I just posted the pips as I didnt understand the R calculation you use. Even using R Im still down from last week -1.6R and I definitely lost money so Im trying to see if Im doing something wrong or can improve my trading.
Couldnt find the changes you have made to the system for your lifestyle but Im sticking to PS’s trading times of trading between 00:00 and 16:00 EST which for me is 05:00 and 21:00 BST.
For last week I match some of your trades (broker prices are different slightly) but you are missing others that came along within the recommended timeframe (Ive confirmed the signals with the MT4 EA as well) so assume you only trade the early part of the day. So your results will differ from mine, some weeks better and I guess some weeks worse.
Thanks for your help here Tony much appreciated any suggestions of better systems that you would trade would be welcome.
My trades for last week are
[B]13/07/2009[/B]
4H
Trend is still down so only short trades
15M
15:00 Cross over down, RSI=43 , stoch down, MACD +ve and losing value
Entry 16092
Stop 16145
Risk 53
Target 16050
Stopped out at 16:15.
-53 pips
[B]-1R[/B]
Matched to Tony
[B]14/07/2009[/B]
4H
Trend changed to up at midnight so only long trades
15M
07:00 Cross over up, RSI=63 , stoch down, MACD -ve and losing value
Entry 16266
Stop 16229
Risk 37
Target 16300
Target hit at 8:30.
+44 pips
[B]+1.2 R[/B]
Matched to Tony
16:45 Cross over up, RSI=63 , stoch down, MACD -ve and losing value
Entry 16313
Stop 16257
Risk 56
Target 16350
Stopped out at 19:00.
-56 pips
[B]-1.0R[/B]
Not matched
[B]15/07/2009[/B]
4H
Trend is still up so only long trades
15M
6:45 Cross over up, RSI=71 , stoch up, MACD -ve to +ve
Entry 16355
Stop 16302
Risk 53
Target 16400
Target hit at 7:15.
+45 pips
[B]+0.9R[/B]
Matched to Tony
11:30 Cross over up, RSI=61 , stoch up, MACD -ve and gaining
Entry 16385
Stop 16331
Risk 53
Target 16400
Target hit at 11:45.
+15 pips
[B]+0.3R[/B]
Not matched
[B]16/07/2009[/B]
4H
Trend is still up so only long trades
15M
07:00 Cross over up, RSI=61 , stoch down, MACD -ve to +ve
Entry 16376
Stop 16371
Risk 5
Target 16400
Stopped out at 7:30.
-5 pips
[B]-1.0R[/B]
Matched to Tony
[B]17/07/2009[/B]
4H
Trend up until 08:00 when it changed down so only short trades after 8
15M
16:00 Cross over down, RSI=46 , stoch down, MACD +ve and losing value
Entry 16315
Stop 16358
Risk 43
Target 16300
Stopped out at 19:30
-43 pips
[B]-1.0R[/B]
Not Matched