After approx 16 months of strife and enormous expense, i have now become profitable JUST but JUST, is a HUGE step forward.
I’m currently testing something that i’ve basically stumbled across and it looks MASSIVELY encouraging. I’m using TWO on chart indicators and a DOUBLE MACD on the DAILY chart. Initial testing is providing a strike rate of over 70% and the other 30% are small losses/break evens.
Early days i know but if this strategy is confirmed, and i can nail down stops & targets, i WILL happily share it with fellow “PIPSTERS”
Totally agree. I’ve come across many ideas that look great at face value but this is by far, the best I’ve seen. Testing 8 pairs since 2019 on daily chart now and it’s confirming what I thought but now the hard bit! Targets and stops
Hi, fascinating post. Quite how you have found a strategy without deciding your risk per trade (your stops) and your target reward per trade (your targets) is an anathema to me (the system not you )
In all my backtesting of systems, strategies, plans, I have not yet found a way to come up with meaningful results unless I had to set risk (stop loss) as a percentage of bank, and set reward (price to exit) as a criterion to determine profit / loss per trade.
Please advise test plan that resulted in positive edge without definition of funds at risk and reward targets.
How true. I am trading price structures again like I did 30 years ago (quite profitably) but have tried many other things off and on. Managing the risk is what has allowed me to keep on keeping on.
I absolutely GET your points and much has yet to be determined. I’m always the realist even when I MAY have discovered something? I’ve been here before so enthusiasm is always reigned in. I will gladly elaborate on my findings in due course
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