Originally Posted by xxDavidxSxx

Here is a years back test I did on Goblin.

Using euro$ 15m
30 TP
pips 10
no s/l
secure profit based on 30 pips per .1 lot used. So for .2 lots secure profit was 60.

max orders of 3.

and lot size of .2 for a 5k account.

the rest of the settings are default.

I am going to forward test it soon.

There was about 2 times durring the last year when the positions were held for about a month or mabe more. This happened when buy orders were placed near an extream high above 1.2900.

I would suggest adding an option to the settings for BUY only and SELL only. This way when it reaches an extream high(like now 1.2975) I would set it to sell only because its unlikely that the price will remain above 1.3000 for any peroid of time. But if a buy order is placed at this level the price can run all the way down to 1.1600 befor ever comming back to 1.3000.
So looking at long term charts and determining what the extreams are you can use buy and sell when price is near these extreams.

Dave