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- RiskFighter replied May 1, 2024
The thread is appearently no longer exclusively about Yesterday Break Out. So I experimented with EURJPY in a different setup. TF is M15. After 8 bars you take the trade when a bar is closing higher or lower than highest or lowest at the 8 bars. SL ...
- RiskFighter replied May 1, 2024
Tuesday - no trades. Wednesday 3 trades - 3 losers. I am aware that statistic says that around 50% of trades will be losers. I have tested using moving average to minimize losses. Does not work.
- RiskFighter replied May 1, 2024
How have you been doing with this strategy until now this week?
- RiskFighter replied May 1, 2024
If somebody try to earn 20,000$ and it happens frequently, this person sums up in a batch of people emptying the money reserve in the Prop company. This leads to the companies go broke. And to the situation where we daily hear about companies ...
- RiskFighter replied May 1, 2024
OK. Timeframe does matter - because we do only trade at the Close of the bar - very important! If you have a bar on say H4 and it has a long wick to the north. That means that on a lower TF - say M15, you have bars that close higher than the H4 bar. ...
- RiskFighter replied May 1, 2024
However 2 trades a week - gives 12 trades a week if you trade 6 pairs. That's more than 2 per day. We had 3 trades allready today (i count GBPJPY in).
- RiskFighter replied May 1, 2024
Size of what?
- RiskFighter replied May 1, 2024
Sorry. I am not good at the english language. Dictionary say "synchronous".
- RiskFighter replied May 1, 2024
Right. We need to have something going on. So I tested the rest of the JPY pairs. And have added GBPJPY and NZDJPY. CHFJPY is no good. Of cause the pairs are synchronous to some extent and it is a problem if I have 6 pairs trading some day in the ...
- RiskFighter replied Apr 30, 2024
I tested other pairs also, but as expected it is the JPY pairs that works.
- RiskFighter replied Apr 30, 2024
I tested GBPJPY. First report is at risk 1% - DrawDown 8% Second at risk 5% - DD 30% RiskReward is 1:3 at both. Yes I know, never risk more than 2%. Just for the fun though. Again report is covering 5 months.
- RiskFighter replied Apr 30, 2024
Hi Jack Yes, I know that. But it depends of your broker. I have right now 4 different brokers. And have had many others. So I am sure there is a difference. The worst broker I have in that respect is FXPro. The right word is, that they are ...
- RiskFighter replied Apr 30, 2024
My robot takes only 1 trade per pair in one day. So if I get a signal and the trend changes right after, then I do not trade in the new direction. How are your system working in this aspect?
- RiskFighter replied Apr 30, 2024
ahh yes. Nice to find that explanation.
- RiskFighter replied Apr 30, 2024
I now used the Williams Percent Range indicator as a filter. That gave no differens. So forget that.
- RiskFighter replied Apr 30, 2024
And then I like to play with risk setting. If it is profittable at 1% risk, then you can risk more. So if risking 5% then the profit is 20.000$ on a 10.000$ account. And the equity were never below 10.000$. Still 5 months of data.
- RiskFighter replied Apr 30, 2024
See - this is interesting. I have removed the close at EOD. Så the trade continue until TP or SL. 5 months of data. Winning is 33% of Equity. Each trade has risk 1%. And gains are invested.
- RiskFighter replied Apr 30, 2024
The test tool is set to 2 pips spread. Here are the results for the last month with USDJPY. TP were only hit 2 times.
- RiskFighter replied Apr 30, 2024
Sorry, I can see that you trade is the 26. This is my trade then. Profit is exactly 66 pips.
- RiskFighter replied Apr 30, 2024
Wrong date. See next post.