NEVER LOSE AGAIN!! TheRumpledOne

[TheRumpledOne]

OPPORTUNITY...

 

[TheRumpledOne]

WAITING AND WATCHING...

 

[TheRumpledOne]

RESULT

 

[TheRumpledOne]

OPPORTUNITY...

 

[TheRumpledOne]

RESULT

 

[TheRumpledOne]

RESULT

 

[TheRumpledOne]

MORE OPPORTUNITY...

 

[TheRumpledOne]

MORE RESULTS.

 

[TheRumpledOne]

OPPORTUNITY...

 

[TheRumpledOne]

RESULT

 

[TheRumpledOne]

RESULT

 

[TheRumpledOne]

OPPORTUNITY...

 

[kugan]

Below is a fairly crude diagram of an idea I've been playing with today after looking across some of TRO's ideas, and I was wondering if anyone would know how easy/difficult it would be to code an expert advisor to backtest this?

Rather than using any specific time frame the buy sell orders are placed whenever the price has moved 10 pips, if a stop loss (set to 10) is hit, an order is placed in the direction of the move again. If the take profit (also 10) is hit, another order is placed in the same direction.


I am fairly new to forex trading, so: if the idea is REALLY stupid, I'd really appreciate an explanation as to why.

From a rough look:

ON EUR/USD

20/01/10 0800GMT- 0836GMT 120 pips
19/01/10 2000GMT - 20/01/10 0800GMT 60 pips
19/01/10 0800GMT - 19/01/10 2000GMT 210 pips

However, 18/01/10 0800GMT - 19/01/10 0800GMT lost 110 pips.

Any comments would be greatly appreciated

 

[brooks79]

My first instinct is for you to get off the tick charts or anything less than H1. It could be that you are the one out of 10 trillion people that will make money this way, but the probability is overwhelming.. Good luck in whatever you chose. The most important part of learning forex is to stay focused, work on the mental game, find a plan that works for you, and STICK to your plan!

 

[TheRumpledOne]

OPPORTUNITY...

 

[TheRumpledOne]

RESULT.

 

[TheRumpledOne]

RESULT.

 

[TheRumpledOne]

OPPORTUNITY...

 

[TheRumpledOne]

RESULTS.

 

[TheRumpledOne]

OPPORTUNITY...