Hi, I was working on some improvements on my system that uses gann hilo, and I did some changes, discarded QQE (its not a bad indicator, but makes me enter a little bit late on some trades, as result some times I have to leave 100 Pips sometimes more on the table) and discarded ADX as well.
Those changes maked me catch more 100 to 200 pips on each good trade, also some trades that where negative turned positive, because of a better entry and exit.
But it also creates more setups in ranging time that end up eating some of my pips, Unfortunately for me, when its ranging time, its an entire month or even more.
To make a point here, most of my winners are from 200 to 1500 pips
My losers never go more that 150 pips, and if I need to put a larger Stop Loss, I just decrease my position sizing.
Well, all the twekings I have done gave me more pips on my good months, but have add more losses to my bad months also.
But I just Know I can reduce those losses by filtering those bad setups, I have tried almost all kind of indicators to do so, but most off them, corrected those bad entry's, but make me entry late on most of my good trades ( I trade 4H bars, one bar latter and I lose more than 100 pips), witch is why I have discarded QQE and ADX.
I know the answer is not lying in any indicator it is lying in price, but how can discover the truth? I'm going to post some Charts that demonstrate my problem.
I hope someone with more experience than me, in price action can give me some clues here.
Best regards MASMP_FX
Those changes maked me catch more 100 to 200 pips on each good trade, also some trades that where negative turned positive, because of a better entry and exit.
But it also creates more setups in ranging time that end up eating some of my pips, Unfortunately for me, when its ranging time, its an entire month or even more.
To make a point here, most of my winners are from 200 to 1500 pips
My losers never go more that 150 pips, and if I need to put a larger Stop Loss, I just decrease my position sizing.
Well, all the twekings I have done gave me more pips on my good months, but have add more losses to my bad months also.
But I just Know I can reduce those losses by filtering those bad setups, I have tried almost all kind of indicators to do so, but most off them, corrected those bad entry's, but make me entry late on most of my good trades ( I trade 4H bars, one bar latter and I lose more than 100 pips), witch is why I have discarded QQE and ADX.
I know the answer is not lying in any indicator it is lying in price, but how can discover the truth? I'm going to post some Charts that demonstrate my problem.
I hope someone with more experience than me, in price action can give me some clues here.
Best regards MASMP_FX
Logic will get you from A to B. Imagination will take you everywhere.