Quote:
Originally Posted by tymen1
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.
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This sounds very intriguing .. I am wondering if you'd be willing to post the rules for this method in a new thread & maybe ask for input from some of the experienced traders we have in this forum. Something like "Experienced Traders - can you fix this?"
Maybe if we have a lot of different minds & perspectives working on this there would be a way to tighten the stop-loss effectively so it would continue to be lucrative ... but with risk contained.
