Baruch's Forex System Journal

Hi Baruch,

How did your testing the system go on the 60 min time frame? Do you still use the Rsi to filter?

Great thread btw

Kwai

 

The one stopped out today costs me about 26 pips. The market's (average) daily range would be the potential return.

I can stop it earlier when watching realtime, but due to my other commitments I will very soon place daily orders and leave them until another day/session. Margin is useful in this kind of trading situations, I think.

 

Hi Jay,

I didn't knew. But now you can do it.

 

OK, but I feel like a hero if the s/l is 15 pips away. I don't like to give a lot of my nice pips to other traders, so I place avery close s/l. And move it to b/e very soon.

 

Very limited, that has been the very 1st priority goal - preservation of capital (my first time wiping out experience was 1973), when designing my systems.

 

It seems he has set certain pre-determined loss limits. As said, I do not understand much of his system.

 

Hi kwai,

I am still testing it, but has not been trading this time frame yet. I am also testing trading without the RSI filter - and it works very well. But, as you know, old habits die hard - so I am still looking at RSI.
I like to be open to all new ideas - but I test them, before I risk my money.

 

OK, in 1973? Was that before World War I or II? How do you got wiped out?

 

Neither do I. I think s/l is 1000 pips away, if he has any. But he has earned a lot of pips.

 

I trade on multi-day swing basis, which would be different than yours.

I need more time to study your systems for further comments. Perhaps you need to keep s record to analyse every trade afterwards.

Very often we can find many mistakes deviated from our original plans.

Otherwise, no improvements could be made.