2 things: 1 - this is a 100% mechanical strategy 2 - i make no claim that this strategy is profitable in the long run... time will tell.
stop 100 pips? if anything, that's just a routine point to buy some more If I like it here, I like it even more the lower it goes I'm a buyer once it starts going up I will be a seller are you just going to dabble? or are you actually going to get in the businesss? nothing worse than increased demand, and no inventory left to sell
when it goes up you buy, and when it goes down you sell... with clear risk defined. A few of these trades I liked, and i don't use tight stops in the FX market but... 100 pip stop seems a bit much without any intelligent intervention when things are going wrong, but being it's a mechanical system, lets see how it plays out. should probably get the 25 here. I think I see what you're doing though Instant Karma.
everybody seems a bit perplexed re: the 100pip stop... i'm agnostic, if backtest says ok then i'm ok...i don't care if it looks wrong..
nah, it's just that 25 pips target is a rough way to go. Good for you young kids, but it gets old. Hard way to make a living over time. One or two pips is good, 100 or 200 pips is also a way, but that in between stuff is completely reliant on your energy and youth.
It's not the 100 pip stop, that's fine... it's the risk:reward i think that has people perplexed. Something different for sure but I can't fly with completely mechanical systems, as eventually they tend to end bad. but interested to see how it works out.
it takes about 85% win rate to consistently make money [and that's not guaranteed] with a 1:4 r/r... http://www.swingtraderguide.com/swing-trading-system-simulator