Yeah, my problem with this approach is that with initial SL on the other side of the channel (preferable over the other side of the signal bar, and also accounting for spread) that usually comes down to an initial 0.5 < R/R < 1. Nevertheless a ...

Mika's Breakout strategy

And finally UJ short TP + 26 pips.

Mika's Breakout strategy

Yeah cool, I had an 18 pip SL above the channel, so that's why my target was not reached. But now I have UJ short on again.

Mika's Breakout strategy

SL-ed @ BE.

Mika's Breakout strategy

Took this then I changed my mind. -2 pips.

Mika's Breakout strategy

UJ short on now.

Mika's Breakout strategy

It wasn't really going so I killed it at -10 pips. image

Mika's Breakout strategy

There was red news on GU at 10:30 CET!

Mika's Breakout strategy

Hi BOpeople, I took this EU just right now. image

Mika's Breakout strategy

Dear Mika, Is it possible to tell the logic behind "Mika's BO channel" indicator? thanks!

Mika's Breakout strategy

Hello Zebra, The 'ZR', or I'd rather call it 'LMD - Let Market Decide' is a nice and tricky idea I also had it on my mind and gave quite a lot of thoughts and calculations to it. I even created an EA I set 'free' and it was just taking the necessary ...

The Dollar Cost Averaging Pivot Point Trading Method

Hello Geoff, You are actually right, in that case it is less than 1:1 ratio. Can you please refer to page 1 the rules of this system, you'll see there are several options for SL/TP at the discretion of the trader. I personally enter with an initial ...

Mika's Breakout strategy

Hi Folks, 6 trades today, 3 TP, 2 TS (on UJ), total gain 53 pips. Setups worked nice in the morning. Have a nice weekend!

Mika's Breakout strategy

Hello Trikg, I have no idea, tried it only yesterday for the first time.

Mika's Breakout strategy

I've seen the same concepts at Udine's system 'As simple as possible 00 level trading' and I am happy to see you share some common thoughts! :-)

Mika's Breakout strategy

Thanks! Later I managed to get some TPs and a BE. TP image BE image TP image TP image TP image A strong USD made it happen this time. I am on demo, see you later.

Mika's Breakout strategy

Dear Mika, Thank you for sharing this system! I took the attached UCAD short, and it went SL. Did I do something against the rules, or is it just bad timing (eg. because it was a countertrend trade)? Thank you, Áron

Mika's Breakout strategy

Dear Udine, Jibala, Bugyibuci, Overseas and Flx, Thank you for all the good wishes, happy trading to you All! Áron

As simple as possible: 00 level trading

Dear All, I've been and will be away for some time these days. I am experimenting with something programmed where I try to let the market decide where it wants to go while keeping my position on the right side. I may call in once in a while to see ...

As simple as possible: 00 level trading

Nice weekend to All!

As simple as possible: 00 level trading