So from this quick pivot table analysis I can offer some refinements to the system:
For me as I trade EurJpy in PM session. A top level filter can also be added - No trades is broker bid/offer spread is > 1 pip.
Eurusd
As per original system. 10 pip TP, 15 pip SL (until further tests show a better SL strategy based on previous results)
Only set orders in relation to prices and the 24ema (as noted above)
No second trade
Only trade this pair in AM session, 0700 UK time H1 candle close
Only trade is ATR > 10 pip TP
Orders GTC for 3 hrs (so cancelled after 1000 UK time)
EurJpy
As above for entry/exit rules
As above for ema rules(but using a 48ema (24x2))
No second trade
Only trade this pair in the PM session, 1600 UK time candle close
Same ATR rule as above
Orders GTC for 3 hrs (so canx after 1900 UK time)
Let's keep the discourse going and see if we can refine for profitability
For me as I trade EurJpy in PM session. A top level filter can also be added - No trades is broker bid/offer spread is > 1 pip.
Eurusd
As per original system. 10 pip TP, 15 pip SL (until further tests show a better SL strategy based on previous results)
Only set orders in relation to prices and the 24ema (as noted above)
No second trade
Only trade this pair in AM session, 0700 UK time H1 candle close
Only trade is ATR > 10 pip TP
Orders GTC for 3 hrs (so cancelled after 1000 UK time)
EurJpy
As above for entry/exit rules
As above for ema rules(but using a 48ema (24x2))
No second trade
Only trade this pair in the PM session, 1600 UK time candle close
Same ATR rule as above
Orders GTC for 3 hrs (so canx after 1900 UK time)
Let's keep the discourse going and see if we can refine for profitability
Attached Image
Trade less and become more profitable!
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