Strangely no it isn't. I have no idea what my point on this thread was Maybe it was just temporary insanity or maybe I just felt that this site has given so much that I should give something [very] valuable back. Btw, this is one of the 16 ...

Mikkom's stophunter system

Add another buy stop there but don't remove the previous one unless the two trades combined have too big risk for your taste.

Mikkom's stophunter system

Sometimes you have to take a small loss to avoid bigger one - just take the loss if +20 is a loss (I have tested this rule quite a bit).

Mikkom's stophunter system

Exactly. Thanks bill. I warned on the first post that this is a bit different than other systems didn't I

Mikkom's stophunter system

(about cumulation of stops) Not really, in fact it's quite simple. People tend to place their stops above peaks and below bottoms. When the price touches there, the stop orders will trigger as market orders meaning they move the price. This is a ...

Mikkom's stophunter system

Not at this thread [anymore] In my HUMBLE opinion everyone should do their own homework especially when they are spoonfed with caviar and truffles . Also it's dangerous to trade systems that you personally aren't totally confident of and only way ...

Mikkom's stophunter system

No price patterns, no pivots, nothing like that, this is simple. This is based on something totally different - cumulation of stops at certain levels.

Mikkom's stophunter system

SL will remain where it is for the duration of the trade so no trails at this method. If tp is not hit on next bar, it's set to +20 from the open of the next daily bar exactly the same way as in the previous bar. There is a reason for both of these ...

Mikkom's stophunter system

No, the tp is +20 pips from open of next daily candle, not from the entry. Risk is just as large as you define it to be. "Win trade ratio" is only 45.26% in one of my tests (and win ratio usually doesn't mean a thing anyway).

Mikkom's stophunter system

Example pic — Example setup pic below (I'm not very good in explaining this stuff)

Mikkom's stophunter system

.. uh, I think I posted the wrong version again. I'll check the correct version later, I have it somewhere on the computer but not just sure where. edit: Let's try this one, I also changed the one in the first post.

Mikkom's stophunter system

Yes, no tp's on the day the trade is triggered. On the next candle tp is set to +20 pips (if long) or -20 pips (if short) of candle open. If tp is not hit on that candle (very unlikely) then you'll wait for sl or the same thing on next daily candle ...

Mikkom's stophunter system

Here is the non mtf version - nothing fancy here, just a usual fractal with sunday bars ignored (also on calculation). edit: use the one attached at the first post

Mikkom's stophunter system

Whoops I'll post it later. Just use normal fractal, it will give you few false fractals if you have sunday bars but otherwise works okay.

Mikkom's stophunter system

It's indicator. Use normal fractals if that doesn't work for some reason (sorry can't give any technical support). All that matters is already at the first post. Read it second time.

Mikkom's stophunter system

I can definitely help with the tech side, however there is one thing that is not clear - how do you define a "trend" mechanically? In other words, what is the exact definition on when you enter on a pullback. By the way I trade only daily bars ...

Proven Methodology (Trend following) - let's create an EA

This thread seems to be a bit dead, here is my latest update. This account is now 1,5 months old and everything is going as planned even though the market has been quite choppy for most of the time.

Show your best EA

LIT is limit if touched, it's a kind of "stop limit" order - for example lit order of 1.3, 1.29 works so that if price touches 1.3 (basically a stop), it doesn't trigger market order right away, it triggers limit order of 1.29. That's what I'm ...

LIT orders in metatrader

Sorry I think I didn't understand, what has that to do with LIT orders? Or is this some kind of strange spam?

LIT orders in metatrader