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shiko replied Aug 25, 2009We also should not forget not only about R:R ratio but about how much time we have to spend to generate certain return. With this strategy this ratio is perfect.
4H Box Breakout
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shiko replied Aug 25, 2009This is a great strategy! I am 1% down on all 4 accounts too. There was no chance to use different money management rules. Have only myself to blame as well. Yen, how much are you risking per trade? also 1% like me? Have you been trading this ...
4H Box Breakout
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shiko replied Aug 25, 2009This is a great strategy! I am 1% down on all 4 accounts too. There was no chance to use different money management rules. Have only myself to blame as well. Yen, how much are you risking per trade? also 1% like me?
4H Box Breakout
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shiko replied Aug 25, 2009First weekly candle closed on FXDD. You calculate box size by adding buffers and spread for long order. set 2 orders. 1 long and one short. these are 2 trades for a week. 1 long and 1 short.
4H Box Breakout
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shiko replied Aug 25, 2009Do not worry, just stick to the plan. It will bring you nice %%%.
I am 1% down so far this week on all my Ace system testing accounts and it is LIVE money. But guys and I personally back tested this system. it is simple and robust. Nothing to ...4H Box Breakout
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shiko replied Aug 25, 2009I think G/J is going to go down. Gotta miss it. But if it goes down, it will be high probability that up trend will reverse and we will have more Sundays safer opportunities in the nearest future.
4H Box Breakout
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shiko replied Aug 25, 2009This must be very bad money management. it's gonna catch with Banana sooner or later. I will be happy if I am 25-30% up after 6 months. It is very good return with 1% risk per trade. Damn, I will be happy if it makes 40% per year.
4H Box Breakout
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shiko replied Aug 25, 2009according to the system, there is 2 positions to be opened. one long above the box and one short below the box. no opening position in the box., it is break out swing weekly system.
4H Box Breakout
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shiko replied Aug 25, 2009I am staying with G/J short trade. It is with stop at B/E
4H Box Breakout
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shiko replied Aug 25, 2009Yeah, it looks like a lot of guys made mistake with setting long orders. We should not have been in long trade anyway. I set my long order now with proper calculation of added spread. It is at 1.5692. Do not consider first long trade a proper one.
4H Box Breakout
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shiko replied Aug 25, 2009if 153.50 broken it could be another 100 pips ride to 152.50. But then it might bounce back the whole way up to trend line . It is solid support at 1.5250. . Uptrend trend line looks like being broken. Last time it was there a month ago. Enough time ...
4H Box Breakout
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shiko replied Aug 25, 2009I think because we trade 4 hours time frame it is more of swing strategy than long term. What I especially like about this system it permits me to learn letting trades run. i have never been able to do this in all year of Forex trading. Without ...
4H Box Breakout
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shiko replied Aug 25, 2009Trade moved up to 160 pips in my favor. Stop loss set at BE. I am letting the trade run.
4H Box Breakout
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shiko replied Aug 25, 2009By the way, I tested G/U according to this system also from January 1 according to original rules. Return was around 20%. Hence, i have got a question. It looks like this system works for quite a lot of pairs but if G/J is the best, why should we ...
4H Box Breakout
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shiko replied Aug 25, 2009I have data only from January 1, 2009. Return for 33 weeks with risk of 1% per trade trading G/J only was 34% for TP3 and 32% for TP4. With setting stop loss to B?E after 50 pips in profit return has been 29%. Take 50% profit after 50 pips in profit ...
4H Box Breakout
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shiko replied Aug 24, 2009My box is 155 pips. so, my TP1 155 too and so forth. My target is 470 pips.
4H Box Breakout