Hi Scientist, Nice cars! Yes, it was a good day. But remember the pips came from trading 3 pairs. It's "only" around 80 pips per pair. The system works very well in a trending market. But there will be trading range days, and they will give me many losses, I suppose. That will be the real test for the system.
Hi again, I just can't understand how your system works without "hard stops" and taking 1000 or 2000 pips losses. Could you explain?
Hi again, OK. It seems you are doing all the wrong things - no stops, adding to losers - and making a lot of pips. If it works, it works.
I try to do all the right things. I hope it will continue to make pips. Close stops, no adding to losers ever. I wil also keep it very simple. I think this is the best approach of all. I will now test a new strategy: Only trading EUR/USD - I drop trading GBP and CHF. I will - of course - get fewer pips, but I can trade bigger in EUR. I don't hope it will be boring only to trade one pair. P.S. I am right now of course short EUR with a 14 pips gain. b/e is stop.
Hey, I'm this too. I am just tired of waiting for the Euro to make its move. Incorporating a MA really helped. Thanks for the info.
Bad decision. The rumour (and bomb threats in London) are hurting EUR. No, it's not easy trading the news...