That's very helpful & thanks for your time in putting this together for me My main worry would be the risk level aspect but I see what you are saying now - cheers

Steviet's Live Trades!

Some great figures for March Northpro An inspirational journal showing what can be achieved with discipline and staying true to your system. Keep it up bro Kind Regards Steve

WaveTrade

OK, I've now backtested the last 3 months on UJ with the 100 pip s/l rule and it would give me an extra 300 pips or so. I need to do a full year's data on each of the pairs but the rule will stay for now as it does seem to help in limiting losses ...

Steviet's Live Trades!

Yeah, I'm a right tosser I didn't cum across that mass debate - I guess it was you that started the thread

Steviet's Live Trades!

Hmm, I wasn't here when you posted that - very strange Good point - when I pop back for lunch to see I'm a hundred pips up it's tempting to at least bring s/l to break even. Days like NFP do tende to whipsaw all over the place so I may ...

Steviet's Live Trades!

This is obviously something I need to think about for the future. I know you trade on breakouts & trendlines and it sounds like you are very successful doing it. Thanks for the info

Steviet's Live Trades!

LOL, Only yummie mummy there today was the wife but they won 6-1 so everythings OK - boys are happy. Thanks btw Kind Regards Steve

Steviet's Live Trades!

Another thing lol, Although I'm going to backtest the new s/l method on end of daily bars, I am fortunate to be able to pop back home most days. On some occasions, if a trade has gone over 100 pips up for example & I can move the s/l during the day. ...

Steviet's Live Trades!

OK boss - sounds like I'm in for a tough week lol. I'll carry on trading because I need that live data for my year's figures. Interestingly, for GU the results for January were exactly the same on both methods, February was still a loss but it did ...

Steviet's Live Trades!

I know I know I know you're a hard taskmaster I thought I'd do the last 3 months first to see whether it was worth backtesting further. I've got a week off work this week so if I can dodge a few shopping trips I'll have time to go through ...

Steviet's Live Trades!

Thanks Ken As you can see, I'm working on it and as I see it this is the one big weakness of the system. I'm actually off work now for a week so hopefully will have some time to test the tweaks so to speak Kind Regards Steve

Steviet's Live Trades!

interesting — OK, I've just backtested Jan-March on GBPJPY to get an idea of whether the 100 pip stop loss would make much of a difference in restricting losses but still staying with the trade. The results are based on me trading perfectly ...

Steviet's Live Trades!

Hi willf, Exactly - we have to find something that suits both our personality and our lifestyle (if working 9-5 can be called a lifestyle ) Kind Regards Steve

Steviet's Live Trades!

Hey Ken, I do get what you mean, I really do. It can be frustrating but I actually find it fairly stress free in so much as I'm in a routine. I set my trades at 10pm, move s/l the next day or re-enter. I guess there are 'many ways to skin a cat' ...

Steviet's Live Trades!

Hmmm, I knew you'd say that lol - turbo said much the same in pm. I'm going to test the exact trades I've made since Jan on GU & UJ over the weekend. What I'll test is the 100 pip rule to start that I'm already employing. I do know that my 100 pips ...

Steviet's Live Trades!

Hehe, You really don't know how much I look forward to your posts Iso - they keep me on the straight & narrow. Me champ, you chimp : You will see my cumulative figures so far have now been posted - what do you think of the second from last ...

Steviet's Live Trades!

As promised, here are some more detailed results for the 5 completed months using my method. I think I'll label this month Mad March as the pip count has been up to 700, then down to 100, then up to 600 & finally closing at just over 100 pips gain. ...

Steviet's Live Trades!

Thanks barak, It looks like things were great until US news at 3pm (3 hours ago sent the markets into a Friday frenzy. Don't you just hate it when that happens OK, GBPUSD stopped out for only plus 24 pips, AUDUSD stopped out for minus 49 pips ...

Steviet's Live Trades!

Hey, Congratulations on your winning week Persistence pays off Kind Regards Steve

1st "Blue Week" in 4 months.

Lunchtime Update — OK, So far, the trades are doing OK but I am mindful of the fact that this could change very quickly with pairs such as GJ lol. Current positions..... GBPJPY long from 231.64 - currently minus 29 pips USDJPY long from ...

Steviet's Live Trades!