Institutional Bank Style Trading: Balance Point Trading is how the banking institutions and large retail investors make their money. This is how we as well are going to make ours. Welcome to Titan's PipWorld...
lol I'm back...
Just when I thought one year plus of trying to modify my long term system couldn't be done then, bam ! This new method shows me something that appears to be a winner (notice I did say, it appears).
I now have a short term Balance Point Method (24hrs) and a longer term Balance Point Method (1 full trading week, meaning from Sunday's open to Friday's close). Where the 24hr method has a stop-loss max 150 pips (of which can be reduced but not increased) and the weekly method has a stop-loss max of 300 pips (of which can be reduced but not increased).
It's a set and forget system (if you wish).
Now, I haven't traded this system in real time only a few trades in demo and only the 24hr method in demo so far. This is the plan, I will start demo testing both method as of Feb 1st (24hr method) then the weekly method as of Feb 3rd which is Sunday.
If you didn't notice the stop-loss on these two systems are far, far smaller than the stop-loss on the old system. So, lets see how this goes for 2 solid months (Feb/Mar).
Titan