I have open trades that I opened last week and I will close them each for a modest loss as soon as slope drops below .4 on the daily, which is well above my original stop loss. If slope stays above .4, I will keep them open to see what happens with ...

Nb 10.0 trend trading system

Sounds like a solid approach Ripper, although too short term for my time. I am staying within the daily or 4H for now with larger stops and low lots, which makes my exits and pair selection more important than my entries. BTW, which criminal are you ...

Nb 10.0 trend trading system

The repainting of the slope indicator has the potential make a prior entry look great or horrible after the fact. Forward testing only.

Nb 10.0 trend trading system

Thanks Ripper, As for CADJYP on D1, with my broker I am not showing ranging. Slope was above 0.4, weekly histo green, and price crossed the monthly pivot and was above the blue line on the 20th. So I entered there with a stop near the monthly ...

Nb 10.0 trend trading system

Took CADJPY long yesterday on the daily. I am still having trouble with exists. Did anyone go short on USDCHF a few days ago? Are you still in the trade or when did you exit? I am not inclined to close a trade when slope drops back below 0.4 within ...

Nb 10.0 trend trading system

Question: Suppose one entered a long trade on the daily when the weekly histogram was green, slope was over .4, and price was above pivot and the blue line. Then an hour later after some price action slope drops back under .4, do you immediately ...

Nb 10.0 trend trading system

Binyamin, In your backtest, you entered buy when the daily was in a UT, H4 slope was green and either price crossed pivot or crossed the MA and close towards the trend. Were you testing the daily system, but based on the 4H slope? Thanks for the ...

Nb 10.0 trend trading system

Looks like most of the USD pairs have triggered by this point.

Nb 10.0 trend trading system

Bin, As you noted not all pairs will move the same in a trend. If one is willing to risk 6% on all open trades, for example, then trading six different closely correlated pairs at 1% per trade might make sense, or 2% per trade on three highly ...

Nb 10.0 trend trading system

Agreed, correlation is the silent killer. Take a look at this dynamic correlation table: url

Nb 10.0 trend trading system

Binyamin, Regarding your TP2 point, are you closing immediately when color changes (regardless of any repainting). I am exploring possible exits and wondering what others have found. Thanks.

Nb 10.0 trend trading system

Ahhh, I thought you meant in the other forum (although it is probably in there too). This approach is different enough from Bob's that it might warrant its own thread.

Nb 10.0 trend trading system

Binyamin, What is the Scoob method you are running to test the 4 and the daily? I looked around on SH forum but did not see it.

Nb 10.0 trend trading system

I was thinking that the stop should be the lesser of 3 times the ATR or the pivot. That will avoid market noise and give the trade room to breath.

Nb 10.0 trend trading system

Binyamin, You could use or modify Hopwood's EA to run a forward test (see post 1). The EA has enough flexibility to do what you want. I am curious if the stops you are using in the test are too large and are thus depressing the returns.

Nb 10.0 trend trading system

Nice work Binyamin. You are doing what I was looking for. Are you separately evaluating the expectancy of the ranging system as well?

Nb 10.0 trend trading system

Bob, What are your views on how price will behave around dynamic versus flat S/R lines? Obviosuly not much of a difference early in the week, but as the week rolls on the differenece may be significant. Thanks.

Nb 10.0 trend trading system

I find this correlation table useful: url

What website do you use to check the correlation of forex pairs?

Who said it does not work? The core of that system is still viable, perhaps with a few modifications. Look around.

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I tell you that I for one was new to forex four or so years ago and read every one of jacko's posts. I watched all these people follow his methods. I ended up going a different way and now it is almost funny looking back.

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