Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
Proper trailing stop of 150 or more + proper daily target of 500-600 pips is good for GBP crosses.
Alternative trailing stop is using lows of the last hour for buys and highs for sells.
You'll see on the charts that the price will kick out all other kinds of trailing stops too soon.
I think a proper trailing stop might be to move the stop on each new candle to the high or low of the last candle. Just a idea for you all to test with.
Very Impressive!
I've been testing on the 1hr GBP/USD using momentum 14 for confirmation.
I close a trade and open in opposite direction on a new signal, so i'm in a trade 24/7. I haven't been using a TP, TS, or SL but may need them in a ranging choppy market.
Unfortunately, I'm unable to spend enough time in front of the screen to be accurate enough to go live this way but still picking up some nice pips on the demo.
Is there a ea in the works for this system or is it possible?
Thanks again Stevenali for sharing your system!
Last edited by mikl_73112; 08-09-2007 at 08:40 PM.
Very Impressive!
I've been testing on the 1hr GBP/USD using momentum 14 for confirmation.
I close a trade and open in opposite direction on a new signal, so i'm in a trade 24/7. I haven't been using a TP, TS, or SL but may need them in a ranging choppy market.
Unfortunately, I'm unable to spend enough time in front of the screen to be accurate enough to go live this way but still picking up some nice pips on the demo.
Is there a ea in the works for this system or is it possible?
Thanks again Stevenali for sharing your system!
I can write you one but those who contacted me know I'm quite expensive
Quote:
Originally Posted by droesparky
Shinigami
I think a proper trailing stop might be to move the stop on each new candle to the high or low of the last candle. Just a idea for you all to test with.
)
Linear Mode
