DislikedI have been back testing this strategy extensively for the last week or so using a programmed strategy for JForex. I have tried 5 min, 60 min, 4 hour and daily charts ...I tried trailing stops, break even levels, only trading in certain sessions, scalping, various stop losses and RR - nothing is consistent with this :-(Ignored
That said, it was never intended to be automated per Joseph95 but I prefer to trade with automated tools. So I wanted to look at it anyway. At this point, it doesn't look like that is going to work.
The trades that I have selected manually have worked out so far but I'm very selective. That's was the original approach Joseph suggested.