please continue doing this as it is very facinating, you have already lost more than twice the wins, and still in profit!
could someone who is bored?????????? please do a quickie EA that takes CCI (14) on 6 pairs (your choice of majors) on 5 min chart that buys when below -100 and sells when above 100 with the following orders:
two contracts with 6 pips SL, SL moved to BE on second contract when first contract hits first TP
the first contract has TP at 8 pips
the second contract has TP at 16 pips
use 0.1 lot on $10,000 demo account and post backtest profit graph for each of 6 pairs.
you'll see this has 1:3 risk reward ratio, as long as both trades hit their TP...I have taken liberty to minimize some of the statistical risk by breaking it into two contracts. then the CCI can serve as better dice than pure random. (nothing against that again, please keep going on that!)
I just want to see what 1:3 risk reward does with slightly higher probablilty without forward testing for a whole year.
thanks to whoever is bored enough to do this.
THIS DOESN'T PAY ATTENTION TO CANDLES, EITHER!
could someone who is bored?????????? please do a quickie EA that takes CCI (14) on 6 pairs (your choice of majors) on 5 min chart that buys when below -100 and sells when above 100 with the following orders:
two contracts with 6 pips SL, SL moved to BE on second contract when first contract hits first TP
the first contract has TP at 8 pips
the second contract has TP at 16 pips
use 0.1 lot on $10,000 demo account and post backtest profit graph for each of 6 pairs.
you'll see this has 1:3 risk reward ratio, as long as both trades hit their TP...I have taken liberty to minimize some of the statistical risk by breaking it into two contracts. then the CCI can serve as better dice than pure random. (nothing against that again, please keep going on that!)
I just want to see what 1:3 risk reward does with slightly higher probablilty without forward testing for a whole year.
thanks to whoever is bored enough to do this.
THIS DOESN'T PAY ATTENTION TO CANDLES, EITHER!
Too close for pips, switching to points.