Open trade update.
I took a bit of a hit this week, as many pairs retraced strongly.
7 closed trades since last update for -330 pips (most of the damage done by my GJ trade -241)
It’s clear that I have a problem with the JPY pairs that I need to resolve… or just drop them.
The “scale” of these pairs is very different from the others, and the risk is much bigger.
I’m not sure how to deal with it.
It looks like you are recovering quite well with some of those pips already secured in your open trades. I think you need to incorporate some sort of a maximum stop loss that you allow for a trade. I know you don’t want a fixed stop loss, but maybe if there is no support/resistance within 200 pips or something like that, then you don’t enter the trade even if the setup looks good. In other words, if you would be forced to set your SL greater than 200 pips based on your personal rules, then you don’t enter. It would be good to have something like that for risk management sake. Or you could simply set the SL to 200 instead of the nearest Sup/Res.
I’m working from the D1 chart now as well and having moderate success, but have only had time to backtest 5 pairs, so I’m only looking at them for now. As I have time, I’ll add others to the mix. I am still tweaking my SL to be pair specific as well as implementing a method similar to ILZ where I move my SL to BE+X after a certain pip movement in my favor (also pair specific).
Hi all
I read all this thread and I will start this strategy on demo account.
In conclusion, it works on 4H and daily charts too, on major pairs?
For daily, what SL you use? 100 pips too?
Thanks
Maybe you should re-read the Thread
Thanks cheva282
cheva282 and how is your progres with making EA for this ?? 
Ok, I have semi automated the strategy, I still developing it but I need some encouraginf from the people who is trading it live, have asked poseidon but no response, ILZ seems to be out of this world, so I waiting on this to still programing it…
This system needs automation. It is based on specific rules of entry and exit and also of the MM that all could be programmed in an EA by someone with the proper know-how. Could you do it fully m8?
Did not notice anyone talks about the ‘Signal Bars v3’ indicator or i have miss them. How actually do we use that to increase our winning with Trend Runner? Do you guys use them to make your trade with Trend Runner? If yes how? Thank you.
Ok, in this case here, we should let the price touch this s/r and then close 30 pips below it and then that’s a good sell point, or no?!
Chart daily d1, below 200 sma.
thx
[QUOTE=“konan;500662”]Ok, in this case here, we should let the price touch this s/r and then close 30 pips below it and then that’s a good sell point, or no?!
Chart daily d1, below 200 sma.
<img src=“301 Moved Permanently”/>
thx[/QUOTE]
Not at all, Konan. If price were to do what you drew, then it would have to close below the lowest support drawn on your chart.
Alright, I got it now, only when the price comes from above (or below in another scenario) through the s/r. No pullbacks allowed in this system.
[QUOTE=“konan;500666”]
Alright, I got it then, only when the price comes from above (or below) through the s/r, no pullbacks allowed in this system.[/QUOTE]
It depends on the structure of the pull back, if it is deeper and creates another fractal (where Barry indi paints a s/r level) then you will be able to enter within the pull back. Right now, we can only see that one sup level.
Yes ,thanks. I’ve noticed this s/r indie being quite active and repainting during my backtesting too. Are you activelly trading the system atm and with what success, if you don’t mind sharing m8?
[QUOTE=“konan;500672”]
Yes ,thanks. I’ve noticed this s/r indie being quite active and repainting during my backtesting too. Are you activelly trading the system atm and with what success, if you don’t mind sharing m8?[/QUOTE]
Yes, the indie repaints quite a bit, so it’s very difficult to speculate about future situations.
I’m trading a modified daily version of the system, but it’s still in testing. Mixed success. Last week was a loosing week, but the two before that were quite good.
Hi, after reading this thread for a few days i’ve become a fan of this system…
This will be my first trade. the chart used is the GBP/USD h4 TF
if the next candle closed above this resistance point do i go long…?
thanks
What happened to the thread OP…Vacation days maybe? Lucky lol I need some of this too.
FOR EVERY 10 PIPS OF TOTAL MOVEMENT, NOT JUST CURRENT PRICE, MOVE BE +1.
Does that mean,
every time price moves a [I]further [/I]10 pips in favour of the trade, you add/subtract 1 to the stoploss level?
I suspect it does mean that, just want to be sure. Thanks.
Yes, it means for every 10 pip movement in favor of your trade, you should move your stop loss 1 pip further in profit. He clarifies that it is not just current price because sometimes price may move and then pull back. You should base your stop loss movements on the max movement that the price made. There are some instances where it makes a movement and then pulls back and goes the opposite direction of where you “should” move the stop loss to. It is unclear from the system rules what to do in this scenario. Some people have been manually closing the trade wherever it is, others will let it ride and if it moves back in favor, adjust the SL later to where it should have been moved.
