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Stoploss is set at a distance equal to half the total size of the closed day candle not body from the deal opening price. Takeprofit is set at a distance equal to the full size of the closed day candle. Conclusion It often happens that the price does not go further along with the trend, but only updates the extreme of the day and rolls back, up to a reversal.
Breakout orders that are set against the trend are usually much more confident, and it is much easier to get profit on such orders. I have never had good luck with long term; Well except for when it was good luck.
Pure luck. That trade was not on Alveo.
I have been back testing this and it looks like it should work pretty good. I put an SMA 5 on also and it seems to be giving me a pretty good entry when it crosses the 8 instead of waiting for the candle close. Because I'm not sure how that will play live; backtesting I can't really tell for sure; especially when its a larger candle. I can see this leaves a lot on the table between the actual pivots, often about half of the movement on a turnaround signal, but on the other hand it's relatively safer more safe?
But days? I think that paint is dry.
Nice share, I also like to trade value like this setup The thing I like about it the most is that it requires no indicators, unless you classify moving averages as indicators, which I guess technically no pun intended they are. Thanks for sharing! But days? Combining all of that with alignment gives me the best of both worlds, because I can structure my trades to exploit the moves with larger momentum AND get in sooner with smaller SLs.
I think more like Hak said, the beginning of a good scalp. Honestly, I always used back testing only to get into the mojo of the subject strategy. All my previous attempts to replicate scores from the back test were an epic disaster Just keeping my spirits high :.
At the end of the day, you need to make a strategy your own and that's a process, with no guaranties of duration nor success, making it one of many paradoxes of trading. The "secondary entry" from above PDF looks very much like the entry from this thread. I am using No Name on H1 now on my way to the funded account. No person, institution, or entity, including the Apiary Investment Fund, can guarantee a return on investment for such transactions. Neither the Apiary Investment Fund nor its representatives will recommend the purchase, sale, or transaction advice for a specific security.
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A simple D1 trading stradegy. Back to Forums.
A simple D1 trading stradegy 1. This is what I had in mind. Trade prospects are marked.
You are not used all Sell possibilities. Val T. Nice and simple! I like it. Thanks Val Short and Sweet.
I'll give it a try. Looks like a proper strategy to me. What would be the ideal take profit trigger? Thanks for sharing. I will take a look at this strategy. Something worth looking into. As Traders, we all know that simple ain't always easy I love simple trading plans. I am going to check this one out.
“yesterday” candle should be bullish (price close>open);. range of variation in the last day, i.e. the distance between the High and Low, for the EUR/USD pair should be greater than or equal to 40 points;.
I like it! Trader Ron. Looks interesting, I will be doing some testing. Thank you! Your email address will not be published. Necessary cookies are absolutely essential for the website to function properly.
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