Disliked{quote} Hi Steve... I have started reading through the thread... nice discovery using MM.. how are you finding your trades so far with this system? profitable? better than abonacci? cheers jayIgnored
We'll see what happens in time. In some ways I prefer it to Abonacci as I can look at any pair and be picky about the trades. So I'm looking for trades that are consolidating around a level and look like they want to move, or where I can tell we have one weak and one strong currency.
You might of read that Paulus has kindly asked his coder to build an EA, which once we have working means we can thoroughly back test which levels give the greatest win rate, what the break needs to be, what the optimum SL and TP are, and whether moving to BE is a good strategy.
I'm looking for proven tradeable levels and TP/SL, that gives more than 50:50 win rate with RR or 1.5-2, and clear rules (I know, that's what we're all looking for right?). But I'm sure it's in here somewhere, so far on live testing it's looking good, but always aware that we need to test through various market conditions etc.
Still, it's good to be in the hunt and pips are coming at the moment so I can't complain. You back in blighty?