hi, arvi:
can you explain what your rationale is for opening multiple positions? For the 2nd and 3rd positions in post #2, Romeo didn’t cross Juliet, Did it?
Thx for your time!
I really like Your idea, its seem`s to be a really simpel and clean system. I am definitely gonna try it out. I already did some manual backtest and going to continue with that.
So some questions:
1.SL- do You use any?
(I add fractals on the chart, and put the SL above the last highest fractal before the SMA break back inside the Bollinger)
2.Have You dry the other pairs?
( I belive it can do well on most of the majors)
3. how to You use the biger bollingers (100,160), just to confirm the overal trend or for the setups also?
4. Just to make sure I understand You right, the SMA have to cross out of the band first to be valid signal and then close inside the band to take the trade, right?
5.For the TP, do You let the price close or you will took the profit right after the price cross the middle band?
I really like Your idea, its seem`s to be a really simpel and clean system. I am definitely gonna try it out. I already did some manual backtest and going to continue with that.
So some questions:
1.SL- do You use any?
(I add fractals on the chart, and put the SL above the last highest fractal before the SMA break back inside the Bollinger) -> I dont use SL, close position only applied when romeo crossed down midle juliet or romeo back to crossed up upper / crossed down lower juliet.
2.Have You try the other pairs?
( I belive it can do well on most of the majors) -> Not yet, currently i only try this on eurusd.
how to You use the biger bollingers (100,160), just to confirm the overal trend or for the setups also? -> I also use BB 100 & 160 as a signal, besides as trend indicator.
Just to make sure I understand You right, the SMA have to cross out of the band first to be valid signal and then close inside the band to take the trade, right? -> Right. But sometimes i put pending execution at the upper / lower juliet, only 10% from my power - means 0.1 lot, and add 10% for every +10 pips from it until 10 times, because my full power is only 1 lor.
5.For the TP, do You let the price close or you will took the profit right after the price cross the middle band? -> i’ll take profit only half when price cross the middle and the rest after the romeo cross the midle juliet.
Thank You so much for the answer.
-> you are welcome
