20 out of 82 trades were profitable so that makes it a 24.4% win rate. Biggest losing streak was 16 trades. Biggest winning streak was 3 trades which happened two times. So it is far from perfect but appears profitable. Perhaps moving to breakeven ...

Quick and Dirty EOD

Since the backtesting was not discretionary and was just mechanical, I have had small stops. One was just 7.3 pips. I know that is very small for a daily strategy but some of those trades with small stops went on to hit the 200 pip take profit.

Quick and Dirty EOD

You are correct, I don't know if the retracement is done. I was just trying to find a way to get an entry that would have a smaller stop loss than what I have found in my backtest of this system based on Hugh's rules. I was thinking of using the EA ...

Quick and Dirty EOD

I'm putting the stop loss 1 pip + 2 pips of spread above the high of the signal candle for a short and 1 pip below the low of the signal candle for a long. I made sure no stop was set greater than 100 pips per your rules. The take profit was set at ...

Quick and Dirty EOD

Tweak Backtest Result — The tweak I am suggesting is to just buy at market after the close of a bearish candle (open greater than close) or sell at market at the close of a bullish candle (open less than close). For backtesting, I used 100 ema ...

Quick and Dirty EOD

I like this way of trading! — I am also doing well with this style of trading. I did some backtesting on E/U using the rules on the first post and averaged 60 pips/month over 17 months. I was trying to think of a way to get a lower risk entry, ...

Quick and Dirty EOD

8 EMA — Do you wait for the candle to close on the other side of the 8 ema before entering a trade, or is the 8 ema there just for trailing stop purposes? BTW, started using your system yesterday and I already like it. Thanks!

Swing trading with heiken ashi and stochs

Yes, I had the problem of getting overconfident and bending (or breaking) my rules. I would do well at first, then increase my leverage because I wanted larger profits. I would also start to take every trade set up that I saw (or thought I saw) ...

X-Man's Super Simple System

I am a member of their paid forum, but I will be cancelling today. When they first started, both Rick and Titch were posting many times each day. The past month it started to dwindle down to a few posts a day, and then a couple posts from Titch or a ...

Simple Simon Balance Line Trading

Thank You — Thanks Titch! Looking forward to hearing from you.

Simple Simon Balance Line Trading

Thanks Titch! — Titch, Thanks for answering. Could you help me find where I can get some education on trend lines, price action, etc. I need the extra tools to be able to do the job correctly. I have just been "eyeballing" the chart to see if ...

Simple Simon Balance Line Trading

Good work Jules! I have been trading the 4hr time frame, but lost 2 weeks of profit this past week. I guess this system is better suited to the 1 hr, however I was using the 4hr so that I didn't have to be tied to my computer all day. How often do ...

Simple Simon Balance Line Trading

My average stop loss is probably 50-100 pips. Make sure you trade an appropriate number of lots so you don't risk too much of your account balance. I trade almost all of the pairs. I enter trades from 8:00am EST to 8:00pm EST. I use an EA to manage ...

Simple Simon Balance Line Trading

Isaac, Sorry to hear you did not make profit. I have been trading any currency pair that I think shows a good signal on the 4hr charts. Were you using the 4hr charts or were you using shorter time frames? I read on this thread that people are ...

Simple Simon Balance Line Trading

I've been trading this system on the 4hr charts for about 2 weeks now, and am doing well. I'm using a demo account until I become completely comfortable with trading this system. So far I have had my inital stop hit only twice, and my account is up ...

Simple Simon Balance Line Trading