Disliked{quote} What? wait a minute, the week is not over yet? You must be easily pleased {image}Ignored
But I agree, there is more potential to the downside, especially after making new lows. Some Long Stops might get triggered eventually.
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Disliked{quote} What? wait a minute, the week is not over yet? You must be easily pleased {image}Ignored
Disliked{quote} Well, the original rules say to close the position after 2 same candles closed in the same direction above / below entry point. So if you want to stick with that, AUDUSD is already gone. But I agree, there is more potential to the downside, especially after making new lows. Some Long Stops might get triggered eventually.Ignored
USDJPY 1st Jan 2015 to 10th Nov 2017.
Risk: 1%
Counter re-entry risk: 2% - 1 re-entry per week
DislikedResulta have nothing to do with an EA. Please use the rules given in Post #1 and assess the results. My SL is @ the first H4 -high or low plus 2 pips. TP as per the rules. Some trades are LIVE and some are Demo. I prefer those pairs, that simple! Why are you worrying about Drawdown? Just set your trade and forget it! You can review each pair quite easily to analyse performance, human BRAIN is fantastic.Ignored
DislikedResulta have nothing to do with an EA. Please use the rules given in Post #1 and assess the results. My SL is @ the first H4 -high or low plus 2 pips. TP as per the rules. Some trades are LIVE and some are Demo. I prefer those pairs, that simple! Why are you worrying about Drawdown? Just set your trade and forget it! You can review each pair quite easily to analyse performance, human BRAIN is fantastic.Ignored
DislikedTP -2 Bulls or 2 Bears My SL determines my Risk -so set and forget. My Drawdown is limited by my SL, that simple.Ignored
Disliked{quote} It seems like your entry was based on the low of the 3rd H4 candle. In that case all matches correctly! But I just want to mention that the chart I am looking at from my broker...does not have the close price of the 3rd H4 candle lower than the low of the first H4 candle of the week. Is your close price lower than the low of the first candle? If it is, then it all makes sense.Ignored
DislikedMy Broker FxPro, and yes it did close below, Close was 1.2756 {image}Ignored
Disliked{quote} Thanks for taking time to respond. To be clear: We do only place 1 Stop Order in the direction of C2 above / below its High / Low? If C2 closes above High of C1, we put a Buy Stop and if C2 closes below the Low of C1, we put a Sell Stop?Ignored
Disliked{quote} I think its much safer if we put both sell and buy stops above and below the candle 1 and 2, If candle 2 is higher than candle 1, buy stop above candle 2, sell stop below candle 1 If candle 2 is lower than candle 1, buy stop above candle 1, sell stop below candle 2 I think this is what coco means. Cmiiw.Ignored