resistance
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Everything will be okay in the end. If it's not okay, it's not the end.
  • #1,014
  • May 25, 2016 10:05am May 25, 2016 10:05am
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Waiting
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,015
  • May 25, 2016 10:11am May 25, 2016 10:11am
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another possibility
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,016
  • May 25, 2016 10:17am May 25, 2016 10:17am
GBPCHF - closed half SL to BE + 1
Everything will be okay in the end. If it's not okay, it's not the end.
  • #1,017
  • May 25, 2016 10:18am May 25, 2016 10:18am
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Who got some?
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,018
  • May 25, 2016 10:19am May 25, 2016 10:19am
Quoting theras2000
GBPCHF - closed half SL to BE + 1
Well done
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,019
  • May 25, 2016 10:20am May 25, 2016 10:20am
I see a lot of traders are here today.
Welcome.
Feel free to post your charts, comments, trades, questions, etc.
Don't be shy.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #1,020
  • May 25, 2016 10:24am May 25, 2016 10:24am
Attached Image (click to enlarge)
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1/2 closed
Trailing stop deployed
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
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