Quote:
Originally Posted by BrianSNJ
Why were the exits that hard? Was it because you could not tell if they would be good for only 5 pips and some good for more and that caused too much confusion? I apologize if I sound naive. I am a very curious person and love to learn for the sake of learning.
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To BrianSNJ :
I can tell you that the method was very mouth watering with its incredible lucrative promise of profit of literally thousands of pips.
So I did research on the method to nearly exhaustion.
But money management was the problem.
A thousand pips profit on one trade, then 800 pips loss by hitting a stop loss on the next. This is how it went.
You could never tell when the trade was about to drop out - and when they did, wow! What a loss!
Sometimes 8 candles to a terrific profit, other times one candle profit followed by a surprise attack with the next one taking you to a loss.
In short, it was completely unpredictable, and as such, unsuitable for any but the very experienced trader.
The candlestick method herein is infinitely more stable, consistantly profitable, and works with much smaller stop losses.
A real pity for this Keltner system, but it just goes to show that not every system is a winner in the long run.