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Another thing to note in general about this system, besides the fact that it keeps you out of many many bad ones, but actually even the 18 pips SL at most times is never materialized, because many times you get out of a bad trade much before the SL is hit. On average your bad trades are about 10 pips loss, compared to the average good trades of 25 pips without even mentioning about a decent number of trades with 50 pips. In summary, this system is defiantly not a losing one, the questions is only how profitable.
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We can also consider adding a rule; that if we've had a losing trade then the subsequent trade is set a TP at the same number of pips as the previous loss. This method can best be tested with an EA.
Last edited by dav12028; 08-06-2007 at 02:11 PM. |
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Quote:
I have all of the indicators added now, I'm just setting up how to use them. |
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As we see now, the GU has made some nice moves today, which could have given as over 200 pips with this system. We must admit that even though this move was not the usual, but it is not something very unusual. What I mean by this is, that such moves happen all the time a least a few times a month. So we see very clear, that harvesting some of these mega trades a month, keeps you in the plus for a while, and is a good ground for helping the average trades throughout the month to accumulate to nice profits.
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Hope all is clear, otherwise keep shooting. |
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As in your second suggestion, price is less then 6 pips from the bottom or top
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Willis, have you looked at the ATR thing yet, I can see potential problems with the results of the ATR since it's a little lagging in realtime, maybe we should leave it as an option to switch on and off. This method could also be implemented with some of the other rules too, in order to help with testing.
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LinkBack to this Thread: http://www.forex-tsd.com/manual-trading-systems/8960-eurjpy-out-scalping.html
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| Posted By | For | Type | Date | |
| Eurjpy In and Out Scalping. by Forex trading | This thread | Refback | 10-12-2007 11:47 AM | |
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