Update Day 5 Well I have abandoned the 1min trading. Way too crazy on 12 pairs. Next week I'm going for 1H. BigMike

My own developed benkyalate system

I understand. I might do the same and stick to 4h and daily. For short term I might use the 5min after this week test. BigMike

My own developed benkyalate system

Update day 3: +9.08% account growth 28 trades 24 wins 4 losses (all were closed manually combined with a win to cut down the open positions) P/L - 21.5% Very hard day to trade with conflicting signals and news. I honestly could not trade real money ...

My own developed benkyalate system

Hi Jay, It all depends on price action. Sometimes when I see it is dipping lower than previous recent low on a Buy, I will close. Same goes for short if price goes higher than previous recent high. Also if the trade sits there doing nothing and COG ...

My own developed benkyalate system

Update day 3: +4.21 account growth 13 trades 1 loss - closed manually (decimal pips) P/L is - 29.25% due to the EURGBP trade. I'm workig on an honorable exit plan by taking bigger positions and closing partial of the original trade so it cancels out ...

My own developed benkyalate system

Very interesting input Jay. Thanks ! More food for the brain. BigMike

My own developed benkyalate system

lolllll Erwan. (addict) Also agree with you about large SL. I feel like I'm gambling instead of trading. I think the entry is far more important on this strategy since there is no room for mistakes. Imagine 5-6 trades with large DD's ??? Let's look ...

My own developed benkyalate system

Great job Erwan ! Today 16 trades 2 losses for decimal pips I closed manually (I did not check the direction...my miss) 5.67% account growth +143 pips However, at this moment I'm all over the place... Again 13 open trades... P/L -20.85% Half of this ...

My own developed benkyalate system

Hi aser, long time no see ! Quick update: This morning wihthin a few hours. 6 trades 6 wins 42 pips. I put a 10-15 pips target depending on prior movements. If ranging less TP, if moves are bigger, bigger TP. Some pairs the spread is big so to make ...

My own developed benkyalate system

Welcome aboard Jagfx. Dyekid, don't worry, past 24 hours were sideway. I don't know if my experience with COG on long terme trading can be of any help but just look at the "thikness" of COG and it tells you if it's sideway or if there is ...

My own developed benkyalate system

Congrats to you to Erwan ! Spice indeed ! Yes Ichimoku is good for trend. I did not know it was good on such small TF. You answered my question I had about trades being so long to close. BigMike

My own developed benkyalate system

Yes ! You too keep us posted ! I'm not taking new trades since this morning. US session was flat as you know. Down to 8 positions open, and closing them when in profit. I think it is not normal (holiday) that positions are open such a long time on ...

My own developed benkyalate system

Hi Dyekid217, I check if 25 SMA is over/under the 50 SMA. If over = long, if under = short. They have cut off quite a few false signals. JMHO That's about it. The market is so flat/ranging today because of holiday, it is not to it's fullest ...

My own developed benkyalate system

Update: Since Asia session, I got hammered with some losses with the 20 pip SL, which confirms Foreign Mark's comment about 20 pips being to tight. So I decided to test with no SL and it works nice for TP hits. All wins and no manual intervention. ...

My own developed benkyalate system

Market opened 2 hours ago. A lot of bells and whistle going on !!! It's kind of a video game. 15 trades 12 wins 2 losses 1 even 1 loss was my fault not being fast enough and it retraced. 1 loss was my mist not checking direction before entry. I ...

My own developed benkyalate system

Ok, I've setup all 12 pairs I usually trade and will test which are most reliable. Those pairs are: EURUSD, GBPUSD, USDCHF, USDCAD, AUDUSD, GBPJPY, GBPCHF, EURCHF, NZDUD, EURJPY, EURGBP, USDJPY. I have experience on price action long term but I'm ...

My own developed benkyalate system

Thanks for the answers Erwan. Let's test the heck out of it ! BigMike

My own developed benkyalate system

Thanks for the update Dyekid217. Hope you get your cable soon ! BigMike

My own developed benkyalate system

Hi Erwan, Many thanks for the update !!! Your numbers are similar to Dyekid217. I'm impressed for a Friday. 7.8 pips per trade hmmmm and 100% hit, now we're talking ! Question: What session did you trade if I may ask ? I did not have time and broker ...

My own developed benkyalate system

Hi Dyekid217, Is it too much to ask for an update of your stats on the strategy (pips, %win, etc...) ? Thanks, BigMike

My own developed benkyalate system