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- billbss replied Nov 8, 2007
It may. I won't be trading it. The spread will be huge.
High & Low 8 Hours (GBP/JPY)
- billbss replied Nov 8, 2007
I haven't heard of it being tested on other pairs. From what you discovered, maybe it should be.
High & Low 8 Hours (GBP/JPY)
- billbss replied Nov 8, 2007
GBP/USD -40. I'm glad I went to bed and didn't trade.:-) There is big GBP news coming out in about an hour that should move GBP/JPY.
High & Low 8 Hours (GBP/JPY)
- billbss replied Nov 7, 2007
You need to enter both your long and short order at 0200 GMT. If the long gets stopped out, you enter the long order again at the same price as you originally did. The short order is already there. You entered it at 0200 GMT. You only let yourself ...
High & Low 8 Hours (GBP/JPY)
- billbss replied Nov 7, 2007
I traded it and that didn't happen to me. There was a low at 0250 GMT that came 4 pips from hitting the SL, but it didn't. I finally got stopped out at 0410 GMT. Differences in broker prices could account for it.
High & Low 8 Hours (GBP/JPY)
- billbss replied Nov 7, 2007
Hi Nicotina, Would you recommend a no trade day? That is a huge range.
High & Low 8 Hours (GBP/JPY)
- billbss replied Nov 7, 2007
You don't add the spread on a buy. You don't add or subtract the 1 pip on either a buy or sell. I know it sounds unusual, but those are the rules. Had you set a stop loss 50 pips below the 239.55, when it was finally hit, price never reached 239.55 ...
High & Low 8 Hours (GBP/JPY)
- billbss replied Nov 7, 2007
BK, If you went for a second trade, would you wait for price to fall below the original buy stop price? Maybe I should just let you explain how you would set the orders for the second attempt. Thank you
High & Low 8 Hours (GBP/JPY)
- billbss replied Nov 7, 2007
If you're using MT4, be sure you refresh the chart occasionally. If you don't, the SAR will get stuck and not move. The easy way to refresh it is to switch to another time frame then back. Everyone may already know this.
Umair's Euro/usd System
- billbss replied Nov 7, 2007
bkoori would have to address that. He did the backtest and I'm not sure. Perhaps he will see this and respond.
High & Low 8 Hours (GBP/JPY)
- billbss replied Nov 7, 2007
Good question and one I don't know the answer to.
High & Low 8 Hours (GBP/JPY)
- billbss replied Nov 7, 2007
One more question- Did you count a stop out at BE as a loss and set up another order or did you quit when that happened? Thanks.
High & Low 8 Hours (GBP/JPY)
- billbss replied Nov 7, 2007
Here is something else that makes this a good system: All pips are not equal. These pips are worth more than many other system's. Let me explain- You should never risk more that x% of your account on any one trade. I use 2%. With a 50 pip SL and a ...
High & Low 8 Hours (GBP/JPY)
- billbss replied Nov 7, 2007
WOW!! That does look good- never a losing month! If you included the 0200 candle, that was one too many. It ends at 0300. Also, during DST the times are 1700 to 0100. Still those are remarkable results. I don't totally understand your trailing stop. ...
High & Low 8 Hours (GBP/JPY)
- billbss replied Nov 7, 2007
Hi Kramer, I hope this screenshot is clear enough for you to answer my question: Is the sell signal on the last bar acceptable? The reason I question it is that the penetration of BB3 occurred 10 or 12 hours ago and hasn't happened since. The ...
Bollinger Band Confluence Trading