Thanks for the calculation, im happy to see the calculation,i hope it can motivate all of us to trade consistenly and profitly.

Simplicity is the Ultimate Sophistication

Thanks for the update In this case ,the second trade would be buy stop @ 1.0860 and sell stop @ 1.0840. Because the first it hit SL and the 00 pricle price above and below 8 candle is @1.0860 and @1.0840, so we still put it on the level.

Simplicity is the Ultimate Sophistication

Okay nice then happy weekend for you and everyone

Simplicity is the Ultimate Sophistication

Yup, i saw it already, i think its too complicated to be done. and it is also only can be done if you open big enough trade, if you open small lot , or even below 0.1 lot. this cant be done. So i think it complicate the trade, lets try to make ...

Simplicity is the Ultimate Sophistication

Good then

Simplicity is the Ultimate Sophistication

Youre welcome, just remember that the method itself doesnt always made you profit or lose. its money management and our mind management that made a good trader. a good trader trade for the long run, gambler trade for a trade or two. Trading is a ...

Simplicity is the Ultimate Sophistication

this case if highest point is 1.06876 then the buystop should be 1.0690. Hope this clear the confusion.

Simplicity is the Ultimate Sophistication

For example today price, Open price : 1.06800 TP : 1.06900 SL : 1.06650 If stop loss hits, we place a triple lot sellstop order @ 1.0660. But if it didnt touch the sell stop at 1.0660, and go up to price 1.0680 again , we will take that trade ...

Simplicity is the Ultimate Sophistication

Please do a backtest and also forward test.

Simplicity is the Ultimate Sophistication

Can you add the feature to open the second trade as well? and first trade can you add to open two trade? so one can hit at 10 pips, the other one we let it run without risk.

Simplicity is the Ultimate Sophistication

ended the day with green pips. This week only one day failed(yesterday).but second trade ended with profit as well. so this two weeks can count as 8 consecutive wins on the first trade.(from last monday-wednesday). and only one has second trade, ...

Simplicity is the Ultimate Sophistication

yes , if it hit stop loss then the next trade would be 00 level again, if it go up then buy, so no need to only trade the opposite. now i open two trade , one at 10 pips Take profit, and the other one at 10 BE+1. and my Sl now only use 13 pips.

Simplicity is the Ultimate Sophistication

yes as easy as that

Simplicity is the Ultimate Sophistication

nice explanation

Simplicity is the Ultimate Sophistication

Nice then.. its a good phrase. But for the first trade, every month will has different result as for last year some month many first trade suceed, others month many second trade. so i think it would be nice if we can forward test maybe not only a ...

Simplicity is the Ultimate Sophistication

what do you mean by tie the losses to the next 5 trades? could you explain more clearly?

Simplicity is the Ultimate Sophistication

yes, you are right.

Simplicity is the Ultimate Sophistication

Yes, the right sell stop would be at 1.0740 because the first order is buy stop, and the stop loss is under 1.0750 already. So the right one is 1.0740.

Simplicity is the Ultimate Sophistication

Yes its working already, thanks. But i notice for the tp it add the commision ? and also in this trade, you are taking 17 pips ? with 15 sl?

Simplicity is the Ultimate Sophistication

buy stop @ 1.0760 TP at 1.0770 SL at 1.0747 open 2 trade, one at 10 take profit one at 10 pips Break even +1

Simplicity is the Ultimate Sophistication