Update: No trades today on all three pairs based on the rule: No tades in the direction if previous days high or low is greater than target three. Cheers

BatFink Trading Strategy

TraderOne, Once the second target is reached I am placing a 25 trailing stop. Once 4th target is reached I will take the second lot for 60 pips. I am leaving this presently as I haven't completed any analysis on how many times it runs past 60 pips ...

BatFink Trading Strategy

I think you can pretty much count on the market ranging for the rest of the days with no chance of falling back below the entry lines again. I think today shows a benefit of mechanical trading systems. Who would have bought the pound today! Summary ...

BatFink Trading Strategy

Wrong indicator try this one.

Harmonic trading-harmonic patterns

This indicator may help out also.

Harmonic trading-harmonic patterns

Trade update for 23rd of Nov: These trades are with the updates rules: 1st change: 2 lots traded, 1st lot profit taken at 15 with stoploss (SL) set to Break Even, 2nd lot SL is adjusted to 25 pips at 2nd target. 2nd change: Trades are only taken in ...

BatFink Trading Strategy

I have decided to adjust and add an additional filter. It's concerns medium daily range and one that was PM to me by Athlon which I think is a great suggestion. Looking back at the data the price very rarley breaks one line then reverses back to the ...

BatFink Trading Strategy

OrangeRoshan, Your are doing a great job with this and putting a lot of effort in. Well done mate. I had a look at your thread and was curious how you were trading a strategy on Daily H/L. I have been working on a similar system with good results. I ...

SRDC Episode II

Update compiled list so far, getting closer to putting a pole list together. If you strongly disagree with anything on this list please let me know and why. Would like to get the list down to 5 per category maybe? more essential reading. Most of the ...

Books

Here is a start to a compiled list: Market Wizard - Jack D Schwager Come Into my trading room - Dr Alexander Elder Trading for a living - Dr Alexander Elder The New Market Wizard - Jack D. Schwager Handbook of Key Economic Indicators - R Mark Rogers ...

Books

Marlin, Is there any way that we can add a pole and people can rate a book from 1 to 5 stars? Cheers

Books

I think you can waste a lot of time and money reading books that don't give much at all. Between everyone in this forum there is a vast amount of reading experience and forex experience that would make it possible to come up with a list of 20 great ...

Books

Ok everyone who has an interest so far in this system we need to move to the next step of improving results through additonal filters and additional lots. My first thought for this system is to add Day High and Low filters. If we stay out of a trade ...

BatFink Trading Strategy

Results update: GBP/USD 17TH = (-30 + 10) = -20 20TH = (-30 + -8) = - 38 21ST = (NO TRADE) 22ND = (6 + 60) = 66 Total = 8 USD/CHF 17TH = (-10 + -10 + 4) = -16 20TH = (-30) = -30 21ST = (NO TRADE) 22ND = (60) = 60 Total so far = +14 USD/JPY 17TH = ...

BatFink Trading Strategy

I have decided to advance the system to trading 2 lots: 1st lot - take profit at 1st target 2nd lot - set to 30 stop loss when 2nd target is hit

BatFink Trading Strategy

I have decided to Results for the 22nd of November: GBP/USD 2 Trades 1st Trade - brake even 2nd Trade - Traget 4 hit = +60 USD/CHF 1 Trade - Target 4 Hit = +60 USD/JPY 1 Trade - Target 4 Hit = +60

BatFink Trading Strategy

Results for 21st of November: GBP/USD No Trades USD/CHF No Trade USD/JPY No Trade

BatFink Trading Strategy

Bounty Two, Apologies for the late reply. Regarding Stoplosses. The perfect mix for this systems will come from finding best points for SL and TP. As in the DOC, approx 75% of trades make it to the 1st target position and approx 50% make it to the ...

BatFink Trading Strategy

Results for today. GBP/USD 2 Trades - 1st trade stopped out -30, 2nd trade closed at 22:00 for - 8 pips USD/CHF 1 Trade closed out at -30 USD/JPY No trade Last few trading days have not been great but seeing this system is being traded by the rule ...

BatFink Trading Strategy