This one is tough, The rule is that if the price closes above the median pitchfork there is 80percent chance that it will go to top of channel. But if I see a nice pinbar down (prefer a red one) the price will go all the way to low channel. Because ...

Daily channel trading with high R:R

Here is a picture worth 1000 words. Where do you think the price is headed? If you flip it to the left little bit and make the upper part of the down channel horizontal than you will see the price is making hh and hl. Bu the last high was not able ...

Daily channel trading with high R:R

I'm just learning the pitchfork. You can use pitchfork for taking profits and reentry imo. But equidistant channel is better for my plan. I am just developing this so. My idea is to analyze multiple pairs and look at the big picture(daily) and in an ...

Daily channel trading with high R:R

My 2 cents, dont rush and spend money any bbma courses, Im not sure but something dont feel right

BBMA strategy by Oma Ally

So far it looks like .01 lot per 25000 dollars is the only way to trade this safely. this is based on year 2017. but if someone can test it for 5 years with default settings and 25000 instead of 5000 we can see what happens

Lets try to improve my profitable Grid Correction EA

Just took this trade now hoping the mid line holds

Daily channel trading with high R:R

Update, I took out half of my trades except a few of them. And brought sl to breakeven plus.

Daily channel trading with high R:R

At the moment total of 422 pips since last night. I have moved some of the trades sl to breakeven plus. Using the pitchfork we can manage trades, ie. getout goto breakeven add to it and so on. But I dont know what to do as of yet. I think when price ...

Daily channel trading with high R:R

Also let me tell you about a trick that I just learned. after plotting the pitchfork tilt the screen to the right and bring the pitchfork slanted upwards to horizontal position. At first you will see the market doing higher highs but when you tilt ...

Daily channel trading with high R:R

When I have time I will plot the pitchfork on all my trades that I took and the new ones. This will help me determine whether to go short or long and also help me move my sl and take new positions.

Daily channel trading with high R:R

Here is an update on Aud/cad. I think I made a mistake going short on this one. It did not yet hit sl. but here is my explanation as to why I think I made a mistake going short. I am starting to use andrews pitchfork to help me determine from now ...

Daily channel trading with high R:R

Here are more charts. I took all these trades last night very close to each other.

Daily channel trading with high R:R

Can someone backtest 4 or 5 years with 25000 and .01 lots. 25000 and .01 lot made 50% in 1 year( 2017) I cant backtest that far, I dunno how to load more historical data.

Lets try to improve my profitable Grid Correction EA

Ok update, it just closed with a lost. It was up from 9750 to 13000 now it closed all open orders and went down to 7400 and reopened with more sells and again is down to 50% of the account within minutes. so i close the EA this all happened very ...

Lets try to improve my profitable Grid Correction EA

[quote=pipster59;10682504] This is why I was testing .10 lots. You can withdraw say 60% out at the end of week or day. And than restart. You might avoid being blown. At least you might double your account before account blows.

Lets try to improve my profitable Grid Correction EA

[quote=pipster59;10682431] Yes but unless you run them live for 1 year straight you cannot confirm that. That is why I said we need someone with experience on backtesting to check and confirm our results. ps. there are alot of EA's out there that ...

Lets try to improve my profitable Grid Correction EA

I just back tested 2017 Eur/Usd model: every tick lot: .01 5000. blown up 10000 blown up 25000 gained 50% So I dunno much about backtesting. Can someone with good knowledge of backtesting do a bactest on Eur/USd for 2017 and confirm the above ...

Lets try to improve my profitable Grid Correction EA

Ok I just checked forexpeacearmy site for Lmfx revies. Not looking good, go check out the revies for yourself. Some people have been waiting months for their withdrawal. NOT GOOD>

Lets try to improve my profitable Grid Correction EA

How long did u use them? Were you able to withdraw any money? You know even if you make a million dollars it means nothing if you cant withdraw your money.

Lets try to improve my profitable Grid Correction EA