Anyone know a good 'set-and-forget' strategy?

This is a discussion on Anyone know a good 'set-and-forget' strategy? within the First Steps forums, part of the Reception category; Originally Posted by Pedro30 The thread is 9 years old, dude... It is never too late ,If they had remained ...

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Old May 1, 2017, 4:36pm   #16
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Originally Posted by Pedro30 View Post
The thread is 9 years old, dude...
It is never too late ,If they had remained here for 9 years , they would have got it.

http://www.trade2win.com/boards/indi...ml#post2900716
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Old May 1, 2017, 4:38pm   #17
 
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contact warren buffet @bershire hathaway for a great set it & forget
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Old May 12, 2017, 6:45am   #18
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contact warren buffet @bershire hathaway for a great set it & forget
set and forget eliminate or reduce the 80% psychological risks from trading.

http://www.trade2win.com/boards/psyc...ent-forum.html

http://www.trade2win.com/boards/gene...ders-fail.html

http://www.trade2win.com/boards/indi...ml#post2901510
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Old May 12, 2017, 7:24am   #19
 
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Originally Posted by presven View Post
No longer in existence ?
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Old May 13, 2017, 4:18pm   #20
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Placing a trade that early in the UK session and leaving to run for the day has some major drawbacks you don't know what the days sentiment is going to be for a start or how news events might skew a trade or what black swan events might ruin a trade. You would need very wide stops probably better trading the daily chart where stops can be set at 2xATR or well above major swing pivots avoiding any wild intraday swings due to news events etc imo
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Old May 13, 2017, 5:15pm   #21
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Placing a trade that early in the UK session and leaving to run for the day has some major drawbacks you don't know what the days sentiment is going to be for a start or how news events might skew a trade or what black swan events might ruin a trade. You would need very wide stops probably better trading the daily chart where stops can be set at 2xATR or well above major swing pivots avoiding any wild intraday swings due to news events etc imo

Time of day for entry is a good point. I only trade multi-day but numerous times have been taken into a position when price started the day moving my way, only to be stopped out in the pm. Daily chart then prints an outside day bar, but usually resuming my direction (i.e. with underlying trend) next session. Grrr!

Placing the entry point further out seems the only way round this, apart from waiting until the close to enter manually.
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