I'm so excited!
After opening a new demo account, this time with a 1:100 ratio, I made my first three trades with this Fib system and it worked out!
However, looking for a good entry point really plays with your mind. You look at all the indicators and hope you're reading them correctly even after all the back/forward testing that indicates it should be. You open the New Order window but then doubt yourself and then back out just to wait and see what the next candle does.
Finally I recall your comment several posts back about just trusting the indicators and realizing this is just a demo so just do it!
So I placed the trades, 2 lots each, closed my laptop and went to work (broke out of my conservative comfort zone a litte
).
When I got home, I wanted to rush over to my laptop to check the results but held back dreading the worst. When I did finally open it up, opening 1 eye at a time too, I found 1 order still going. I had put a trailing stop loss of 15 pips each and it was at 75.00. The other order stopped out at 20.00. So I had a $90 day so far, or 45 pips! That's right on with my daily pip goal.
I know not to get too carried away as this could just be beginner luck, but with a bit more practise with this Fibs system, who knows....but I like it
