Grpip and Golum,
Well since I had a heck of a day today, and today is the last day of trading for the week and it will take a little while to explain the money management part of this system or any system for that matter, I will work on it this weekend and post it well before Sunday opening.
Grpip,
You are right. There weren't any new trades today. And AUDCAD is still rolling!!!
I know you said you are a creature of habit but I hate to hear that you don't want to understand because that is how I learned from my losses and how to better my winning percentage. My money management strategy changed because of ONE trade that got stopped out, I shorted the trade and it has definitely shorted, but if I knew then what I knew now about stop losses and gave the trade room to "breathe", I would be sitting on a 1200 pip profit just from that trade alone.
The poorhouse??? Well I hope you are only demo trading this system for now, because I will demo a system for AT LEAST 6 months before I decide if it performs well enough or not to trade live. And the opening will begin at 5pm Sunday your time.
I added the chart to show where I'm at with all my trades. I also added the template I'm currently using. Download the template to C:\program files\Metatrader-("broker name")\templates and then open Metatrader and apply it to all your charts. You must have all the the indicators in your indicator folder (Stoch histogram (Trend Finder 4 hour thread by Bull101, first post), AO (standard with MT), Advanced ADX (Trend Finder 4hour thread by Bull101, first post), ATR (standard with MT).
I'm off. Have a good weekend and I will talk to you all soon.
Well since I had a heck of a day today, and today is the last day of trading for the week and it will take a little while to explain the money management part of this system or any system for that matter, I will work on it this weekend and post it well before Sunday opening.
Grpip,
You are right. There weren't any new trades today. And AUDCAD is still rolling!!!
I know you said you are a creature of habit but I hate to hear that you don't want to understand because that is how I learned from my losses and how to better my winning percentage. My money management strategy changed because of ONE trade that got stopped out, I shorted the trade and it has definitely shorted, but if I knew then what I knew now about stop losses and gave the trade room to "breathe", I would be sitting on a 1200 pip profit just from that trade alone.
The poorhouse??? Well I hope you are only demo trading this system for now, because I will demo a system for AT LEAST 6 months before I decide if it performs well enough or not to trade live. And the opening will begin at 5pm Sunday your time.
I added the chart to show where I'm at with all my trades. I also added the template I'm currently using. Download the template to C:\program files\Metatrader-("broker name")\templates and then open Metatrader and apply it to all your charts. You must have all the the indicators in your indicator folder (Stoch histogram (Trend Finder 4 hour thread by Bull101, first post), AO (standard with MT), Advanced ADX (Trend Finder 4hour thread by Bull101, first post), ATR (standard with MT).
I'm off. Have a good weekend and I will talk to you all soon.
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Find the edge, and keep it sharp.