FYI Guys the 1st and 3rd simulations hit bulls eye, the 2nd simulation hit the blue area (sightly over our target point which was even better)

I look forward to your opinions!

 

You r clearly defining ur strategy so I dun think your a forex gambler as you said in ur first post. You r, atm, trying to trade based on analysis.

Originally posted by Champ

You r clearly defining ur strategy so I dun think your a forex gambler as you said in ur first post. You r, atm, trying to trade based on analysis.  

Originally posted by 4nt5

 

Originally posted by Champ

You r clearly defining ur strategy so I dun think your a forex gambler as you said in ur first post. You r, atm, trying to trade based on analysis.  

Heyo, I was a gambler (butthen i blew up first account), now trying to become trader through analysis instead as you've pointed out.. this is the first strategy i've been able to come up with since i actually did some reading and i'm hoping to get some pointers " />.

 

 

That's great. 

So you have actually entered in forex trading world not long ago. is this ur strategy or modified form of an existing strategy?

Originally posted by Sasha

That's great. 

So you have actually entered in forex trading world not long ago. is this ur strategy or modified form of an existing strategy?

Thats right i was introduced to it only about a month ago (so im still relatively new), it blew my mind at first but after 5-10mins of reading on a weekly basis i'd like to think im starting to get it. 

The strategy is an original one of mine i thought up while trying to read and scalp at the same time which resulted in this system, and its still in developmental stages depending on successful performance. Feel free to implement it yourself but please just remeber to give me feedback on the results, it would be beneficial to me and anyone else who wants to give it a try :) - thanks!

 

I tested the system out with relatively good feedback, the only thing i noticed is that the system is more accurately during less volatile periods if your target is based on time, if it is based on a price however it has been pretty profitable (as seen on my profile). 

On one occassion however it triggered stop-loss THEN went the way i wanted, i recommend either adding a martingale system as a support should this happen via pending order...
Another way to do it is expanding your stop-loss but you'd have to be prepared to lose more as a result, so i personally would prefer the former so long as the direction is where you want it. 

Hiya i noticed also that the system is projection based.... it is vulnerable right at the start, then there is an optimal period of operation which then declines as the projection range becomes too large to remain accurate... i think the key is to identify its optimal period of operation, the issue is how which would be interesting to hear from others on this.

 

Originally posted by Purplemoney

I tested the system out with relatively good feedback, the only thing i noticed is that the system is more accurately during less volatile periods if your target is based on time, if it is based on a price however it has been pretty profitable (as seen on my profile). 

On one occassion however it triggered stop-loss THEN went the way i wanted, i recommend either adding a martingale system as a support should this happen via pending order...
Another way to do it is expanding your stop-loss but you'd have to be prepared to lose more as a result, so i personally would prefer the former so long as the direction is where you want it. 

 

It will take time to understand this system as I never drew so many technicals on my chart. 

For me, simpler is better rule works. 

simple= bliss, i think you may just be confusing yourself here dude, range trading works pretty well in a simliar way with the exception for the time estimation.