Yes it's been a poor couple of weeks for both the 0700 M30 bar entry and also 0600 H1 bar entry.I had a terrible week and am losing for the month so far. I plan to review and just check that current market behaviour is not far outside the norms seen over the last 12 months, update soon this weekend.
All the best.
Agreed, although we can work in from both extremes to what is a fairly clearly 'correct' range of stop sizes.I like this, we should be constantly pushing at the boundaries of the same basic system, wringing whatever we can from it.
This is an age-old problem though - narrow stops are often hit but profits can more commonly be multi-r (risk): wide stops are less commonly hit but profits will rarely be multi-r. Its a balancing act, there literally can't be a right answer, only answers that work. Keep at it.
I think you have already established this is a robust system.I had a terrible week and am losing for the month so far. I plan to review and just check that current market behaviour is not far outside the norms seen over the last 12 months, update soon this weekend.
All the best.
So I'm intent on just ploughing on, hoping to get a good result tomorrow.....
Thanks for this. With regard to your comment above, today was a fairly good day too wasn't it?
Also, assuming you're still triggering off the 0700 M30 bar, given that UK employment data is released at 0700 tomorrow, it's likely that the 0700 M30 bar is of large range.
Are you planning to do anything else in such situations to avoid being left behind if by 0730 the bar has a big range? Or just wait and see?
Interesting, I've thought about the same thing.I am interested to know what happens if you apply a directional bias to the back-testing of this strategy. For example trade in the direction of the trend using a moving average as a filter.
We get it, advertisements are annoying!
But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.