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  #11 (permalink)  
Old 06-20-2007, 08:15 AM
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Join Date: Oct 2005
Posts: 22
Pervaz is on a distinguished road
.

Kalenzo Thank you for the indicator

It has saved me hours of manual backtesting (and saved my eyesight !)
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  #12 (permalink)  
Old 06-20-2007, 07:53 PM
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Posts: 22
Pervaz is on a distinguished road
20/6 Results

My 2nd TP target (1.9913) was reached.

Currently I have 18 wins and 7 losses (biggest drawndown was a 52 pip loss) at 72% success rate and 209 pips over 16 days.


I have to do some further investigations:-
a) money management. I use 1 lot which it used to get to my frst TP, then i sell 0.5 lot and then that 0.5 lot is used to try and reach my 2nd TP. Out of my 27 forwards tests it is 52% of the time it reaches 2nd TP.

Another method that i have been thinking of is using as follows:
- I use 1 lot for day 1
- if i win then i add 0.1 so total at the start of the day will be 1.1 lot
- if i lose then i take away 0.2 lots so i start the day with 0.8 lot

Any ideas/suggestions gratefully recieved

Thanks
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  #13 (permalink)  
Old 06-21-2007, 07:02 AM
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21/06

Todays starters is :

BUY at 1.9930
1st TP = 1.9940
2nd TP = 1.9960

Stop loss = 1.9910

Todays results were: +20, -90 Total: -70

total pips so far: 201 pips (from 29th May to today)

Last edited by Pervaz; 06-21-2007 at 11:02 PM. Reason: updated with results
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  #14 (permalink)  
Old 06-22-2007, 07:52 AM
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22/06

Buy at 1.9932
1st TP = 1.9942
2nd TP = 1.9959

Both levels have been reached and profits locked

I am also putting a short on 1.9905
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