Quoting hans_gregorDislikedhttp://picnac.com/images/5231Untitled-3.gif
I think you used an "old" DTL!! Can you put an arrow or mark in some way the the point where you decide to enter a trade? It would be easy to follow them.Ignored
I've read (from vegas) that the GBP/USD pair is a fairly volatile pair.
My guess is that mouteki's system works and is designed for volatile pairs.
The fact that he sets his stoploss at +10 pips (after the 40 pip movement) implies mouteki expects a large amount of volatility in the pair. Raise the stoploss and he gets stopped too often and loses the large gain. Lower the stoploss and he takes large losses.
For a volatile pair, I would think going in with multiple lots, say 3 lots and taking them off for partial profits at specific points (say 33% and 65% of the pip projection) would mitigate the losses, if not completely turn them into profits.
We could still maintain the +10 pip stoploss or having taken off partial profits, lower the stoploss in hopes for the homerun trade. I think, however lowering the +10 pip stoploss would be tampering too much with mouteki's method, especially as we're trying to learn it.
anyhow has anyone tested with multiple lots?
can anyone test with multiple lots?
phoenix