View Single Post
  #3 (permalink)  
Old 08-25-2006, 01:32 AM
Wingstar Wingstar is offline
Freshman
 
Join Date: Aug 2006
Posts: 6
Thanks: 0
Thanked 4 Times in 1 Post
Wingstar will become famous soon enough
Default

Backtesting has proven the need for the 35 pip stop. Actually the strategy calls for at stop at where the last bar touches the 10 ema line, but sometimes that can be too close, so 35 is a good average. If you notice, this worked twice yesterday and twice today (8/24). Sometimes momentum falls off but the general trend stays the same so the trade still works, it just takes its sweet time, and the retracements can be large. I would appreciate it if someone would post the code. Turning it on and off would be easier than trying to put timeframes and other rules in the code.
Reply With Quote

Registered members have access to special online forex currency trading tools, software, mt4 expert advisors and indicators. Register now

Main Menu

Economic Forecast