Thanks for the encouragement, BB! This is definitely a learning experience.

Bodger Breakout Method

I'm open to any suggestions on SLs. Currently the SLs are set independently for each layer of the position. The first position is given a 100-pip SL, the second an 80-pip SL, the third a 60-pip SL, the fourth a 40-pip SL, and the fifth a 20-pip SL. ...

Bodger Breakout Method

Sunday night I opened my Bodger Breakout orders for the 2nd day of live trials on this system. After two days I've already come to a significant conclusion. On Friday I tried this system for the first time and when my layered positions went into ...

Bodger Breakout Method

Use a Monte Carlo simulation — I have a suggestion for you that I have seen from no one else. Everyone says, "Money management, money management, money management", but it can be very hard to figure out what this means (at least it was for ...

Please tell me your method!

I realize that the market is wild and it's probably pointless to try to explain this stuff, but I don't think anyone is really focusing on my central issue here. Yes, most of my long trades are held against the dollar or the yen, but that doesn't ...

How nearly EVERY pair gap downward?!

The specific pairs on which I'm long are: AUDJPY AUDUSD CHFJPY EURCHF EURJPY GBPJPY GBPUSD But these aren't the only ones that gapped downward.

How nearly EVERY pair gap downward?!

IMHO, many of the posters in this thread have missed a very subtle but important distinction. There is a huge difference between a good trade and a good trader. Pips can be used as a decent measure of a good trade - but they are never the measure of ...

:: Pips are not what counts ::

I don't have it in text format, as it was copied-n-pasted from the screenshots of my statistical program. However, you can copy all of the values for a given pair and then paste them directly into Excel. Once it's in Excel, you'll notice that it all ...

Daily Retracement Values By Pair

A couple thoughts here: 1) We often want to be shown how to succeed. But sometimes it can be just as valuable to be shown how NOT to succeed. I myself am a noob in this game, but I think I've already learned some valuable lessons reading the stupid ...

Why "x" a secret?

Now, having posted those "results" for GBPUSD since the beginning of the year, I will be the first to admit that they are questionable. Here's why: I'm only eyeballing the OHLC from each daily bar to try to figure out how many trades would have been ...

Bodger Breakout Method

Thinking about April's "results", I went back to the beginning of the year to extend my eyeball test. This is what I come up with: Jan 2 = 5 trades triggered / +105 pips Jan 3 = No trades Jan 4 = No trades Jan 5 = No trades Jan 8 = 5 trades ...

Bodger Breakout Method

Unfortunately, no. In this test, did you account for the feathering in/out of the positions? Did you do the test for all pairs? Or just GBPUSD? Looking back at all of April, I can eyeball the following results for GBPUSD: April 2 = All 5 trades ...

Bodger Breakout Method

The "day" starts for me at, I believe, GMT -3. I use the data feed from FXDD and my new bar/candle begins at 5:00 PM EST. 5:00 PM EST is 9:00 PM GMT. However, if you're wondering whether this effects the accuracy of the system, the answer is "no". ...

Bodger Breakout Method

If your broker doesn't accept micro (0.1) lots, then you probably need to trade fewer pairs. On any given day, 1/4 - 1/2 of your orders will never be triggered. But on the pairs that DO trigger orders, they could trigger as many as five different ...

Bodger Breakout Method

Another note: If you use a broker with carryover, the daily nature of this system can be turned to your favor for incremental gains. I enter all orders at the beginning of the day's bar/candle (5:00 PM EST with my current data provider). Any ...

Bodger Breakout Method

My first day trading this strategy was Friday. I had placed 5 stop orders (in the manner described above) on 19 different pairs. (Yes, it does take a while to enter 5 different stop orders for 19 different pairs, but it is the only real work that ...

Bodger Breakout Method

I'm not sure that your position is contradictory to the author's. The most rudimentary of systems tells you when to open a position - that's it. It doesn't say anything about exit strategy, SL, TP, etc. I have no doubt that your EA can be ...

The Evolution of a Trader

Moving averages are the simplest answer. Pick a moving average with a very HIGH period and if the price is above that MA, the trend is up. If the price is below that MA, the trend is down. In the daily systems that I have been testing, I have been ...

How to trade the trend?