Wise observation!

As simple as possible: 00 level trading

Thanks! Would you have optimized parameters for the current market climate for the Top3 indicators?

Statistically testing every indicator with my Genetic Algoritm

Any thoughts about finding the best parameters for the best performing indicators for the past 3 months, then repeating it monthly (for the past 3 months) and always trading with the actual "optimized", i.e. best performing settings...?

Statistically testing every indicator with my Genetic Algoritm

OK. No problem. I rest my case and move away.

As simple as possible: 00 level trading

Another one barely nicking the entry price, spending less than 1 minute in profit territory and turning around to FULL STOP LOSS... The THIRD one today (see above posts). With 3 full SL today, I will need only 11 straight profits just to break ...

As simple as possible: 00 level trading

You are a REAL gentleman!

As simple as possible: 00 level trading

There is no agenda here. Just simple FACTS and a theory.

As simple as possible: 00 level trading

GJ hourly open was below 172.600, so it was not a valid trade by the "Rules". I like your your way of "bending" the rules, too...

As simple as possible: 00 level trading

I like your "book"! 1. Not taking Frankfurt open GJ short (500 level): saved 10 pips loss 2. Taking two GJ trade within 1 hour: + 5 pips profit 3. Trading non-recommended EU: another +5 pips profit So by simply bending the "rules" you have achieved ...

As simple as possible: 00 level trading

It is still a THEORY. It was based on my observation of last week's price action with some losers. There were a couple of similar losers to be able to make an "observation" and to establish a "theory". (As it is done in scientific research.) Today's ...

As simple as possible: 00 level trading

Good for you! These discrepancies about the Open Price - with subsequent significant differences in results - make backtesting even more difficult. Probably the determination of "daily open price" should not be left to the indicator, so personally I ...

As simple as possible: 00 level trading

@Udine, @oztrader79 and @SerenityFx I hate to say that I was right - THE SECOND TIME TODAY - with my theory about instituational traders wathcing and hunting down the setups. The London open trade on G/J has happened AGAIN according to what I had ...

As simple as possible: 00 level trading

I guess, if this loser GJ trade had been a winner, then nobody would say: "Why play Frankfurt open on monday morning ???" The "rules" state that 400,500,600 levels can be traded at Frankfurt open. So I have also adjusted the rules to myself: "If the ...

As simple as possible: 00 level trading

@oztrader79 and @SerenityFx I hate to say that I was right with my theory about instituational traders wathcing and hunting down the setups, but the very first Frankfurt trade of the week on G/J has happened according to what I had predicted and ...

As simple as possible: 00 level trading

As "Pro bono", I am focusing on shedding light on the "less shiny" aspects of this strategy. If you meant that shedding light on these "less shiny" aspects was "focusing on the WRONG THINGS", well, it is your opinion, but I respectfully and strongly ...

As simple as possible: 00 level trading

Well, just keep an eye on price action over the next weeks and see how often your entry price will be touched, then moving almost straight to SL. Although probably you will not believe it, but an institutional trader told me that they were watching ...

As simple as possible: 00 level trading

Totally agree. Although one should not "preach water and drink wine" - so to speak symbolically. As it is turning out from multiple feedbacks, just by using the "rules" (i.e. without any additional discretion) may not produce the claimed 2% per ...

As simple as possible: 00 level trading

Has anybody else noticed that over the past week there were multiple entries (by the "Rules") which had been barely touched then moved to StopLoss really fast...? Guess, why? Brokers, banks, institutional traders also read this thread, and NOW they ...

As simple as possible: 00 level trading

I disagree. Based on what I have seen here, squeezing in GU here and there (in addition to EJ/GJ), and staying out of 2-3 losers a week can make the difference between making this strategy a winner or a loser. As Udine has mentioned before, he ...

As simple as possible: 00 level trading

I thought so, Udine... The concern is that many people believe that by following the "Rules" to the letter they will achieve the same 2% daily profit... Based on the above entries it is NOT necessarily so. In other words: a bunch of discretionary ...

As simple as possible: 00 level trading