Looking good on the daily man. You mentioned you are running it on 27 pairs…do you adjust any rules for different pairs or are you pretty much just following the entry/exit rules as provided? Also, are you adjusting your stops throughout the day, or only making changes at the close of a candle?[/QUOTE]
Thanks, I hope it holds up long term.
I’m using a modified version of the system.
Entry rules are unadjusted and applied as such on every pair. I keep it simple. No shorts above sma (and vice versa), trend entries upon sma cross, and trend re-entries upon clear sup/res breaks. I can go through the 27 pairs in 10 to 30 min.
My position size is different. 1 unit per $ of unrealized balance at time of entry. This gives me a confortable risk with multiple open pairs.
Stop losses only get adjusted once a day. Not quite at the close of the candle, but nearly. I need my beauty sleep. It’s after NYClose, so basically the trading day is over by then.
Since my exit is a stop out, managing my SL is the key. I mostly try and give the trades some room and use sup/res levels to place them below/above. There is a lot subjectivity in this, and every trade is different. No set SL amount. No rules for moving to break even… Just take what’s given to me by the particular pairs price action.
I hope that helps a bit