New Day breakout by fed
Page 1 of 844 123 ... LastLast
Results 1 to 10 of 37

Thread: New Day breakout by fed

  1. #1
    Edited the first idea....

    Hi , this really is something new for me as well. I have traded this egy endure for the past 2 weeks and gave me a few fantastic outcomes. I also have back analyzed it, just wanted to share it with you . You can trade this egy together with g/j, g/u and e/j. The best results will be with g/j since the motion of this pair. Together with another two I mentioned you need to target lower pips. I trade this just with g/j.

    This egy is similar to some of the other breakout egies out there but there are some different things that you will find for this then the others will not have.

    What I do is that I really do take the low and high of this 00:00GMT hourly candle.
    Note: I do not include the wick, I examine the entire body of this candel not the wick.

    30 pips disperse above the high you go long and 30 pips under low you go brief.
    I'm changing marginally something on this particular egy. Rather than entering it using 3 orders, I'll enter in with two orders. TP1 would be number of pips that I will risk (minute of 80 pips), TP2 would be number of pips risked*two when I struck TP1 the 2nd entrance I will BE. As soon as I struck TP2 I will bring my 2nd entrance to 50% line and continue to target TP3 that's 3*of number of pips which I risked. This may give me $$$$(Profit). This is the only change to this egy. This will give additional profit.

    Lets say I did a very long and if I get stoped out, so the market is going south and then I will go short. I utilize fibs to compute my profit and sl/tp lines for me.

    Note: There'll be several compliions, I'll talk about them in my next article.

  2. #2
    Fed,I ll ty ur new system 2. .gr8 work. .

  3. #3
    Hey Fed.. .want to wish you many pips with your system my friend!

  4. #4
    Hey fed seems great! I will be playing around with this as well as a few other people (such as the LON open box BO )

  5. #5
    Deja vu anyone?
    Alright fed, I'll follow along...

  6. #6
    Another compliion is that I have mentioned already, if you become stoped out then proceed the other way to compensate for the loss and for even more pips.

  7. #7
    Hi fed,

    I've been looking forward to your new generation. . .looks very interesting.

    Can you give us an notion of this egy's profitability?

  8. #8
    Well with this egy the purpose is to be 2:1 RR when the 3rd target strikes. I did trade it live using .01 mini account(10 cents per pip) and it turned out to be quite nicely so far.

  9. #9
    Quote Originally Posted by ;
    Couldn't send you a PM. If you start a new system, then you need to open up your message box.

    You'll discover that it takes a few weeks of testing/trading a system to correctly evaluate same. Posting a poll at this point will encourage lots of people to post NO to a system with no testing. You may want to hold off on a survey. One blog posted a poll and had 30 people article NO over the first 3 times. The system ended up being one of the trading egies that were very popular on this forum.

    Good luck with your system.
    Hi TraderColin, thanks to your tips. I only turned on my PM, and I am trying to work out to delete the rod.

  10. #10
    Quote Originally Posted by ;
    Hey Fed.. .want to want you lots of pips with your own body my friend!
    same to you as well. thanks again...

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.